Bank of Greece Sees Signs of New NPL Flows

ATHENS – Despite progress made by Greek banks in reducing their stock of non-performing loans, there is no room for complacency since early signs showed there are new flows of NPLs and an increase in the settlement of loans, Christina Papakonstantinou, vice-governor of the Bank of Greece said on Tuesday.

Addressing the 4th NPL Summit, Papakonstantinou stressed that the experience so far from the implementation of a new bankruptcy legislation was positive but not satisfactory, adding that the pandemic created malfunctions in certain mechanisms. She noted that it was of the highest importance from now on to use all legislative tools and to support debtors with a sustainable outlook.

Commenting on developments in the so-called secondary loan market, Papakonstantinou said that this market could – under some conditions – attract the interest of new investors. A total of 23 servicers are operating in the Greek secondary NPL market, with three of them accounting for 80% of a market valued at 123 billion euros (end 2021).


ATHENS - Surprised to suddenly discover that the European Union approved Turkey's request for a “Turkaegean” trademark covering its coast near Greek islands, Greece's New Democray government wants to find out how that happened.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.


Woman Fatally Shot while Pushing Stroller on Upper East Side

NEW YORK — A 20-year-old woman was fatally shot Wednesday night while she pushed her infant daughter in a stroller on the Upper East Side, police said.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.