BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Greece draws strong interest, attractive yield by re-opening 10-year bond
Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
OECD releases new outlook calling for sustained reforms post Covid-19
BoG highlights how Covid-19 compounds legacy issues and structural challenges
Greece issues new 10 yr bond as investor appetite returns
BoG underlines progress in NPE reduction but stresses need for systemic solution
In its annual report published on Monday, the Bank of Greece (BoG) provided an update regarding Non-Performing Exposures (NPE), which is the major challenge for the domestic banking system and in which the BoG has taken an active role by leading an initiative for a more systematic approach to improving banks’ balance sheets.
At the end of last year, NPEs stood at a total of 81.8 billion euros, which was 12.7 billion lower compared to the end of 2017, and 25.4 billion below their peak in March 2016.
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