European Central Bank aiming to reduce Greek NPLs by 50%

2 September 2016
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The meeting between the Minister of Finance Euclid Tsakalotos and the chief of the SSM’s Supervisory Board Danièle Nouy in Frankfurt lasted about an hour and a half.

According to reports, the prospects of the Greek banking system, following the most recent recapitalization and management of non-performing loans, were at the top of the agenda.

The aim of the European Central Bank is for NPLs to drop to 50%, following the recent legislative reforms on their management, which allows them to be sold on to third parties.

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