non-performing loans (NPLs)
Greece
Stournaras Warns of Penalties for Banks With Non-performing Loan Exposures
Bank of Greece's Yannis Stournaras has issued a stern warning to banks over non-performing loan (NPLs) exposures.
On Monday a published interview with the Financial Times quotes Stournaras issuing a warning to banks who are unsuccessful at lowering their NPLs saying...
Economy
OECD Reports: Greek Economy Has Rebounded Second Half of 2016
Economic growth has rebounded in the second half of 2016 and it is projected to gain strength in 2017 and 2018 as structural reforms start to bear fruit; the conclusion of a policy review with creditors raises business and...
Greece
SSM Nouy: Prioritizes Settling Corporate NPLs Before Primary Residences
The focus of settling non-performing loans (NPLs) should be focused on corporate loans which have reached around 65 billion euros, not primary residences, according to the latest statements by the chair of European Central Bank’s Single Supervisory Mechanism (SSM),...
Economy
Dragasakis: Debt Relief Is 'Key' to Greece's Financial Recovery
The government is continuously requesting debt relief for Greece, government vice-president Yiannis Dragasakis said on Tuesday while speaking at a conference of the Greek Tourism Confederation (SETE).
“The government ceaselessly demands a settlement of its debt issue, as the agreement itself...