Διαχείριση μη εξυπηρετούμενων δανείων. Η περίπτωση της Ελλάδος
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Keywords
NPLAbstract
Effective debt enforcement procedures are vital to strengthen the payment culture, support the reduction of non-performing loans and improve access to new credit for households and businesses. The continued availability of bank finance is vital to support the sustained increase in economic growth, create jobs and improve living standards. In this context, the Greek government, in cooperation with the European Central Bank and other institutions, has implemented a comprehensive plan such as the one called 'Hercules' and the assignment of non-performing loans to management companies. The results and the environment around which the framework for the resolution of the Greek financial system focusing on NPLs was created are studied in this paper. The analysis concludes that the policies pursued are rewarding on an outcome basis as NPLs declined with the largest reduction occurring in the pandemic years 2020 and 2021 with 24 and 23 billion respectively. Apart from the policies another reason is the reduction in bank lending and the increase in credit rating measures for banks to assess their borrowers.