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Greece likely to get 10.3 billion euros in next loan payout - officials
May 24, 2016 / 8:30 PM / in a year

Greece likely to get 10.3 billion euros in next loan payout - officials

BRUSSELS (Reuters) - Euro zone finance ministers are likely to approve new loans to Greece of 10.3 billion euros (£8 billion), according to a draft statement seen by euro zone officials.

A piggybank painted in the colours of the Greek flag with a 20 euro banknote in it's slot, stands amongst various euro coins in this picture illustration taken in Berlin, Germany June 30, 2015.Pawel Kopczynski/Files

The 10.3 billion euros in new loans is likely to be paid out in two tranches, officials said, with the first one in June worth 7.8 billion euros. The amount and timing are not final yet, officials said.

The disbursement was conditional on Greece delivering on reform promises.

Reporting By Jan Strupczewski

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