NPL
Economy
Bank of Greece Says Bad Loans Declined in 2017
Non-performing loans (NPLs) fell in 2017 and credit risk is down compared with previous quarters, but a further decline will depend on developments in Greece's macroeconomic data, the Bank of Greece has said.
The central bank asked Greek banks to review...
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
Bank of Greece: NPLs are Expected to Rise Further in 2016
Non-performing loans are expected to rise further this year, the Bank of Greece said its review of the Greek financial system released on Tuesday.
The central bank said that NPLs were expected to increase during 2016 depending on how fast...
Economy
Greek HFSF Stability Fund Board Members Tender Resignations
Members of the Hellenic Financial Stability Fund have tendered their resignation to be made effective on July 18, 2016. The decision was made so as to ease the future choices concerning the role that the HFSF will play in...
Economy
Greek Labor Min Katrougalos: Security Funds Deal Has Been Sealed
The deal regarding the security funds has been sealed, said Labor Minister George Katrougalos after the meeting with the creditors' representatives, while he also supported that both parts have come together.
The creditors' representatives have accepted all the proposals from...
Economy
Tax and Security Reform Plans to be Filed in Parliament Next Week
The tax reform plan and the security reform plan will be filed in Parliament next week, said Finance Minister Euclid Tsakalotos, in a press conference with Finance Minister George Stathakis and Labor Minister Giogros Katrougalos.
The goal is for both...
Economy
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...
Economy
Foreign Investors in Greece’s Banks Will Seek Reassurance from Greek Government in Upcoming Visit to Athens
According to the Greek financial newspaper Kefalaio, foreign investors holding large Greek bank shares are due in Athens on February 28th for a series of meetings with high level Greek officials, which include Prime Minister Alexis Tsipras.
According to the same source,...