The Bank of Greece will soon publish an aggregated summary report on the agreed targets and developments in selected key performance indicators. It is important that banks make swift progress with the resolution of the unprecedentedly high stock of NPLs and the restructuring of viable but distressed companies, thereby improving banks’ ability to support the economic recovery.
These efforts also require the development of an active market for non-performing loans. To this end, the law regulating the sale of loans needs to be fully implemented. Therefore, we look forward to the Bank of Greece issuing the first licences for loan servicing companies, which will play a key role in the sale of loans.