Nouy voices concern about impact of uncertainty on banks, rebuffs capital concerns

EconomyBanking Tags: Banking, ECB, Liquidity, NPLs
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

In an interview with Skai TV on Wednesday, the head of the Single Supervisory Mechanism (SSM) Daniele Nouy confirmed that the first two months of the year were “a little bit disappointing” regarding both the deposit flow and the evolution of non-performing exposures (NPEs) of Greek banks.

On the liquidity front, Nouy noted that hoarded cash has also been reduced, adding that “it is a bit early to draw conclusions” as both developments (deposit outflows and lower hoarded cash) could be “a temporary phenomenon” explained by payment of taxe...

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