The “Olympus-sized” mountain of non-performing loans (NPLs) in the country but also the latest developments concerning troubled Deutsche Bank reportedly dominated last week’s meeting between Greek Prime Minister Alexis Tsipras and Bank of Greece (BoG) Yannis Stournaras.
The “Olympus-sized” mountain of non-performing loans (NPLs) in the country but also the latest developments concerning troubled Deutsche Bank reportedly dominated last week’s meeting between Greek Prime Minister Alexis Tsipras and Bank of Greece (BoG) Yannis Stournaras.
The latter, according to reports, that a second review of the Greek program (third bailout) will not be affected by turbulence in Germany’s banking sector.
In directly referring to the NPLs problem, and especially in terms of individual borrowers, Stournaras said the key to resolving NPLs is for the latter to be “cooperative”, whereas the systemic banks can then propose any of the options offered in a “code of ethics” for working out NPLs between borrowers and credit institutions.