reduction
Bank of Greece drafts plan for the reduction of non-performing loans by 40 billion euros
The Bank of Greece is drafting a plan to reduce Greek banks’ non-performing loans by 40 billion euros. The plan will be included in a Financial Stability report to be released by the end of the week, according to sources.
Finance minstry examines an Asset Protection Scheme in its new bad loan reduction strategy
The government is examining the creation of an Asset Protection Scheme (APS), according to Finance Ministry officials.