Theodore Mitrakos: Distressed loans in the Greek banking system - restructuring portfolios, reviving enterprises
By Bank for International Settlements (BIS)
He highlights the Bank of Greece’s recent supervisory initiatives—stricter NPE management rules, the Code of Conduct for borrowers in arrears, targeted on-site reviews, segmentation studies, new licensing rules for NPL servicers/acquirers, and upcoming operational reduction targets—framing them as the foundation of a national NPL strategy.
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