The Greek banking system has improved significantly in the last few years even though some special issues still remain, Elke Konig, chair of the Single Resolution Board said in an interview with “Naftemporiki“, a Greek daily financial newspaper, according to ANA.
Konig noted that some problematic assets from previous crises and a big rate of non-performance loans in banks’ balance sheets were the basic challenges for some Eurozone member-states. She added that a recent lifting of legal, court and administrative hurdles in the management of NPLs, combined with the creation of a secondary market for the servicing and selling of NPLs are considered to be a welcoming measure.
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