Better management of NPLs will free capital to the real economy
- Written by E.Tsiliopoulos
An efficient management of non-performing loans -particularly business loans- could become a determine factor in the sustainability of enterprises in multiple ways, National Bank's chairman Luca Katseli said.
Addressing an event organized by QualityNet Foundation to present a Greek Sustainability Code, Katseli said that freeing capital currently put aside to absorb possible damages and channeling them to the real economy was a driving force to boost investments, restart viable business units and increasing productivity in the country.
The Greek banker noted that channeling funds to the real economy under sustainability terms, required the development of new innovative funding tools, adjusted to the needs and particularities of each market, or sector.
Related items
-
Think Silicon is designing the next Artificial Intelligence chip in Greece
-
Delphi Economic Forum kicks off in Athens on Monday
-
Greece assumes one-year Presidency of the International Holocaust Remembrance Alliance (IHRA)
-
Mitsotakis-Tsipras disagreement regarding the vote right for Greeks abroad
-
Tsitsipas beats Djokovic 2-1 in Shanghai Masters in China
Latest from E.Tsiliopoulos
- More than 1700 vessels cross Corinth Canal in the month after reopening
- Egyptian media cite joint 3-way bid by Greece, Egypt, Saudi Arabia for 2030 World Cup
- Athens: Syntagma Square renovation almost done
- Foreign Ministry responds to Turkish rhetoric regarding Thrace Muftis
- The contract for the restoration of Tatoi Palace was signed