It took 50 billion euros ($53.68 billion) in state aid and selling off bad loans to collection agencies now hounding debtors for repayment, but Greece’s big four banks are raking in the revenues despite paying low or interest to depositors.
In a review of the comeback that saw banks teetering during a 2010-18 economic and austerity crisis that required 326 billion euros ($350.07 billion) to keep Greece afloat, The Financial Times outlined how the banks rebounded too.
Source: The National Herald
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