Bank of Greece Sets Out Policy on Handling Troubled Retail Loans
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The Bank of Greece proposed a slate of measures to help banks offer relief to troubled household and small-business borrowers, according to guidelines published in the official government gazette.
The proposals, which aren’t binding, are designed to help banks deal with their backlog of non-performing loans. The central bank will monitor whether Greek lenders follow the plan’s best practices, which include short- and long-term steps.