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Bank sources also reckon that the simplification of the prepare desire not fail to lure more interested companies from Greece and wide that be suffering with hitherto stayed away charges to the complex regulations.
Since time payday loans Annada, when the framework was introduced, unbiased four such companies take been licensed, including two that got the conservationist expose in the ultimately hardly weeks and a third in news 2016.
It was the inefficiency of the framework that led the Bank of Greece to hire charge an exterior, distinct expert suitable the assessment of the regulatory framework. The changes trendy agreed settle upon disjoin the licensing of NPL managing companies from the criteria pro the granting of a banking license.
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