Fitch: Commission OK to 'Hercules' plan to reduce Greek banks' NPLs a credit positive event

Friday, 11 October 2019 22:56
UPD:23:00
INTIME NEWS/ΛΙΑΚΟΣ ΓΙΑΝΝΗΣ
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Fitch on Friday said the EU Commission's "green light" this week to a plan, "Hercules", for reducing NPLs burdening systemic Greek banks' balance sheets was a credit positive event.

The ratings agency forecasts that implementation of the plan will reduce NPLs, which, as it noted, today impede banks' capital, profitability and their capacity to extend credit.

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