BoG provides details of ambitious plans to slash NPLs via SPV

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

BoG governor Yiannis Stournaras has been active recently in presenting the aspects of the plan to Greek bankers and other banking stakeholders, including the finance ministry and the Hellenic Financial Stability Fund (HFSF).

The Greek Finance Ministry and HFSF are also working on a NPE management solution based on the Italian model of an Asset Protection Scheme (APS).

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