May 8, 2018
The DDC Financial's European Investment Summit is being held on May 8th and 9th in Athens, Greece. Listeners can use code NSCM30 for a 30% discount when registering.
According to the European Central Bank’s Chief supervisor, Daniele Nouy, Greek banks need to do more to reduce their very high stock of non-performing loans. Nouy indicated that NPLs are the biggest challenge facing the banking sector in the country which is set to exit its third international bailout in August. European Central Bank regulators are attempting to shrink NPLs by 40 percent by the end of 2019. The reductions will be driven by restructurings, collections, write-offs and loan sales.
Joining the podcast to discuss Greek NPLs is Dr George Mountis, Managing Partner at Delfi Partners & Company. Delfi Partners specializes in corporate finance, strategy advisory, turnaround & restructuring, real estate asset management & NPL workouts.