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Results 1 to 10 out of 219.

  • APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs

    EconomyBanking

    Greece’s much-anticipated Asset Protection Scheme (APS), nicknamed Hercules, that aims to help banks clean up their balance sheets is a few steps away from coming into effect after the Finance Ministry submitted the draft law to Parliament on Tuesday under the emergency procedure.

  • Photo by MacroPolis BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line

    EconomyBanking

    In the financial stability report it issued last week, the Bank of Greece (BoG) emphasised the need for banks to reduce significantly the stock of non-performing exposures (NPE) and improve the composition of their capital base, 60 percent of which consists of deferred tax credits (DTC) and inhibits the systemic credit institutions.

  • Photo by TP via Flickr https://flic.kr/p/5WRaRc Brussels gives Athens thumbs-up for reforms and budget

    EconomyProgramme

    Greece’s new government managed to successfully clear on Wednesday the first major approval hurdle in its brief tenure as the European Commission (EC) published the fourth post-programme surveillance report, concluding that Greece has taken all the necessary steps to meet its mid-2019 commitments.

  • Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/] IMF consultation report pinpoints health of Greek banks as central to growth

    EconomyBanking

    In the Article IV consultation report that was published on Friday, the International Monetary Fund (IMF) took a detailed look into Greece’s banking sector, as the Fund has repeatedly stated that restoring Greek banks back to health is a prerequisite for the country to attract investment and achieve higher growth rates, while it remains an area of fiscal and wider financial stability risks.

  • Photo via Flickr https://flic.kr/p/4hVnhM Watchdog raid strains testy relationship between banks and govt

    EconomyBanking

    Another chapter in the unexpectedly turbulent relationship between the new Greek administration and the country’s banks was written on Thursday when the Competition Commission raided the headquarters of the four systemic banks, Attica bank and the Hellenic Banking Association.

Results 1 to 10 out of 219.