BoG stresses more work needed on NPE reduction, pushes bad bank idea

EconomyBanking Tags: Banking, BoG, NPLs
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The Bank of Greece (BoG) issued on Thursday its latest financial stability report, which includes data from the first quarter of 2020.

BoG notes the progress made so far by the systemic banks on the asset quality front. But it also highlights again the challenge of tackling the NPE problem, which combined with concern over the quality of banks capital base due to high reliance on defer...

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