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Non-Perfoming Loans (NPLs)

Eurobank sells NPLs portfolio of unsecured consumer loans worth 1.1 billion euros

Eurobank Ergasias S.A. on Tuesday announced it has reached an agreement with the consortium of B2Holding ASA and Waterfall Asset Management, to sell a non-performing loan portfolio of total unpaid principal 1.1 billion euros (of which 1 billion is on balance sheet) and of total face value from ancillary charges of 2 billion euros.

Euclid Tsakalotos: Greek banks are in a very good position

"Greek banks are in a very good position, adequately capitalized and face challenges that they can cope with. The challenge of non-performing loans is absolutely manageable," Greek Finance Minister Euclid Tsakalotos said on Thursday.

IMF pushes for tougher foreclosures law to tackle NPLs

The International Monetary Fund (IMF) said that it expects economic growth in Cyprus to pick up at 4 per cent this year and 4.2 per cent next year even as risks related to the high-stock of non-performing loans undermine the economy’s…