Andrea Enria

SSM head on the Greek banks

Greek banks will undergo capital stress tests in order to get the green light from the European Central Bank's supervisory mechanism to distribute dividends to shareholders, the head of the Single Supervisory Mechanism (SSM) board, Andrea Enria, told Kathimerini.

Stournaras meets with SSM’s Enria to discuss Greek banks

Bank of Greece Governor Yannis Stournaras met on Thursday with Andrea Enria, chair of the Supervisory Board of the European Central Bank's Single Supervisory Mechanism (SSM).

Enria met with Stournaras and other members of the Bank of Greece's administration, as well as with representatives of the managements of Greek banks and the Hellenic Bank Association.

Eurozone banks are still piling up new bad loans

Eurozone banks are still seeing a "high" number of loans go unpaid and borrowers declare default despite years of economic growth, the European Central Bank's top supervisor Andrea Enria said on Friday.
But Enria also praised the sector's "ambitious" plans to reduce a mountain of nonperforming loans (NPLs) inherited from the last recession.

Europe to improve disclosure of ‘bad loans’ for all banks

European authorities will prepare by the end of next year enhanced disclosure requirements on bad loans as part of an action plan to tackle the risk of non-performing loans (NPL).

EU economic and finance ministers (Ecofin Council) are expected to adopt today (11 July) a plan to decrease the high level of bad loans held by banks in member states.

Peripheral banks lead European shares lower after positive start

European shares turned lower on Thursday as banks in countries such as Italy, Greece and Spain resumed their recent downtrend.

Shares in peripheral banks have mostly been falling since the publication of the results of the European Central Bank's stress tests over the weekend.