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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankingBrussels. The report adds that the government has received assurances from all four systemic banks... have to fall to below 10 percent in order for Greek banks to be competitive and in a position..., split across three portfolios. In the statements made by their CEOs, all banks were optimistic about
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Newsletter 220 -20/09/2019
received assurances from all four systemic banks that they will participate in the APS. Speaking in February, Czurda said that the NPE ratio would have to fall to below 10 percent in order for Greek... by 2.86 billion euros. As of August, ECB funding made up 100 percent of all Eurosystem funding
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Newsletter 223 -11/10/2019
with the lenders have not concluded and it is not clear that all the promises made by the centre-right party... or electronically in order to qualify for the tax-free threshold. It remains to be seen if Greece’s lenders see... of deferred tax banks have on their books as guarantees for the transfer of all denounced loans
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ND unveils migration bill seeking to tighten up asylum process, speed up returns
PoliticsGreek Politicsapplicants of lying about their ages in order to get preferential treatment. “Even then, does a 15-year.... “No all these fears are valid, but they are not all baseless either,” he said. “We have to explain
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Govt proposes property VAT reduction to kickstart home sales
EconomyFeaturesThe government is taking measures to reduce the VAT on all properties built from 2006 onwards in order to kick-start the country’s stagnant property market. This would bring more than 100,000 unsold..., accounting for 65 percent of all permits granted. This was followed by Turkey (8 percent), Russia (7 percent
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OECD report traces change in public spending over a decade
EconomyFeatures). In Greece, the average increase was the highest of all with a rise of 75.9 pps in a decade. At the same... (+3.7 percent), public order and safety (+0.6 percent), environmental protection (+0.5 percent... of all funds for social protection were allocated to old age pensions, with the average coming to 10
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Government and local authorities reach impasse over migrant centres
PoliticsGreek Politicsissued a condemnation of the emergency legislative order under which government sought to appropriate... asylum processing. In their statement, which was backed by all political parties with the exception...” such as the notorious Moria camp, during which “all dialogue had been exhausted”. He also stressed
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Newsletter 242 -06/03/2020
and domestic clients being the main driving factor. New order growth continued to accelerate as demand... rate on new deposits at 0.19 percent. The overall weighted average interest rate on all new loans.... The overall weighted average interest rate on all existing loans dropped by 2 bps to 3.97 percent
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingpercent. A breakdown showed that the Alpha Bank was the highest bidder for 82 percent of all... to resettle, which the bank anticipates around the second half of 2020, in order to take the necessary... with discipline all appropriate measures to minimise risks, in line with the evolving situation,” he said. He
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Study proposes higher public spending to counter expected rise in NPLs
EconomyFeatures, with all things being equal, the analysis revealed that a one percent reduction in GDP would lead... to a reduction in NPLs in all categories ranging between 0.14 percent to 0.39 percent in most cases... in the required primary surpluses of the state budget for as long as necessary in order to support the economy
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