bad loans
Economy
Bad Loans Legislation After 'Complex' Consultations Between Institutions and Greek Authorities
Greece's legislation on bad loans is a result of "complex" consultations between the institutions and the Greek Authorities, European Commission spokesman Margaritis Schinas said on Monday.
During a press briefing in Brussels, Schinas was asked to comment on reports according...
Economy
Non-Performing Loans at Greek Banks Receive Boost by Lenders
According to sources, four systemic banks in Greece recorded new non-performing loans (NPLs) provisions in Q2, showing a significant increase from Q1.
The four banks of Piraeus, National, Alpha and Eurobank all recorded provisions by lenders of some 1.04 billion...
Economy
Four Firms Apply for Red Loan Management License in Greece
Four companies have submitted applications to the Bank of Greece to obtain a license to manage nonperforming loans (NPLs) of households and small businesses, according to a Kathimerini report.
The firms will not be buying the loans, but their only...
Economy
Greece Is Champion of Non Performing Loans in Euro Zone
Greece is the euro zone champion in non performing loans, according to a study conducted by the International Monetary Fund.
Bad loans in euro zone countries add up to almost 900 billion euros, and about 100 billion are owed by...
Business
'Red' Loans Management to Unsettle Greek Parliament
The hot issues of 'red' loans management and the privatization of the Independent Power Transmission Operator (ADMIE) will be tabled in Greek Parliament on Monday amid strong reactions from opposition parties.
Large business loans and second home mortgages will be...
Economy
Disagreements Over Implementation of Reforms Between Greece and Creditors
After two days of negotiations between the quartet of international creditors' representatives and Greek governmental officials, there are still many disagreements over the progress of implementation of reforms.
According to a source close to the talks, lenders did not agree...
Economy
Greece's Big Challenge to Fix Bad Loans Without Destroying Banks
The big challenge for Greece's Prime Minister Alexis Tsipras is to fix the bad loans situation without destroying Greek banks, according to a New York Times report.
The nonperforming loans issue is so thorny that the Greek government did not...
Economy
Bad Loans in Greek Banks Reach 45%, Debtors Resume Regular Repayments
Bad loans in Greek banks have reached 45 percent of loans after capital controls were imposed at the end of June, says a Kathimerini report.
The percentage of bad loans was 40.8 at the end of the first quarter of...
Economy
Red Loans Pose Threat to Greek Banks Restart
"Bad loans haunt Greek Banks Seeking New Start" is the title of a Reuters report regarding the plight of the banking sector in Greece's economic crisis.
After 40 billion euros of deposit outflows and three weeks of closed doors and...
Economy
Greece's Cash Crunch Continues
With another 350 million euros leaving Greece on Friday for a payment due to the International Monetary Fund, the state coffer looks frighteningly empty. At the same time, state revenues have dropped significantly.
Greek banks face a serious liquidity problem...