Banking

Possible risks to NPE reduction plan

Pau Labro Vila, Director of Financial Institutions at Fitch Ratings, told Kathimerini that nonperforming exposures of Greek banks will continue to decline to reach 25 percent by year-end, leading also to an improvement in the credit sector's profitability. However Fitch sees execution risks to banks' plans for the drop in the NPE rate to single digits in the coming years.
 

Three-month interbank offered rate rises to 3.18 ppa

Romania's three-month interbank offered rate ROBOR rose on Tuesday to 3.18 ppa, from 3.16 ppa, on Monday, according to data published by the National Bank of Romania (BNR). At the beginning of last year, the three-month ROBOR was 2.99 per year, and at the end of the year 2.18 pct. On the same day of 2019, the index stood at 2.20 per year.

Pages