Greece

A move by the European Central Bank to ask eurozone banks to set aside enough cash to cover 100% of their non-performing loans (NPLs) over the next several years, is especially expected to hurt Greek banks. Eurozone banks are sitting on...

Bank sources have said that non-performing loans (NPLs) have grown as much as 2 billion euros since the beginning of 2017, ekathimerini.com reported. This growth in NPLs has left Greek banks in a position where they are now trying to write-off...

As the financial crisis continues to grip Greece, many borrowers of funds who have non-performing loans (NPLs) are opting to not restructure their debt and to instead wait it out. The banking sector is very sensitive to the bailout reviews,...

The focus of settling non-performing loans (NPLs) should be focused on corporate loans which have reached around 65 billion euros, not primary residences, according to the latest statements by the chair of European Central Bank’s Single Supervisory Mechanism (SSM),...

Seven funds expressed interest in managing Attica Bank’s mostly businesses' non-performing loans (NPLs), which amount to about one billion euros, according to sources on Tuesday. The same sources said the funds will also invest about 70 million euros to fully...

On Thursday, the government concluded the first round of negotiations with the institutions on the second program review, Finance Minister Euclid Tsakalotos said on Thursday, adding the heads of the institutions will return on November 14. According to a senior government...

There is a steep Greek debt in private loans in comparison with the country's GDP, the Greek newspaper Kathimerini reports. According to the news source, as they break it down the numbers are staggering. The amount that totals in expired private...

On Monday Moody's said that a reduction of non-performing loans and of operating spending by Greek banks was a "credit positive" move for banks. In its Moody's Credit Outlook, the credit rating agency said that the four largest Greek banks...

Non-performing loans are expected to rise further this year, the Bank of Greece said its review of the Greek financial system released on Tuesday. The central bank said that NPLs were expected to increase during 2016 depending on how fast...

The government is already drafting the bill to close the remainder of open issues prior to Greece's program review before the next Eurogroup on May 24, said government sources following the cabinet meeting headed by leftist SYRIZA Prime Minister...

The Greek government extended on Monday the current ban on selling non-performing loans (NPLs) to funds until May 15 through an amendment tabled by the economy ministry to parliament. According to the amendment, banks are not allowed to sell NPLs...

An efficient management of non-performing loans -- particularly business loans -- could become a determine factor in the sustainability of enterprises in multiple ways, National Bank's chairman Louca Katseli said. Addressing an event organized by QualityNet Foundation to present a...

The Cyprus economy has exited recession and is registering positive economic growth, which is projected to be maintained, President of the Republic of Cyprus Nicos Anastasiades has said. He noted, however, that the banking sector still has challenges to...

The Greek financial system remained strong throughout the Covid-19 pandemic, the Bank of Greece stated in its Financial Stability Review.

Greek Prime Minister Kyriakos Mitsotakis announced on April 22 five measures to lower taxes and social security contributions for the country, effectively a reversal of tax hikes imposed by the previous government. They are aimed at individual entrepreneurs, legal entities, businesses,...