Greece sets out plans for settling SME NPLs; mortgages to come

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Greece sets out plans for settling SME NPLs; mortgages to come

Economy 03/11/2014 - 17:54 Tags: Banking, NPLs

The outgoing Development Minister Nikos Dendias presented on Monday the much anticipated legislation on the settlement of corporate non-performing loans (NPLs).

MPs are due to vote on the bill by the end of this week. The proposed legal framework addresses NPLs worth 13 billion euros, relating to small businesses (SMEs) and sole proprietors with annual turnovers of less than 2.5 million euros each. Total corpor...

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