The real estate sector has been under pressure, due to the coronavirus pandemic. Requests to owners to gradually lower rents have increased, for both retail stores and offices, as businesses are getting ready to tackle the consequences of the recession.
The completion, albeit delayed, of planned securitizations and at the same time, continued restructuring of NPEs through the “Split & Settle” program are the two key parts of the strategy being implemented by the management of the National Bank of Greece.
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