ENGLISH EDITIONHercules bad loan plan not a panacea to sector woes, Moody's tells BusinessDaily.gr
"The scheme itself is not a panacea for resolving the asset quality problem in the banking system, given that we estimate only up to around 36 billion euros of NPEs can be dealt with through this scheme compared to around 71 billion euros of outstanding NPEs in the system as of September 2019," Nondas Nicolaides, Vice President – Senior Credit Officer at Moody’s Investors Service, told Business Daily.