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Greek banks' NPLs up in 1Q20

Greek banks' NPLs up in 1Q20

The level of non-performing loans for the four largest Greek banks increased in the first quarter of 2020 for the first time in years as the coronavirus crisis hit. Piraeus Bank, Alpha  Bank, Eurobank Ergasias and National Bank of  Greece (NBG) have been preparing for the next wave of NPLs expected to be generated due to the COVID impact in the economy, their 1Q20 earning reports showed.

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