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
Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
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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