BoG governor renews calls for launch of bad bank and ESM use

EconomyBanking Tags: Banking, BoG, NPLs
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Last week, Eurobank submitted the final arm of its securitisation, Cairo III, to the Hercules scheme. 

Other banks had been planning to submit portfolios to Hercules when it was launched, but those plans now look likely to be put on hold due to the coronavirus. So far, Eurobank remains the sole Greek systemic bank to have taken up the scheme. 

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