Banks focus on defining challenge of reducing NPEs

EconomyBanking Tags: Alpha, Banking, BoG, ECB, Eurobank, NBG, Piraeus
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Having breathed a sigh of relief following the conclusion of the stress test exercise, which did not indicate any need for raising significant additional capital, Greek banks can now continue without any distractions to tackle the major challenge of de-risking their balance sheets by reducing the number of non-performing exposures (NPEs).

According to the latest available data from Bank of Greece (BoG) and the banks’ financial statements, 2017 was a successful year in meeting the NPE reduction targets but the reduction plan is backloaded and targets are steeper this year and next.

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