Banks enter final quarter with high hopes for bad loan reduction while challenges remain
Commission gives go-ahead for APS to reduce NPL pile
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
Banks highlight areas of concern in talks on NPL scheme
The Finance Ministry has redoubled its efforts to get over the line the Asset Protection Scheme (APS), codenamed Hercules, that is meant to help Greek systemic lenders reduce the stock of NPEs on their books by up to 30 billion euros through state guarantees on securitisations.
Finance Minister Christos Staikouras chaired a meeting on Thursday, in which his deputy minister, responsible for the financial sector Giorgos Zavvos and the CEOs of the four banks met to iron out the issues that arose during recent weeks, when Greek ba...
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