The goal is to reduce NPLs by around 40 billion euros by end-2019. The targets set take into account the intrinsic characteristics of each bank’s portfolio, organization and capacity. At the same time, banks have developed tailored models to calibrate the operational targets, taking into account macroeconomic assumptions.
The key performance indicators are monitored on a quarterly basis through extended prudential reporting, and the Bank of Greece, to enhance transparency and market discipline, has committed to publish a relevant progress report every quarter.