Throughout the year, the British pound has depreciated by 5.6% against the US dollar, the euro has depreciated by 5.7% against the US dollar, and the RMB has only depreciated by 5.8% against the same reference. Compared with the currencies of other developing countries, e.g. India, South Africa, Turkey and Brazil, ours is also stable.
Non-performing loans The high stock of non-performing loans (NPLs) on banks’ balance sheets remains the major challenge for Greek banks and a serious constraint on their lending capacity. Banks are using the 3/8  BIS central bankers' speeches  options provided by the improved legal and regulatory framework, which has removed significant institutional and administrative impediments to NPL reduction.