The Greek NPL Management Summit is set to return for its 8th Edition on May 24th at the Divani Caravel Hotel, Athens. The sector’s most prominent event in Greece brings together the leading servicers, debt buyers, investors, advisors and industry regulators from Greece and across Europe, all with a vested interest in the development of the Greek market.

The four systemic banks are on track to achieve an astonishing NPL ratio of close to 5% by the end of the year (estimated by CEPAL CEO). Together, they account for 80% of the Greek commercial lending market. Assuming they achieve their NPL targets in 2022, the residual NPL stockpile will be around €16 to €18 billion (Bank of Greece). Future NPL sales are expected to emerge with a brief delay from last year’s expiry of the government-imposed moratoria on loan repayments.

This progress is shadowed by the prospect of a new wave of NPEs as per estimations from the Bank of Greece. Adverse developments post-CID, sky-high inflation levels since the beginning of the year, expected to be boosted even further by the war in Ukraine are key disruptive factors to the economy which will come into play.

An expected 250 attendees will gather at this not-to-be-missed event to discuss the critical issues, share best practices and highlight the directions the Greek NPL market will be taking in Q3/Q4 and beyond.

Conference website