This is how the new BoG’s bad bank plan will work

Eurobank’s  CEO Fokion Karavias estimated that Greek NPEs will increase due to the pandemic but the problem will be lower compared to the 10-year crisis and manageable.

“There has not been a material increase in delinquency but we do expect some increases in the future. The NPL…

The Bank of Greece is working on a plan for the creation of a “bad bank” to which all nonperforming loans (NPLs) of banks will be transferred. Still, as reported by the FT, the EC recently rebuffed an ECB proposal for a euro zone-wide bad bank.