Dealing with problem loans is a major issue for credit institutions in Greece. The settlement of the problem is a key factor to stabilizing the banking system. The new supervisory obligations framework, which has been in force since the beginning of June 2014 with the Act of the Executive Committee 42 / 05.30.2014 of the Bank of Greece (BoG), recognizes the need for credit institutions to develop integrated strategies for managing problem loans.
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