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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
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APS option to help banks with bad loans seen gaining ground
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Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
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Mortgage loans a key piece of NPL reduction puzzle
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Card transactions in Greece experience boost due to capital controls
Trust in Greek banking system shaky, survey suggests
The second intermediate step involves the full liberalisation of cash withdrawals for both individuals and companies in successive steps, along with an increase in the limit for overseas money transfers. The key conditions include faster improvement in all conditions described in the first intermediate step.
The milestones eventually leading to the full relaxation of capital controls involve strong confidence in the banking sector, reflected in an increase in deposits and bank access to markets for long-term financing. They also include continued NPE reduct...
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