ECB supervisory board head Nouy again reiterates need to reduce Greek banks’ NPLs

15 May 2018
734 Views

The head of the European Central Bank’s (ECB) supervisory board, Danièle Nouy, met separately on Monday with Bank of Greece (BoG) Gov. Yannis Stournaras and the top executives of Greece’s four systemic banks and the banking association’s leadership, with the credit institutions’ balance sheets under scrutiny.

According to banking circles who spoke after the meeting in Athens, nothing new was agenda of talks, the first such contacts after February 2018 “stress tests” on Greece’s thrice-recapitalized banks were concluded by the European Central Bank (ECB).

Nouy reiterated, as she has done many times before, that non-performing loans (NPLs) burdening Greek banks’ balance sheets must be reduced. As such the sell-off of NPLs portfolios should be stepped up, as well as assets.

In terms of the looming end of the third bailout in August, Greek banks will have to return to the market for inter-bank borrowing, a development that is expected to increase their operational costs.

You may be interested

New Covid-19 curfew maps – Who can move, why and when (alert maps)
GREECE
shares55 views
GREECE
shares55 views

New Covid-19 curfew maps – Who can move, why and when (alert maps)

makis - Oct 23, 2020

Deputy Minister of Civil Protection Nikos Hardalias presented the plan for workers and those eligible to freely move by exception…

Mitsotakis: Masks everywhere & curfew at night in the “orange” & “red” areas of the country
GREECE
shares63 views
GREECE
shares63 views

Mitsotakis: Masks everywhere & curfew at night in the “orange” & “red” areas of the country

makis - Oct 22, 2020

The obligatory use of a mask everywhere was announced by the Prime Minister Kyriakos Mitsotakis as the first measure to…

Coronavirus Greece: Explosive rise with 865 new cases, 331 in Attica & 181 in Thessaloniki
GREECE
shares75 views
GREECE
shares75 views

Coronavirus Greece: Explosive rise with 865 new cases, 331 in Attica & 181 in Thessaloniki

makis - Oct 21, 2020

The Greek authorities announced today 865 new cases of coronavirus in the country, of which 82 are associated with known…

Leave a Comment

Your email address will not be published.