GREEK BANKS NPLs

That protection commenced during the administration of former PM George Papandreou with a law drafted by then economy minister Louka Katseli (still known as the 'Katseli law') which provided protection for over-indebted households and came into effect in August, 2010.

The credit rating agency projected that the recent improved climate will lead to a hike in deposits, a gradual reduction of non-performing loans (NPLs), and improved prospects for profit.