Representative of Greece's four systemic banks - Alpha, Eurobank, Piraeus, and National Bank of Greece - are holding their second meeting in a week this evening with the government's economic team at the PM's office.
The focus of the meeting will be a new law establishing the framework for the protection of debtors' primary homes from foreclosure.
Banks are expected to sell more unserviced corporate loans in 2018 and 2019, in their effort to achieve nonperforming loan reduction targets, according to the Monetary Report that the Bank of Greece published on Monday. The report found that while the sale process is continuing, the pace has slowed.
Authorities are considering a proposal that foresees banks being offered collateral for nonperforming loans through a special investment vehicle for their immediate capital relief and the efficient tackling of the bad-loan problem. Kathimerini understands that a study to that effect has already been processed by the Hellenic Financial Stability Fund.