IDEAS home Printed from https://ideas.repec.org/a/spd/journl/v72y2022i3-4p56-63.html
   My bibliography  Save this article

Greece: Banks. Servicers and the NPE's problem

Author

Listed:
  • Ioannis M. Papachristodoulou

    (University of Piraeus Department of Management & Business Administration)

  • Nikolaos B. Georgopoulos

    (University of Piraeus Department of Management & Business Administration)

Abstract

The purpose of this paper is to present all the determinants of non-performing exposures in Greece, as well as to present the cumulative solution of this problem through the strategic selection of securitizations. Non-performing exposures are a phenomenon that has a great influence on many sectors of a society, which makes its resolution an issue of major importance. Initially, there is a historical review of the causes of the birth of non-performing loans in Greece, which are located several years before the outbreak of crisis in the country. Then, there is the pick of non-performing loans during the crisis and the climate of pessimism that prevailed at that time, and then follows the presentation of the strategic choice of securitizations, as the most appropriate way to deal with them, judging by the result. Then, it presents a total record of all securitizations that have taken place in Greece, until December 2021. The main conclusions are, firstly, that securitizations gave the opportunity to Greek banks to take a deep breath and get rid of a very large volume of non-performing loans from their balance sheets, and secondly, the vital role of strategy nowadays in both the survival and growth of banks.

Suggested Citation

  • Ioannis M. Papachristodoulou & Nikolaos B. Georgopoulos, 2022. "Greece: Banks. Servicers and the NPE's problem," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 72(3-4), pages 56-63, July-Dece.
  • Handle: RePEc:spd:journl:v:72:y:2022:i:3-4:p:56-63
    as

    Download full text from publisher

    File URL: https://spoudai.unipi.gr/index.php/spoudai/article/download/2964/2744/2964-3954-1-SM.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Securitization; Greece; Banks; Servicers; Hercules;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spd:journl:v:72:y:2022:i:3-4:p:56-63. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SPOUDAI Journal of Economics and Business (email available below). General contact details of provider: https://edirc.repec.org/data/depirgr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.