trending Market Intelligence /marketintelligence/en/news-insights/trending/I3p_BXSh_V2pWG7vRux-sQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Greece working on additional plans to assist banks in reducing soured debt

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Greece working on additional plans to assist banks in reducing soured debt

Greece is working on another plan to help local banks reduce their nonperforming loans, in addition to the country's European Commission-approved asset protection scheme, Bloomberg News reported, citing Greek Finance Minister Christos Staikouras.

Staikouras, speaking to the newswire in an interview, said Greece is seeking "realistic, innovative and efficient systematic solutions" to eventually reach single-digit NPL ratios. The government is in talks with European creditors to see if it can use proceeds from Greek bonds, which were purchased by central banks, for investment purposes instead of debt repayments.

The state's bad loan ratio stood at 39.2% at June-end, while the "big four" Greek lenders — Piraeus Bank SA, Eurobank Ergasias SA, National Bank of Greece SA and Alpha Bank AE — still have over €80 billion of toxic debt on their balance sheets between them, according to S&P Global Market Intelligence data.

The banks have to reduce NPLs by about €50 billion by 2021-end to meet regulatory targets, the report said.

Earlier in October, the EC approved Greece's Hercules project, similar to Italy's GACS scheme, which could reportedly lower banks' soured debt stocks by €30 billion. The Greek government has yet to pass it into law.