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The race to reduce Greece's bad loans
EconomyBankingand unsecured overdrafts which have not been serviced for around 5 years, coming to a total of 1 billion
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBankingPiraeus Bank took another step towards reducing its pile of bad loans when it announced on Monday that it had entered into a binding agreement with APS Investments S.a.r.l. (APS) for the sale of a loan portfolio. The portfolio concerns the sale of a non-serviced unsecured consumer loans and credit
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Institutions wrap up talks with focus on NPLs, primary residences and budget
EconomyProgrammeto offer haircuts on mortgages that are not being serviced, while the state will be able to step
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammebe eligible. Initially, it was proposed that any mortgage that had not been serviced for three months
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BoG underlines progress in NPE reduction but stresses need for systemic solution
Economynot been serviced for more than 90 days but have not been denounced yet. Additionally, 14 percent
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Early IMF repayment next goal for Athens after concluding second post-MoU review
EconomyProgrammein reducing NPLs by loans being serviced following a state subsidy on the instalment. The scheme is also meant
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Changes to primary residence protection proposed in bid to draw more applications
EconomyFeaturesbe able to switch such mortgage payments from the category of bad or unserviced to serviced
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BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
EconomyBankinginterest income as those loans are not serviced. Potential benefits All these factors have significantly
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesserviced. Golden visas, Airbnb and tax breaks Two new drivers are commonly credited
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Banks end year with continued bad loan sales
EconomyBankingserviced up to the end of 2019, with Bank of Greece estimating total loans under moratoria at 21
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