Commission gives go-ahead for APS to reduce NPL pile
Banks highlight areas of concern in talks on NPL scheme
Athens looks to overcome APS snags as it awaits green light from Brussels
Loans under credit servicing firms drop 0.7 pct QoQ to 17.45 bln
Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
H1 bank results show performance stabilising, laying ground for further improvement
Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
Following weeks of uncertainty and pressure on the banking sector, which climaxed in a big drop in bank share prices on Wednesday, there have been reports of efforts to provide the Greek lenders with assistance.
The Greek authorities along with Bank of Greece, the Hellenic Financial Stability Fund (HFSF) and European institutions are reportedly working on plans to accelerate the reduction of bad loans from the banks’ books by assuming part of the non-performing...
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