Greek banks meet NPE and NPL reduction targets in Q4 2016, mostly on write-offs

EconomyBanking Tags: Banking, BoG, NPLs
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

Greek banks met their non-performing exposure (NPE) and non-performing loan (NPL) reduction targets in the fourth quarter (Q4) of 2016, the second quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) revealed on Wednesday afternoon.

Meanwhile, the NPE coverage ratio edged up to 49.6 percent in December from 49.5 percent in September.

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