21 April 2020EditorsComments Off on Stournaras; a bad bank must be set up quickly. NPEs expected to increase by as much as 11% in 2020
ECB officials, worry that the lock down due to coronavirus pandemic and the subsequent recession will trigger another surge in non-performing loans (NPLs). Bank of Greece reportedly expects NPE ratio to climb by 4%-11% due to Covid-19 crisis.
3 April 2020Konstantinos PapagrigorisComments Off on The extension of primary residency protection until the end of the year, puts a halt to banks and servicers
* Current legal framework for the protection of primary residences an extension until the end of 2020.
NPL rate still high at 40,3%. ***In total NPLs of 10.06 bill.euros are under legal protection. ***
29.7% of mortgages NPLs are now under a legal protection scheme.