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Tag Archives: bad bank

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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Greek government considers creating a big “bad bank”

 Greek daily Imerisia reports that the Greek government is considering submitting legislation to create a bad bank to take non-performing loans off the books of Greek banks. The move would not only aid banks but give more time to those struggling to repay loans, according to the article. The paper …

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