The IMF encouraged the authorities to work with European partners to find a solution for the weak  quality of bank capital, as Bank of Greece’s proposal to establish an Asset Management Company (AMC) has been shelved, 

The strategic goal of the bank is the zeroing of non-performing loans of the past within 2021.

Pandemic-created NPLs are manageable. The European Central Bank and the Single Supervisory Mechanism have not offered any evidence of an imminent explosion of NPLs.