DDC European Investment Summit Series, Greek NPL Market, Mountis-Delfi Partners
Published May 8, 2018
29 min
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    According to the European Central Bank’s Chief supervisor, Daniele Nouy, Greek banks need to do more to reduce their very high stock of non-performing loans.  Nouy indicated that NPLs are the biggest challenge facing the banking sector in the country which is set to exit its third international bailout in August.  European Central Bank regulators are attempting to shrink NPLs by 40 percent by the end of 2019.  The reductions will be driven by restructurings, collections, write-offs and loan sales.
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