NPL's
Economy
Yiannis Stournaras Says Greek Banking System Shielded and Views Greek Economy as Positive
Bank of Greece governor Yiannis Stournaras said the Greek banking system is shielded from developments at Deutsche Bank and there is no reason for concern. The BoG governor made this statement following a meeting with Prime Minister Alexis Tsipras...
Economy
Moody's: Reduction of NPLs 'Credit Positive' for Greek Banks
On Monday Moody's said that a reduction of non-performing loans and of operating spending by Greek banks was a "credit positive" move for banks.
In its Moody's Credit Outlook, the credit rating agency said that the four largest Greek banks...
Economy
Government Extends Ban on Sale of NPLs Until May 15
The Greek government extended on Monday the current ban on selling non-performing loans (NPLs) to funds until May 15 through an amendment tabled by the economy ministry to parliament.
According to the amendment, banks are not allowed to sell NPLs...
Economy
Bad Loans in Greece Hit $73.2 Billion
Buried under big pay cuts, tax hikes, and slashed pensions but pressed by banks to cover mortgages, loans and credit cards in full, 25 percent of Greeks have given up and stopped paying, driving the total of Non-Performing Loans...