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  • European Central Bank aiming to reduce Greek NPLs by 50%

    The meeting between the Minister of Finance Euclid Tsakalotos and the chief of the…

    The meeting between the Minister of Finance Euclid Tsakalotos and the chief of the SSM’s Supervisory Board Danièle Nouy in Frankfurt lasted about an hour and a half.

    According to reports, the prospects of the Greek banking system, following the most recent recapitalization and management of non-performing loans, were at the top of the agenda.

    The aim of the European Central Bank is for NPLs to drop to 50%, following the recent legislative reforms on their management, which allows them to be sold on to third parties.

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