Displaying items by tag: npl

The Finance Ministry's 'Hercules' plan for non-performing loans (NPLs) at Greek banks was approved by the Parliament plenary on Thursday, based on the votes of the ruling New Democracy.

The "Hercules" plan is an important systemic solution towards reducing non-performing loans. But the issue does not end here, as the plan will help to settle NPLs worth around 30 billion euros from a total of 75 billion, leaving another 40 billion euros, Bank of Greece's governor Yannis Stournaras said on Tuesday.

The Greek government is attempting to make use of the EUR 37 billion pillow to help banks try to reduce their “red” loans in their portfolios.