APS option to help banks with bad loans seen gaining ground

EconomyBanking Tags: Banking, ECB, NPLs
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

Greek authorities appear to be edging towards the option of creating an Asset Protection Scheme (APS) to help banks reduce their stock of bad loans, developments this week suggest.

During the 10th Risk Management & Compliance Forum organised by the Hellenic Management Association on Thursday, the head of the Hellenic Financial Stability Fund (HFSF) Martin Czurda revealed that he held a meeting with Finance Minister Euclid Tsakalot...

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