Piraeus Bank, Greece’s largest lender, has asked KKR to restructure $670 million of its corporate loans. Greek banks hold approximately $123 billion of bad loans, while the country’s economy has shrunk by over 25% to about $200 billion.
Piraeus Bank, Greece’s largest lender, has asked KKR to restructure $670 million of its corporate loans. Greek banks hold approximately $123 billion of bad loans, while the country’s economy has shrunk by over 25% to about $200 billion.
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