Banks tout ambitious NPE plans to return to European mainstream

EconomyBanking Tags: Banking, NPLs
Photo by Angelos Christofilopoulos/Fosphotos
Photo by Angelos Christofilopoulos/Fosphotos

Greece’s banks have started what was set to be a difficult year for them by winning plaudits for their progress towards meeting tough goals for reducing the stock of non-performing exposures.

Last week Moody’s raised the outlook for Greek banks to “positive” on prospects of further reducing their bad-loan exposure with more securitizations, as well as gradually improving profitability in 2021-2022.

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