The National Bank of Greece and Piraeus Bank will be next, on August 27 andAlpha Bank and will do so onAugust 31.Expectations are that the second half of 2010 will be even more difficult and defaults on debts will reach 10 percent of the banks’portfolio.To compare, during the first three months of 2010 the National Bank of Greece announced that unpayable credits have reached 7.1%of its portfolio;for Alpha Bank, this percentage was 6.6, for Eurobank EFG - 7,3 and for Piraeus Bank - 5.6 per cent.Defaults originate mostly from small and medium enterprises.
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