The first line of action is associated with the strengthening of the existing legislative and regulatory framework governing the management of NPLs.
At an operational level, Greek banks now have: set up specialized units for the management of non-performing loans; established clear criteria for the transfer of non-performing loans to these units; adopted the necessary internal procedures and manuals; finalised proper segmentation of non-performing loan portfolios; developed a range of short- and long-term loan restructuring options.