Bank of Greece publishes revised Code of Conduct for management of NPLs

EconomyMacroeconomy Tags: Banking, BoG, NPLs
Photo by MacroPolis
Photo by MacroPolis

Bank of Greece published on Tuesday evening the revised Code of Conduct for the management of non-performing loans (NPLs) held by individuals and very small businesses (with turnover less than 1 million euros).

The code outlines general principles of behaviour and adopts best practices for banks and borrowers, with the aim of finding settlement solutions that take into account the capabilities and particularities of each borrower.

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