February 27, 2019 12:43 pm

Greek banks must accelerate NPL sales

Greek banks non-performing loan rate stood at 46.7 percent last September. Martin Czurda, the chief executive of bank rescue fund HFSF told Naftemporiki newspaper on Monday, that the financial insitutes in Greece must get their non-performing loan rate to below 10 percent of total loans to return to be competitive again. “An NPE ratio at least lower than 10 percent is necessary for banks to become competitive again and return to a path of sustainable growth,” he told the paper in an interview. Reuters



This post was written by Jens Secker

(Image rights: istockphoto.com/narvikk)

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