The total value of “Red” loans that have reached the management companies in the second quarter of 2021 increased to 61.7 billion euros from 42.7 billion euros at the end of 2020.
The value of red loans includes loans that credit institutions have written off from their balance sheets.
According to data from the Bank of Greece, the nominal value of managed business loans amounted to 26.572 billion euros at the end of the second quarter of 2021, from 16.782 billion euros at the end of the previous quarter.
More specifically, the nominal value of loans to non-financial corporations (SMEs) increased by 9.791 billion euros and amounted to 26.493 billion euros at the end of the second quarter of 2021. Of managed loans to SMEs, amounted to 14.220 billion. euro refers to loans to small and medium-sized enterprises (SMEs).
The nominal value of managed loans to other financial institutions remained unchanged at 80 million euros at the end of the second quarter of 2021.
The nominal value of managed loans to the self-employed, farmers and sole proprietors increased by 1.936 billion euros compared to the previous quarter and amounted to 7.474 billion euros at the end of the second quarter of 2021. The nominal value of managed loans to Individuals and private non-profit institutions increased by 7.253 billion euros compared to the previous quarter and amounted to 27.707 billion euros at the end of the second quarter of 2021.
More specifically, managed consumer loans increased by 1.287 billion euros and amounted to 13.844 billion euros. Managed mortgages increased by 5.967 billion euros and amounted to 13.678 billion euros.
The article Bank of Greece: At 61.754 billion euros the “red loans” of management companies published in NewsIT .