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When will Greek banks operate as credit institutions again?
Agoraof NPL formation and low liquidity levels continue to challenge the operational capacity of Greek banks...-oriented (including to Germany) and a good order book, sound credit history despite all the challenges... is the provision of working capital in order to keep their business afloat and the refinancing of existing credit
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For Greek banks, it's business as unusual
Agoraof pensioners waiting in the July heat to gain access to a bank branch in order to collect parts... on deferred tax assets (DTA), NPL dynamics and the consequences of higher funding costs because... will rush to turn on the lending taps to the real economy in order to maximise available funds from
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Newsletter 241 - 28/02/2020
enjoyed a degree of approval for its use of the police in support of its “law and order” stance against... is already in the order of 60-70 percent, and is expected to rise. While prior to the outbreak industry... NPL stock was now of utmost importance. 2 Economic sentiment at 113.2 in Feb Strong improvements
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingprovisions recorded in Q3. The non-performing loan (NPL) ratio reached 36.5 percent in Q3 with the NPL formation increasing to 520 million in Q3 from 485 million in Q2. At the same time, NPL coverage rose... in Q1. The NPL ratio edged up to 34.3 percent in Q2 from 34 percent in Q1, while the NPL formation
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Gov't adopts patchwork of measures to overcome liquidity problems
EconomyProgramme: 310 million on March 6, 348 million on March 13 and 581 million on March 16. The last tranche... remaining 310 million relate to 90 percent of HFSF current cash reserves that until the end of 2015
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Complex privatisation fund faces tall order to reduce Greek debt
EconomyOn top of the fiscal measures yielding 3 percent of GDP by 2018, one of the key prior actions for the conclusion of Greece’s first programme involves the establishment of a new privatisation fund. This was envisaged in the Eurozone Summit statement of l...
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Officials order wider use of masks as upward trend for Covid-19 cases continues
PoliticsGreek PoliticsThe use of face masks for debates in Parliament became compulsory on Wednesday as Greek authorities try to re-instill a sense of caution in the public after seeing the number of coronavirus cases rise significantly this week. The decision to make MPs an...
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingloan (NPL) formation remained negative for the fourth straight quarter with the Q4 figure increasing to -450 million from -335 million in Q3. In the Greek market, NPL formation stood at -492 million..., the NPL stock declined further by more than 1 billion QoQ to 24.38 billion in Q4 from 25.35
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Newsletter 64 - 26/02/2016
basis. Overall, the BoG urged Greek banks to substantially reduce their NPL stock over the next two... a baby refugee into their arms in order to allow its mother some time to rest. “Our mothers came here
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Newsletter 98 - 02/12/2016
but achievable” targets for non-performing exposure (NPE) and loan (NPL) reduction by 2019, the Bank... measures are needed for 2018 and beyond in order to reach (and maintain) primary surplus targets of 2018
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