BoG stresses need to avoid putting investment grade at risk

EconomyMacroeconomy Tags: Banking, BoG, GDP, NPLs
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

In its latest financial stability report published on Thursday, the Bank of Greece highlights the progress achieved in domestic banking and notes the challenges that lie ahead for the sector and the Greek economy.

The BoG notes that key metrics in Greek banking improved considerably, led by the drop in the NPE stock and ratio, to 8.7 pct of loans in the end of 2022, assisted by the Hercules APS. That said, the issue remains more acute in Greece, compared to a Eur...

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