Christos Staikouras Archives - NPL Confidential

Τhe Government’s program to subsidize loan payments for those hit by pandemic

1 May 2020 Konstantinos Papagrigoris Comments Off

Only 3,198 applications had been submitted from 90,000 potential beneficiaries of the existing protection law. For the same period, ie from July 2019 to March 2020, about 210,000 loans were restructured in negotiations between loan holders and banks and loan managers.

10% GDP contraction puts NPL secondary market to a bumpy road

14 April 2020 Editors Comments Off

A prolonged recession in Greece will surge defaults and bad loans. A negative impact is also expected on the secondary NPL market. European Commission and the IMF forecast a 10% contraction this year.
Greek banks still carry most of NPLs in their balance sheet.