NPLs

Despite a housing shortage in urban areas, Greek banks and servicers in the country hold residential property with a book value of more than eight billion euros

The country has 3.3% compared to the Union’s 1.9% average in the first quarter of 2024, according to a study by OCTANE Management Consultants, an Athens-based business consulting and services firm.

Resolved private sector cases correspond to a nominal value of 518 million euros, according to finance ministry figures

A closely watched draft bill on Non-Performing Loans (NPLs) was passed by Greece’s Parliament on Monday afternoon, with the 158 deputies of ruling New Democracy (ND) party only voting in favor. Voting against were 139 deputies from opposition parties. Three MPs did not vote. The legislation incorporates EU Directive 2021/2167 into Greek law. Opposition parties […]