The main Greek banks are continuing to make progress in reducing the bad debts on their balance sheets. They closed the third quarter of the year with a cumulative reduction of €1.1 billion compared to September 2024.

According to the European Central Bank’s latest European Risk Dashboard, Greece recorded an non-performing loans (NPL) volume of €5.7 billion in the third quarter of 2025, which is down 16% from the same period last year when the figure was €6.8 billion. This equates to a reduction of €1.1 billion over twelve months. Compared to the previous quarter, there was a decline of 3%, with the NPL stock falling by €200 million compared to the €5.9 billion recorded at the end of June 2025.

The NPL ratio also declined by 0.5 percentage points (p.p.), falling from 3.3% in September 2024 to 2.7% at the end of the third quarter of 2025. Despite the positive year-on-year performance, this figure remained unchanged from the previous quarter and still ranks as the third highest among European Union countries.

Source: European Central Bank
Edition and translation: Prime Yield