A. Endria advocates the set up of a bad bank

The Bank of Greece is working on a plan for the creation of a “bad bank” to which all nonperforming loans (NPLs) of banks will be transferred. Still, as reported by the FT, the EC recently rebuffed an ECB proposal for a euro zone-wide bad bank.

In an interview with Bloomberg, referring to the bad bank option, Prime Minister Kyriakos Mitsotakis said: “it’s one option, but I don’t think…

Eurobank’s  CEO Fokion Karavias estimated that Greek NPEs will increase due to the pandemic but the problem will be lower compared to the 10-year crisis and manageable.