Out-of-court workout bill prepared amid apparent concern from banks

EconomyProgramme Tags: Banking, NPLs, Reforms
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The Development Ministry tabled on Tuesday to Parliament’s legislative committee the draft bill on the out-of-court workout, which is also directly linked to the resolution of non-performing loans (NPLs).

Development Ministry sources rejected HBA’s proposals, stressing that the draft bill is the result of lengthy consultations and mutual compromises with the institutions and fully addresses the problems of both creditors and indebted companies.

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