Bank of Greece
Lenders have created their own units to deal with nonperforming loans and their merging would be difficult
By Yiannis Papadoyiannis
Sources from the Bank of Greece have categorically ruled out the creation of a single bad bank that would gather all the commercial lenders nonperforming loans (NPLs), which add up to some 35 percent of the total, under one roof.
As troika envoys held talks with a series of ministers on Friday to assess Greece's progress in enforcing economic reforms, Prime Minister Antonis Samaras called a meeting at the Maximos Mansion with his coalition partner Evangelos Venizelos as well as Finance Minister Gikas Hardouvelis and the latter's predecessor Yannis Stournaras who is now Governor of the Bank of Greece.
House prices in Greece posted the steepest decline in the eurozone during the first quarter of the year, as a comparison of data compiled by the Bank of Greece with figures published on Thursday by Eurostat indicates.
According to the country’s central ba... ...
By Stathis Kousounis
Total travel receipts in Greece posted a 17.3 percent increase in the first quarter of the year compared with the same period in 2013, according to data released by the Bank of Greece.
The total came to 471.4 million euros, while the number of visitors from abroad expanded by 15.4 percent to 1.3 million tourists.