Better management of NPLs will free capital to the real economy

An efficient management of non-performing loans -particularly business loans- could become a determine factor in the sustainability of enterprises in multiple ways, National Bank’s chairman Luca Katseli said.

Addressing an event organized by QualityNet Foundation to present a Greek Sustainability Code, Katseli said that freeing capital currently put aside to absorb possible damages and channeling them to the real economy was a driving force to boost investments, restart viable business units and increasing productivity in the country.

The Greek banker noted that channeling funds to the real economy under sustainability terms, required the development of new innovative funding tools, adjusted to the needs and particularities of each market, or sector.