Ladies and gentlemen, The Bank of Greece, as you all know, has taken a series of initiatives to promote more rigorous and efficient management of non-performing exposures. It has also underpinned government efforts towards shaping and implementing a national NPL strategy.
In this regard, let me very briefly mention some of these Bank of Greece initiatives: •  The issuance of the Executive Committee Act 42/2014 on the supervisory framework regarding the NPE management by commercial and cooperative banks. •  The activation of the Code of Conduct, which provides guidelines regarding the interaction of credit and other financial institutions with borrowers in arrears.