SSM Archives - Page 2 of 3 - NPL Confidential

Why the SSM keeps sounding alarm bells on NPLs

15 February 2024 Editors

Greek banks may be reassuring about the impact of new NPLs on balance sheets, however, the SSM has not stopped…

New SSM chair in Athens

15 January 2024 Editors

The new chair of the Supervisory Board of the European Central Bank (SSM) Claudia Buch and the President of the…

SSM concerned about bad debt due to high interest rates

10 October 2023 Editors

The SSM has recently put the domestic credit system on high alert, seeing that banks’ business plans for new…

ESM: A large part of NPLs unregulated, weighing on economy

16 June 2023 Editors

The European Stability Mechanism (ESM) focused in its Annual Report on loans that were taken off bank balance sheets but…

Europe’s achievement in reducing NPLs to 340 bln euros and the role of the SSM

6 June 2023 Phil Karametos

Andrea Enria mentioned the… feat achieved by the European banks, regarding their problematic portfolio, reducing bad debt to 340…

SSM: Bad debt in Greece drops to 10 bln euros from 105 bln euros in 2015

6 March 2023 Editors

The stock of bad debt in Greece has dropped to 10 billion euros at the end of 2022, based on…

SSM warns of NPLs and real estate

14 December 2022 Editors

The Single Supervisory Mechanism (SSM) has warned about new NPLs that may be created in certain sectors of the European…

These are the new capital relief measures by the Commission

29 April 2020 Editors

The Commission estimates that such measures will ceteris paribus enhance EU banks’ collective lending capacity by no less than EUR450bn, on top of EUR500bn from already announced regulatory measures.

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.