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The index of non-performing exposures dropped to 48.5% at the end of the first quarter.
Banks should increase their sales of excess commercial credits between 2018 and 2019 to achieve the objectives of reducing non-performing exposures which, according to the Bank of Greece, are changing steadily but slowly
Total exposures have fallen to 48 , 5% at the end of the first quarter, and the total reserve of red-greening was limited to 92.4 billion, but as noted by the Bank, the decline, especially in the first quarter of 2018, in which banks are advancing and less in portfolio sales
The reduced contribution to the desired result is at the same time as auction balances, since they are still below the expected level. The goal is to reduce the amount of non-performing exposures to 64.6 billion euros by the end of 2019 and reach 35.2%
. the goal must be achieved, the percentage of red loans (35.2%), as noted by the Bank of Greece, remains high
The main reason is the downward revision of the rate of lending. Credit expansion as well as loan sales should be made by banks and which, although declining (19659003) In all cases, the high stock of red loans, observed by the Bank of Greece, is the most 39, one of the main determinants of the economy in 2018, as this hampers the financing of the real economy. Thus, despite clear progress recently, efforts should be intensified to free up development resources. According to the Bank 's estimates, the recovery prospects for bank financing are positive and the transition to a positive rate is possible in the current year, initially for companies and at a later stage for households. A positive sign is the recovery in trade, which after 5.5 years, systematically displays a positive funding rate in recent quarters. A positive sign is registered by both tourism and transportation, as opposed to industry, construction and agriculture, sectors that record a negative financing rate of banks. The Bank of Greece notes the gradual improvement in the liquidity of banks through deposits from either the repatriation of deposited notes, that is to say of the money that was in the coffers or the money entering the country for tourism. Over the last fifteen months, residents' investments in foreign financial badets have also been repaid, ie 1.7 billion euros of mutual funds and 1.8 billion euros in the year. euros of deposits. In order to save money to finance the economy, banks can also, according to the Bank of Greece, resort to the issuance of bonds. (f.fbq) return; n = f.fbq = function () {n.callMethod? n.callMethod.apply (n, arguments): n.queue.push (arguments)}; if (! f.fbq) f._fbq = n; n.pay = n; n.loaded =! 0; n.version = 2.0 & # 39 ;; n.queue = []; t = b.createElement (e); t.async =! 0; t.src = v; s = b.getElementsByTagName (e) [0]; s.parentNode.insertBefore (t, s)} (window, document, "script", // connect.facebook.net/en_US/fbevents .js & # 39;); fbq (& # 39; init & # 39 ;, & gt; 109138906120213 & gt;); fbq (& # 39; track & # 39 ;, "PageView");
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