HFSF presents action plan on large corporate loan restructuring, says NPEs reached 103 bln in 2015

EconomyBanking Tags: Banking, HFSF

Greek banks’ non-performing exposures (NPEs) in Greece reached 103 billion at the end of 2015, Aris Xenofos, CEO at the Hellenic Financial Stability Fund (HFSF), revealed on Tuesday.

The last memorandum of understanding (MoU) mandated HFSF to present a non-performing loan (NPL) resolution action plan to enhance coordination among banks for common borrowers and accelerate the restructuring of viable, albeit distressed, large corporat...

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