MacroPolis

IMF adds to calls for no further delays to e-auctions

The International Monetary Fund has added its voice to those on the lenders’ side calling for the Greek government to ensure that electronic auctions are up and running as soon as possible, with the issue gradually becoming one of the defining aspects of the third review.

Banks enhance steps to deal with NPLs ahead of stress test

Greek banks ​will be able to bolster their protective measures against the large number of non-performing loans (NPLs) on their books ​under planned changes to the Code of Civil Procedure.

Credit contraction eases to 0.8 pct in Sept

The pace of credit contraction in the Greek market eased to 0.8 percent in September from 0.9 percent in August, Bank of Greece (BoG) figures showed on Thursday.

Eurobank raises 500 mln with covered bond issue

Eurobank became the second major Greek bank to return to the international markets with the issuance of a covered bond on Wednesday, its first since 2014.

Trust in Greek banking system shaky, survey suggests

Trust in the Greek banking system has been badly damaged by events of recent years according to a survey by Alvarez & Marsal on behalf of the Bank of Greece.

Back from the brink: What next for Greece's property market?

By: Omaira Gill

The story of Greece’s property markets trials and triumphs over the last few years reads like the pages of a dramatic novel. There was the mighty rise followed by a sudden and brutal collapse, to today’s market which is steeped in rumour and speculation.

Eurosystem funding falls by 3.58 bln in September

Greek banks’ Eurosystem funding fell once more in September by another 3.58 billion euros, Bank of Greece's (BoG) monthly financial statement revealed on Thursday.

Eurobank sells NPL package in attempt to reduce bad debt pile

Eurobank became the first Greek systemic bank to sell a package of non-performing loans (NPLs) as Greek credit institutions attempt to tackle non-performing exposures (NPEs) in excess of 100 billion euros in their balance sheets.

Athens relieved as ECB and IMF seem to reach understanding on Greek banks

Athens is hoping that a dispute between the European Central Bank and the International Monetary Fund (IMF) over Greek banks has been resolved, clearing an obstacle in the third review and easing the pressure the lenders have been experiencing lately.

Athens braces for review headwinds due to IMF demands, Berlin changes

The government’s focus on Wednesday appeared to be largely on developments outside Greece as it hopes to avoid possible headwinds during the third review.