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Banks: Progress made on NPLs and the challenges ahead
Editorial

Banks: Progress made on NPLs and the challenges ahead

1 March 2024 Editors

The Hellenic Banking Association (HBA) points out the significant progress that Greek banks have achieved in reducing bad debt, focusing,…

Bad debt turned around and heading back to banks
Editorial

Bad debt turned around and heading back to banks

23 February 2024 Editors

NPLs that have been cured by servicers and are being returned to banks is in the final stretch. In fact,…

Out-of-court process include debts from closed businesses
Highlights

Out-of-court process include debts from closed businesses

29 January 2024 Editors

Debt haircuts can reach up to 28% on loans with collateral, according to a Joint Ministerial decision that has been…

Banks to sell 2 bln euros of bad debt
Finance

Banks to sell 2 bln euros of bad debt

21 November 2023 Editors

Banks are putting a ‘for sale’ sign on bad debts amounting to 2 billion euros in an effort to further…

Banks: Three-point plan to deal with NPLs
Featured

Banks: Three-point plan to deal with NPLs

6 November 2023 Phil Karametos

Banks are implementing a three-point plan that will allow them to further reduce their stock of bad debt. As can…

Banks freeze loans, property auctions for flood victims until end of 2023
Featured

Banks freeze loans, property auctions for flood victims until end of 2023

14 September 2023 Editors

  The freezing of loans and auctions for households and businesses affected by the Daniel storm in the Thessaly region…

Banks and servicers resume sale of bad debt
Finance

Banks and servicers resume sale of bad debt

21 June 2023 Editors

Bank and servicers have restarted the sale of NPLs after a – relatively short – break imposed on the one…

Banks agree with Hercules III
Featured

Banks agree with Hercules III

13 June 2023 Editors

The agreement of both banks and servicers on the new extension to the successful Hercules scheme is now across the…

Banks: Goal is to reduce NPLs by 3.1 bln euros by 2025
Highlights

Banks: Goal is to reduce NPLs by 3.1 bln euros by 2025

15 May 2023 Editors

Banks appear focused on further reducing their stock of bad loans so that the NPLs index converges immediately with the…

Over 90 billion euros in loans managed by servicers
Experts

Over 90 billion euros in loans managed by servicers

15 May 2023 Editors

The total value of debt exposure managed by servicers amounts to 90.5 billion euros, with 74% relating to loans belonging…

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