Greek May Deposit Loss Up to 6 Billion Euros, Kathimerini Says

Greek banks lost between 5 billion euros ($6.3 billion) and 6 billion euros in deposits in May after inconclusive elections heightened uncertainty about the country’s future in the euro, Kathimerini reported, without saying where it got the information.

The rate of non-performing loans in the banking system at the end of March was 18 percent, with repayment arrears amounting to 44 billion euros, according to the Athens-based newspaper.

To contact the reporter on this story: Marcus Bensasson in Athens at mbensasson@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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