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Louka Katseli

Strategic Defaulters Owe €10 Bln to Greek Banks

One in five (21%) of nonperforming loans in Greek banks’ portfolios, amounting to 10 billion euros, belong to borrowers who are able to repay them but choose not to in the hope they could get a favorable settlement. According to...

Former Greek Minister Gerasimos Arsenis Dies at 85

On Tuesday afternoon, former Greek Minister Gerasimos Arsenis, died at the age of 85. Gerasimos Arsenis had been hospitalized for the past month and his death is most likely attributed to upper respiratory infection. Gerasimos Arsenis was born in Cephalonia in...

National Bank's Chairwoman Presents Policy Priorities

Preserving and enhancing solvency and profitability of National Bank and the Group, developing new markets, products and services and funding the real economy, investing in IT, new technologies and human resources along with further upgrading corporate governance systems, were...

Sustainability of Enterprises Leans on Efficient Management of NPLs, Katseli says

An efficient management of non-performing loans -- particularly business loans -- could become a determine factor in the sustainability of enterprises in multiple ways, National Bank's chairman Louca Katseli said. Addressing an event organized by QualityNet Foundation to present a...

Head of Banking Body: Political, Economic Stability Key in Allowing Banks to Support Economy

Political and economic stability as well as the effective management of non-performing loans (NPLs) are two of the five main preconditions that would allow the domestic banking system to contribute effectively to Greece’s growth and provide loans to small...

National Bank Ready to Support Economic Recovery, NBG Chief Katseli Says

National Bank of Greece (NBG) meets the pressing needs of the country for reconstruction of the productive base in order to safeguard social cohesion and the continuous upgrading of the educational and cultural level, its governor Louka Katseli on...

Greek Bank Deposits Up 1.15 bln Euros in Dec‏ember

Greek bank deposits grew 1.15 billion euros in December, a “small but significant return of deposits” after six years of losses which amounted to 114 billion euros, National Bank chairwoman and Hellenic Bank Association president Louka Katseli said. Speaking in...

Louka Katseli Sugarcoats New Bailout Plan at LSE and Contends Greek Debt Is Sustainable

In early 2010, she was a Minister for Labor under Papandreou's Pasok government, in 2012 she left Pasok and founded The Social Agreement Party, and in the legislative elections of 2015 her party joined forces with Syriza, eventually landing...

Greek National Bank Chief: 'It Is Not in the Interest of Any Bank to Proceed with Home Foreclosures'

"It is not in the interest of any bank to proceed with home foreclosures. The motive for each bank is to keep its clients informed," Hellenic Bank Association president and National Bank's chief Louka Katselli said in statements to...

NBG Governor: '2016 Marks the Beginning of a New Course for NBG

National Bank of Greece Governor Louka Katseli noted: "2016 marks the beginning of a new course for National Bank, which next year celebrates its 175-year anniversary," on Monday, ahead of the listing of new shares in the stock market. Katselli...