S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
Improving trends in property market highlighted by central bank
BoG report outlines benefits of surveillance and scenarios for debt
Piraeus enters agreement for sale of 2.2 bln loan portfolio
BoG Monetary Policy Report positive on programme end but advises caution for future targets
The race to reduce Greece's bad loans
Greek banks stepped up write-offs in 2016, provisions increased at slowest pace since 2008
Greek banks stepped up the number of write-offs in 2016 compared to the previous years, the Bank of Greece (BoG) revealed.
Specifically, write-offs in the Greek market reached a record high of 2.54 billion euros in 2016, up by more than 1 billion from the 2015 figure of 1.46 billion. The previous high of 1.76 billion was recorded in 2014.
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