NBG Plans New Non-Performing Loan Structure
Yesterday, the National Bank of Greece bestowed a brand new structure to assist Hellenic banks in non-performing loans.
The framework is part of a new game plan to reconstruct the financial mechanism, after gaining recent banking strides. The executive commission of the National Bank of Greece determined the: "Framework of supervisory obligations for the management of delayed and non-performing loans".
These include reconfiguring household debt, further borrower guarantees, leases and purchasing of property assets, loan selling and/or transferring to a different banking institution, trading mortgage loans for a different loan in a smaller amount and liquidating guarantees, as reported by ANA-MPA. The new Greek banking structure will be implemented on December 31st.
Related items
-
Greek companies take EU lead in innovation
-
Greek, Italian, French, and Cyprus defense ministers meet in Brussels
-
Nouriel Roubini: World War III has begun -Erdogan may invade Greece next year
-
EDA chief Jiří Šedivý: Joint procurement of military hardware for EU states
-
PLAY to fly from Athens to Iceland and USA from June 2023