Bank loans subject to Covid-19 repayment relief hit $37 billion last year

Greek banks deferred repayments on 30 billion euros ($36.85 billion) worth of loans last year to help borrowers cope with the financial fallout of the Covid-19 pandemic, the country's banking association said on Tuesday.

Lenders granted payment deferrals to about 400,000 individuals and businesses between January and November, the association said.

Banking sector net profit at $7.4 bln in Jan-Nov

Turkey's banking sector posted a net profit of 57.3 billion Turkish liras ($7.37 billion) in the first 11 months of 2020, the
country's banking watchdog said on Dec. 29. 

The sector's net profit was up 23%, compared with 46.55 billion Turkish liras ($8.1 billion) in the same period last year, according to a Banking Regulation and Supervision Agency (BDDK) report.