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  1. Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets

    EconomyMacroeconomy

    Appearing before Parliament’s economic affairs committee on Monday Bank of Greece (BoG) Governor Yannis Stournaras presented the organisation’s monetary policy report, which was released a month ago, and provided an update on Greek banks’ loan quality a...

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  2. Bank of Greece report overviews lenders' profitability, urges drastic NPL management
    Photo by MacroPolis

    EconomyBanking

    The Bank of Greece (BoG) published on Tuesday an overview of the Greek financial sector, providing an update on the key developments and data over the past five years regarding banks’ profitability, loan quality and cards’ transactions. The report showe...

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  3. Second post-MoU review hinges on NPL plan and protection for primary residences
    Photo by MacroPolis

    EconomyProgramme

    An uncomfortable Euro Working Group meeting last week has left Athens with much to do in the coming days as it seeks to obtain the green light for the disbursement of the ANFA and SMP bond profits in March. According to reports, the institutions and eur...

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  4. Banks highlight areas of concern in talks on NPL scheme

    EconomyBanking

    The Finance Ministry has redoubled its efforts to get over the line the Asset Protection Scheme (APS), codenamed Hercules, that is meant to help Greek systemic lenders reduce the stock of NPEs on their books by up to 30 billion euros through state guara...

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  5. Commission gives go-ahead for APS to reduce NPL pile

    EconomyBanking

    The European Commission (EC) announced on Thursday that it approved the Greek plan, codenamed “Hercules,” for helping Greek banks remove up to 30 billion euros in non-performing loans from their books. The Commission concluded that under the proposed As...

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  6. Bridge scheme activated as banks look to avoid second-wave NPL increase
    Photo by MacroPolis

    EconomyBanking

    The ‘Bridge’ scheme for mortgage subsidies, which will subside up to 90 percent of payments from eligible individuals, has been activated as part of a number of mechanisms to relieve pressure on borrowers hit by the coronavirus pandemic. The scheme begi...

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  7. What is the state of play with Greek banks?

    Economy

    all aspects of non-performing loan (NPL) resolution policies and procedures. The outcome..., 2013. On the contrary, the key worrying aspect is the high level of domestic NPL ratio currently... for National. As an indication, a 1 percentage point increase in the Greek NPL ratio would result

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  8. Credit origination and transmission: Are Greek banks part of the problem or the solution?
    Photo by Harry van Versendaal

    Agora

    as NPLs (repayment delayed by more than ninety days) reaching 22.9 per cent. Such staggering NPL.... The NPL challenge and the deleveraging obligations facing Greek banks are major impediments to their current lending capacity. The effectiveness of NPL resolution policies will have to be assessed

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  9. BoG sees encouraging signs for Greek economy but warns on reforms

    Economy

    .” Greek banks The report unveiled that Greek banks’ non-performing loan (NPL) ratio rose to 31.9... a deceleration in the NPL formation (rate of NPL increase) to 0.7 percentage points (pp) in Q4 2013 compared... NPLs at 31.8 percent (from 23.4 percent) and housing at 26.1 percent (from 21.4 percent). The NPL

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  10. Eurobank reports net loss of 301.1 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    -performing loan (NPL) ratio rose at a decelerating pace to 31.8 percent from 30.9 percent in Q1. The segmental breakdown showed small business NPL ratio at 50.2 percent, consumer at 44.7 percent, corporate at 30 percent and mortgages NPL at 21.2 percent. More importantly, the NPL formation fell sharply

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