Nine-month figures (Jan-Sep 2015) show that the index gauging non-performing loans in Greece stood at 43.6 percent – totaling 89.3 billion euros – which marked an increase of four percentage points, compared to figures from December 2014.
The figures come as the Bank of Greece, domestic banks and the Single Supervisory Mechanism (SSM) are expected to unveil a mechanism to measure credit institutions’ performance in decreasing NPLs over the coming period.
Three-year targets are envisioned to reduce “bad loans”, with quarterly reports monitoring progress. The mechanism is included in the memorandum signed by the Greek government, with responsibility allocated to the BoG and the Hellenic Financial Stability Fund.
