Better management of NPLs will free capital to the real economy

10 April 2016
722 Views

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.

You may be interested

Coronavirus Greece: 2,215 new cases, 451 intubated, 32 deaths
GREECE
shares31 views
GREECE
shares31 views

Coronavirus Greece: 2,215 new cases, 451 intubated, 32 deaths

makis - Mar 05, 2021

Greece announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 2,215, of which 15…

Great city routes to explore on foot in Athens
ART
shares29 views
ART
shares29 views

Great city routes to explore on foot in Athens

Panos - Mar 05, 2021

Athens reveals its best charms to those who put one foot in front of the other! Whether you’re looking to…

Jerusalem Post: Turkey tries insulting Egypt, Greece in imaginary maritime deal – Analysis
DEFENCE
shares45 views
DEFENCE
shares45 views

Jerusalem Post: Turkey tries insulting Egypt, Greece in imaginary maritime deal – Analysis

Panos - Mar 05, 2021

Turkey has invented a new “reconciliation,” after attempts to spread propaganda stories of “reconciliation” with Israel failed last year. In…

Leave a Comment

Your email address will not be published.