Greece’s foreign debt has risen from €321.015 billion ($474.909 billion) in March to €328.34 billion ($486.182bn) at the end of June, following the conclusion of the first review of the third bailout program and disbursement of the most recent loan tranche from institutional creditors.

A second review is expected to take place in September.

Of the total standing debt, some €225.96 billion ($334.297bn), or 68.9 percent, is owed to institutional creditors, the Single Supervisory Mechanism (SSM), the European Central Bank (ECB) and the International Monetary Fund (IMF).

Meanwhile, Greek State Guarantees reached €13.859 billion ($20.5bn) in the first half of the year, while 2016 also witnessed the first default of a state-guaranteed loan – taken by the state-run railways (OSE) – and the sum of €608.21 million ($899.538m) added to the country’s overall debt.