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Handelsblatt: Greece Has Received €256 billion in Loans Since 2010

German news daily Handelsblatt, taking a look at the Greek economy, has come to the conclusion that despite the obscene amount of loans the...

Stournaras: NPL Sales Speedup Crucial for Greek Banks

Greek banks have shown progress in tackling a stockpile of non-performing loans, Bank of Greece governor Yannis Stournaras said on Friday, but added that...

ECB Move to Ask for 100% Coverage of NPLs to Hurt Greek Banks

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...

Greek Banks Writing-off More NPLs Due to Increase in Bad Loans in 2017

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...

Stournaras: Greece Needs to Urgently Address Non-Performing Loans

About one in six businesses in Greece are late in payments, Bank of Greece Governor Yannis Stournaras said on Thursday, addressing an audience at...

Online Auction Platforms for Repossessed Properties to Be Launched in Greece

There is an abundance of properties that have come under Greece's four systemic banks over the past few years as bad loans have led...

2016 Set New Record High for NPLs Written-off By Banks

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...

Banks Concerned About January’s Spike in Non-performing loans

Banks are becoming increasingly concerned about Greece's sudden rise in new bad loans since Janauary of this year. Banks sources have reported that the spike...

Stournaras Warns of Penalties for Banks With Non-performing Loan Exposures

Bank of Greece's Yannis Stournaras has issued a stern warning to banks over non-performing loan (NPLs) exposures. On Monday a published interview with the Financial...

OECD Reports: Greek Economy Has Rebounded Second Half of 2016

Economic growth has rebounded in the second half of 2016 and it is projected to gain strength in 2017 and 2018 as structural reforms...

SSM Nouy: Prioritizes Settling Corporate NPLs Before Primary Residences

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...

Dragasakis: Debt Relief Is ‘Key’ to Greece’s Financial Recovery

The government is continuously requesting debt relief for Greece, government vice-president Yiannis Dragasakis said on Tuesday while speaking at a conference of the Greek Tourism...

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