BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line

EconomyBanking Tags: Banking, BoG, NPLs
Photo by MacroPolis
Photo by MacroPolis

In the financial stability report it issued last week, the Bank of Greece (BoG) emphasised the need for banks to reduce significantly the stock of non-performing exposures (NPE) and improve the composition of their capital base, 60 percent of which consists of deferred tax credits (DTC) and inhibits the systemic credit institutions.

Halfway through the year, NPEs stood at 39.2 percent of loans which is far above the European Union average of 3 percent and the ECB-supervised institutions’ average of 3.6 percent.

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