ECB Archives - Page 3 of 3 - NPL Confidential

ECB Waiver to accept Greek sovereign debt instruments as collateral in Eurosystem credit operations

8 April 2020 Christos Ziotis

The measures will not only enhance Greek banks’ liquidity position by 10 billion euros,and their NII,
but also benefit Greek Government Bonds themselves.

A. Enria : SSM will use Maximum Flexibility in Evaluating the Implementation of the ongoing plans to reduce NPLs

30 March 2020 Christos Ziotis

SSM : – will use maximum flexibility in evaluating the implementation of the ongoing plans to reduce past non-performing loans.
– Have eased capital and liquidity constraints.

ECB’s SSM consent to give banks more flexibility in NPE classification

23 March 2020 Christos Ziotis

Single Supervisory Mechanism, provided y banks with more flexibility on the classification of non-performing loans *** Capital relief amounts to €120 billion *** The ECB supports all initiatives aimed at providing sustainable solutions to temporarily distressed debtors***ECB understands that current NPEs targets are unrealistic.