{
  "title": "Greece: Financial System Stability Assessment",
  "publication": "IMF Staff Country Reports, May 27, 2026",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2026/05/26/greece-financial-system-stability-assessment-576354",
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  "summary": "The first Financial Sector Assessment Program (FSAP) of Greece since 2006 has found risks to financial stability were low prior to the start of the war in the Middle East and remain manageable.",
  "sections": [
    {
      "heading": "Major Findings",
      "content": "- The first Financial Sector Assessment Program (FSAP) of Greece since 2006 found risks to financial stability were low prior to the start of the war in the Middle East and remain manageable.\n- The Greek financial system has experienced significant consolidation since the Greek Sovereign Crisis and is dominated by four systemically important (SI) banks.\n- These SI banks underwent major asset cleanups through the securitization and sales of non-performing loans (NPLs) since 2019.\n- The SI banks now enjoy strong balance sheets, profitability, and liquidity on the back of low-cost deposit bases and loans to domestic non-financial corporates (NFCs).\n- Mortgage and SME lending markets remain limited, partly due to the slow pace of resolution of the large stock of NPLs now managed by credit servicers.\n- Other non-bank financial institutions (NBFIs) play only a limited role in the Greek financial system."
    },
    {
      "heading": "Key Statistics and System Structure",
      "content": "- Four systemically important (SI) banks dominate the system.\n- NPL stock managed by credit servicers: approximately 2.9 million loans from 2.4 million borrowers.\n- Population referenced: 10.4 million people.\n- Publication length: 55 pages.\n- Volume: 2026.\n- Issue: 110.\n- Series: Country Report No. 2026/110.\n- DOI: https://doi.org/10.5089/9798229047791.002\n- Stock No: 1GRCEA2026003\n- ISBN: 9798229047791\n- ISSN: 1934-7685"
    },
    {
      "heading": "Thematic Coverage and Subjects",
      "content": "- Anti-money laundering and combating the financing of terrorism (AML/CFT)\n- Credit\n- Crime\n- Financial institutions\n- Financial sector policy and analysis\n- Financial sector stability\n- Money\n- Nonperforming loans\n- Stress testing"
    },
    {
      "heading": "Keywords Emphasized",
      "content": "- Anti-money laundering and combating the financing of terrorism (AML/CFT)\n- bank recovery\n- coverage ratio\n- Credit\n- Financial sector stability\n- Global\n- insurance fund\n- liquidity indicator\n- Middle East\n- Nonperforming loans\n- Stress testing\n- stress tests\n\nInternational Monetary Fund. Monetary and Capital Markets Department, and International Monetary Fund. European Dept. \"Greece: Financial System Stability Assessment\", IMF Staff Country Reports 2026, 110 (2026).\n\n---\n\n Content in this bundle\n\n- Greece: Financial System Stability Assessment; IMF Country Report No. 26/110; May 20, 2026\n  - Greece: Financial System Stability Assessment; IMF Country Report No. 26/110; May 20, 2026 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Greece: Financial System Stability Assessment; IMF Country Report No. 26/110; May 20, 2026 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 27, 2026",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798229047791.002",
    "The first Financial Sector Assessment Program (FSAP) of Greece since 2006 found risks to financial stability were low prior to the start of the war in the Middle East and remain manageable.",
    "The Greek financial system has experienced significant consolidation since the Greek Sovereign Crisis and is dominated by four systemically important (SI) banks.",
    "These SI banks underwent major asset cleanups through the securitization and sales of non-performing loans (NPLs) since 2019.",
    "The SI banks now enjoy strong balance sheets, profitability, and liquidity on the back of low-cost deposit bases and loans to domestic non-financial corporates (NFCs).",
    "Mortgage and SME lending markets remain limited, partly due to the slow pace of resolution of the large stock of NPLs now managed by credit servicers.",
    "Other non-bank financial institutions (NBFIs) play only a limited role in the Greek financial system.",
    "Four systemically important (SI) banks dominate the system.",
    "NPL stock managed by credit servicers: approximately 2.9 million loans from 2.4 million borrowers.",
    "Population referenced: 10.4 million people.",
    "Publication length: 55 pages.",
    "Volume: 2026.",
    "Issue: 110.",
    "Series: Country Report No. 2026/110.",
    "DOI: https://doi.org/10.5089/9798229047791.002",
    "Stock No: 1GRCEA2026003",
    "ISBN: 9798229047791",
    "ISSN: 1934-7685",
    "bank recovery",
    "coverage ratio",
    "Global",
    "insurance fund",
    "liquidity indicator",
    "Middle East",
    "stress tests",
    "**Greece: Financial System Stability Assessment; IMF Country Report No. 26/110; May 20, 2026**"
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