Moody’s considers the reduction of NPLs ‘credit positive’

12 September 2016
113 Views

In its latest credit outlook, rating agency Moody’s underlined that the reduction of non-performing loans (NPLs) and operation expenses of Greek bank is ‘credit positive’, even though the damages from granting loans continues to draw a large section of bank profits.

The credit rating agency notes that during the second quarter of 2016 the accumulated non-performing bank loans decreased by about 375 million euros. In conjunction with lower operation costs, Moody’s expect the banks to return to making profits.

Provided that there will be political stability in Greece, Moody’s expects the NPLs to significantly drop over the next three to four years. This is due to the problems involved with foreclosures and the sale of NPLs.

You may be interested

What is included in the F-16 deal between Greece and the US
FINANCE
shares68 views
FINANCE
shares68 views

What is included in the F-16 deal between Greece and the US

makis - Oct 18, 2017

The Defense Security Cooperation Agency (DSCA) released details on the deal for the upgrading of Greece’s F-16 fighter jet fleet…

Only 23% Greeks see economic growth in EU, survey shows
GREECE
shares66 views
GREECE
shares66 views

Only 23% Greeks see economic growth in EU, survey shows

makis - Oct 18, 2017

According to a European Parliament survey, Greeks are skeptical about joining the EU and its benefits, with only 23% believing…

Amazing footage of live fire exercise of the Greek Army!
GREECE
shares52 views
GREECE
shares52 views

Amazing footage of live fire exercise of the Greek Army!

makis - Oct 18, 2017

The Hellenic Army released a video of just one of its military activities. The live fire exercise was conducted in…

Leave a Comment

Your email address will not be published.