S&P keeps rating at 'B+' and highlights obstacles to competitiveness
Fiscal data points to primary surplus of 4.4 pct in 2018, beating target of 3.5 pct
Dispute over pensions backlog as future burden from retirees highlighted
IAPR annual data shows growing tax pile and pressure on middle-income taxpayers
Central bank points out signs of recovery in business lending
BoG report notes challenges to Greek economy, issues warning over high fiscal targets
BoG underlines progress in NPE reduction but stresses need for systemic solution
In its annual report published on Monday, the Bank of Greece (BoG) provided an update regarding Non-Performing Exposures (NPE), which is the major challenge for the domestic banking system and in which the BoG has taken an active role by leading an initiative for a more systematic approach to improving banks’ balance sheets.
At the end of last year, NPEs stood at a total of 81.8 billion euros, which was 12.7 billion lower compared to the end of 2017, and 25.4 billion below their peak in March 2016.
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