Banks highlight areas of concern in talks on NPL scheme

EconomyBanking Tags: Banking, MoF, NPLs

The Finance Ministry has redoubled its efforts to get over the line the Asset Protection Scheme (APS), codenamed Hercules, that is meant to help Greek systemic lenders reduce the stock of NPEs on their books by up to 30 billion euros through state guarantees on securitisations.

Finance Minister Christos Staikouras chaired a meeting on Thursday, in which his deputy minister, responsible for the financial sector Giorgos Zavvos and the CEOs of the four banks met to iron out the issues that arose during recent weeks, when Greek ba...

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