In particular, the authorities’ response to tackle the issue of non-performing loans comprised of three pillars: • Enhancement of the supervisory framework for the management of non-performing exposures (NPEs).
The Bank of Greece, in cooperation with the ECB Banking Supervision (the SSM), has issued supervisory guidelines for the internal management of NPEs and has agreed NPE operational targets with banks for the period June 2017 – December 2019, entailing a reduction of NPEs by 37%.