Banks make steady progress on improving balance sheets via securitisations
Banks moving at pace on road to recovery
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NBG increases profits in H1 as it progresses with NPE clean up
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ECB clears banks after stress tests, approves change to DTCs as momentum builds
Busy Q2 for securitisations sees rise in bad loans managed by servicers
In the second quarter of the year (Q2), loans managed by Credit Servicing Firms (CSF) stood at 61.75 billion euros, according to data released by the Bank of Greece (BoG) on Thursday.
This reflects a close to 19 billion euros rise quarter-on-quarter, from 42.77 billion euros in Q1. In the end of last year, loans managed by servicers were 39.94 billion euros.
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