Loans Non-Performing

The Fitch credit rating agency has upgraded the long-term IDR’s of Alpha Bank and the National Bank of Greece to CCC+ from RD, and of Eurobank and Piraeus Bank BOPr.AT to CCC from RD. Fitch also upgraded the short-term IDRs of all four systemic banks, to C from RD. Fitch said that the upgrading came […]

The markets are aware of the weaknesses of the Greek banking system, and the potential problem of capital adequacy that can be encountered, as the target of a swift reduction of NPLs cannot be achieved without losses.