Tag Archives: non-performing loans

“Greek economy is gradually returning to normality,” the governor of  Bank of Greece, Yannis Stournaras, said on Tuesday. Briefing the Parliament about the BoG interim report on Monetary Policy 2019. Among others, he stressed the need to deal with the high rates of non-performing loans and to reduce the primary …

Read More »

The economic prosecutors in Athens have pressed felony charges against 115 people, party officials and bank executives, for the loans conservative New Democracy and socialist PASOK received during 2005-2011. The non-performing loans amount over 400 million euros for both parties and were handed out without sufficient collateral, the prosecutors have …

Read More »

The Bank of Greece is reportedly drafting a plan to reduce non-performing loans of Greek systemic banks by 40 billion euros. The plan will be included in a Financial Stability report to be released by the end of the week, reports Athens news agency amna on Tuesday citing sources. The …

Read More »

Non-performing exposures (NPEs) of Greece’s banks have fallen by €4.7 billion to €95.7bn  or 43.1 percent of banks’ overall loan book, Bank of Greece the data had shown. This compares with a target of 48.5%, or €95.9bn. Greek banks have been under regulatory pressure to tackle the bad debt problem …

Read More »

The Greek government has sold to foreign funds mortgages held by civil servants worth more than 5 million euros. According to an exclusive report by daily Eleftheros Typos, the loans were sold to a foreign fund called ‘Grifonas Finance No1 PLC’ based in London. Borrowers now owe to the foreign …

Read More »

Greece’s European creditors have warned Athens that no funds would be released for the purpose of recapitalizing the Greek banking system if measures were not adopted to deal with the issue of the non-performing loans. According to newspaper “Kathimerini”, the institutions issued a stark warning that the Greek government would …

Read More »

Appointment of a Special Liquidator for all the credit and financial institutions under special liquidation The Bank of Greece, in implementation of a relevant provision of Law 4336/2015 and by virtue of Credit and Insurance Committee Decision No. 182/1/4.4.2016, has appointed PQH Single Special Liquidation S.A. as Special Liquidator for …

Read More »

And now the end is near…. and so they face the final curtain. My friend, I’ll say it clear,  they’ll state their case, of which they’re certain. They’ve lived a life that’s full, they’ve traveled each and every highway; And more, much more than this, they did it their way…. …

Read More »

Three people were arrested and police are seeking another four after the anti-corruption prosecutor issued at least 7 arrest warrants over suspected loans from Hellenic Postbank. The loans worth 400-500 million euro were given in the period between 2006 and 2011. Former CEO and bank staff, several Greek and Cypriot …

Read More »