Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
APS option to help banks with bad loans seen gaining ground
Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
Banks submit new NPL targets to SSM, with sales leading way in reduction drive
Mortgage loans a key piece of NPL reduction puzzle
Card transactions in Greece experience boost due to capital controls
Moody’s changes outlook for Greek banks from negative to stable
In a report released on Tuesday, Moody’s upgraded Greek banks’ outlook to stable from negative on the back of improving profitability and funding, which are expected to normalise from a very weak base.
Greek bank’s capital ratios remain sound, with the Common Equity Tier 1 (CET1) ratio at around 17 percent, but half of it is in the form of deferred tax assets (DTAs), which is considered to be lower quality capital, according to Moody’s.
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