Return of deposits up to 25 bln euros possible

Addressing an event organized by the Hellenic Observatory of London School of Economics and Hellenic Bankers Association - UK, the Greek banker said that non-performing loans will begin falling from the first quarter of 2017 -unless there are any negative surprises in the Greek economy- something confirmed by prevailing trends in NPLs. He noted that it should be clear that reversing a trend in NPLs was not only related with their management by the banking system -which is necessary- but from the return of the country to a sustainable growth path, lifting capital controls and accessing capital markets.
 Referring to the Greek economy, Karamouzis said that the government was implementing a third adjustment program with success in several fronts, such as privatizations.