Displaying items by tag: greek banks

In a surprising turn of events, the usually intractable International Monetary Fund (IMF) has abandoned its staunch position of demanding a complete overhaul of Greek banks through a detailed Assets Quality Review (AQR).

Fitch credit ratings agency has upgraded the Greek banks in light of the recent deal at the EuroGroup and the completion of the second review.

Greek banks met or exceeded the targets they set for reducing Non-Performing Exposures (NPEs), including loans past due more than 90 days (NonPerforming Loans - NPLs) at the end of 2016, according to a Bank of Greece report published on Wednesday.