Banks enter final quarter with high hopes for bad loan reduction while challenges remain
Commission gives go-ahead for APS to reduce NPL pile
Banks highlight areas of concern in talks on NPL scheme
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
Athens looks to overcome APS snags as it awaits green light from Brussels
Finance Minister Christos Staikouras was due to meet the CEOs of Greece’s four systemic banks on Thursday as the government appears to be stepping up its efforts to secure approval for the Asset Protection Scheme (APS) aimed at reducing the giant pile of NPLs on their balance sheets.
The meeting comes a day after Prime Minister Kyriakos Mitsotakis and some of his top ministers and aides held talks with outgoing European Central Bank president Mario Draghi in Athens. Draghi was in the Greek capital to be awarded by the Academy of Ath...
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