Non-performing loans as a share of bank loans fell 18.1% yoy to 6.65% in Greece in 1Q2024, according to the National Central Bank. This is 11.7% more than in the previous quarter.
Historically, non-performing loans as a share of bank loans in Greece reached an all time high of 47.6% in 3Q2017 and an all time low of 2.36% in 3Q2008. When compared to Greece's main peers, non-performing loans as a share of bank loans in Albania amounted to 4.45%, 3.74% in Bulgaria, 2.95% in Macedonia and 1.40% in Turkey in 1Q2024.
Greece has been ranked 12th within the group of 89 countries we follow in terms of non-performing loans as a share of bank loans, 10 places below the position seen 10 years ago.
| Non-Performing Loans (As % of Total Loans) | Unit | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| Albania | % | 4.79% | 4.93% | 5.00% | 5.05% | 4.56% | ||||||||||||||||
| Bulgaria | % | 4.53% | 4.05% | 3.80% | 3.81% | 3.62% | ||||||||||||||||
| Greece | % | 8.17% | 8.13% | 7.54% | 7.03% | 5.96% | ... | |||||||||||||||
| Iran | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Iraq | % | 18.8% | 17.1% | 16.1% | 16.8% | 14.7% | ... | |||||||||||||||
| Kosovo | % | 1.94% | 1.87% | 1.93% | 1.89% | 1.93% | ||||||||||||||||
| Macedonia | % | 2.79% | 2.75% | 2.78% | 2.73% | 2.67% | ||||||||||||||||
| Montenegro | % | 6.33% | 6.41% | 6.07% | 5.92% | 5.78% | ... | |||||||||||||||
| Romania | % | 2.65% | 2.73% | 2.65% | ... | ... | ... | ... | ||||||||||||||
| Serbia | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Turkey | % | 1.98% | 1.72% | 1.53% | 1.44% | 1.48% |
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