Greece's Piraeus and NBG to set up 'bad banks' as bad loans soar
LONDON/ATHENS (Reuters) - Greece's biggest lenders, National Bank of Greece and Piraeus plan to put their troubled loans into separate "bad banks" in order to restore consumers' confidence in the rest of their business, the banks' executives told Reuters.
NBG, Piraeus to give investors clear picture of bad loans
NBG and Piraeus will set up “bad banks” for their bad loans
Two Greek banks plan to shift toxic loans into new institutions