Fitch: Greek Bad Bank Potentially Positive, Likely Insufficient

April 7, 2015 2:16 PM

56 0

(The following statement was released by the rating agency) LONDON, April 07 (Fitch) The Greek government's intention to create a "bad bank" is a positive step towards achieving reform because it recognises that high volumes of non-performing loans (NPL) are impeding new lending, Fitch Ratings says.

Nevertheless, banking sector reform proposals included in a broader package presented to eurozone partners on 1 April 2015 appear insufficient relative to the scale of the problems faced by Greek banks, despite potential benefits for banks' asset quality and liquidity. The package describes banking ...

Read more

To category page

Loading...