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

12 September 2016
194 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

Recording video on mobile devices without consent is a felony
GREECE
shares8 views
GREECE
shares8 views

Recording video on mobile devices without consent is a felony

Panos - Apr 19, 2018

Capturing video or audio (chatting, conversations etc) on a mobile device without the consent of the interlocutor have been rules…

Foreign Policy: “Greece and Turkey are inching toward war”
DEFENCE
shares28 views
DEFENCE
shares28 views

Foreign Policy: “Greece and Turkey are inching toward war”

Panos - Apr 19, 2018

The relationship between Greece and Turkey has never been easy. The neighboring countries have been at war with each other…

BoG Gov. Stournaras: Precautionary credit line not a new memorandum
GREECE
shares13 views
GREECE
shares13 views

BoG Gov. Stournaras: Precautionary credit line not a new memorandum

Panos - Apr 19, 2018

Bank of Greece (BoG) Gov. Yannis Stournaras on Wednesday warned that if a precautionary credit line is not desirable after…

Leave a Comment

Your email address will not be published.