Moody’s says Greek banks can manage costs from new loan legislation

Rating agency Moody’s has estimated that while the impact of recent legislative intervention regarding loans under the Katseli law is not negligible for Greek banks, the associated costs remain manageable due to their robust capital position and significantly improved profitability in recent years.

In its report, whose findings were shared by Greek business outlet Newmoney, the agency stated that the change in the method for calculating interest on these specific loans is not expected to...