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Tag Archives: APS

Fitch upgrades long-term Issue Default Ratings despite pressure on Greek banks

Fitch ratings agency upgraded the long-term issuer default issuer ratings for the four systemic banks of Greece despite the fact that they have come under strong pressure since last week. At the same time, a unit of the Fitch group warns of the risks if the Greek government implements an …

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Greece prepares a Bad Bank for red loans worth €20billion

The Greek government is working on the creation of an Asset Protection Scheme (APS), Finance Ministry officials confirmed late on Thursday. The APS scheme, a bad bank that is, aims to help local banks to get rid of their bad loans totaling 20 billion euros. The idea was submitted by …

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