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
Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
NBG remains profitable in Q2 with net results of 21 mln
Nouy voices concern about impact of uncertainty on banks, rebuffs capital concerns
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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