BoG urges banks to improve quality of capital, re-doubles SPV efforts

EconomyBanking Tags: Banking, BoG
Photo by MacroPolis
Photo by MacroPolis

In its latest financial stability report published on Thursday, the Bank of Greece (BoG) took stock of the various positive developments and encouraging signs for the economy and banking sector, while highlighting the challenges for systemic local banks, emanating from the quality of the loan portfolio and the composition of the capital structure that largely constitutes of deferred tax credits (DTC).

BoG notes that throughout 2019 economic sentiment has been improving and that this has reflected positively on the country’s banking system, leading to the complete lifting of the capital controls that were introduced in the summer of 2015 and were grad...

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