In Greece, among other southern Europe countries, 53% say that debtors in financial difficulties is going to be one of their top three payment challenges over the next year – the highest across all regions, and well above the European average . The situation is not expected to improve. Six in 10 businesses expect the risk of late payment to increase over the next 12 months.
Τhe BoG Governor, after pointing out the wrong assumptions adopted by Deloitte, advised banks to wait for the amended version of the bankruptcy code to be presented by the government and assured them that the BoG will continue to actively participate in talks aimed at improving provisions of the bill.
Greek banks Greek banks will undertake the reduction of NPEs by about 30 billion euros for next year . Given that the recovery rate of sour loans is now very low, and regardless of whether and when Stournaras’ bad bank gets off the ground, the above leads to the conclusion that the reduction of bad loans in the year coming up will pass through the secondary market.