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Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
EconomyMacroeconomyincreased by 100 million, the first increase since June 2016. Specifically, ELA funding was reduced... billion euros to 44.2 billion. A further decline in the ELA limit by 2 billion was also announced
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBanking”. It is worth noting that the bank overshot the June NPE target by 100 million. Overall, the NPE ratio.... Provisions are seen close to 1 billion in 2017. Balance Sheet Eurosystem funding fell by 2 billion
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Greek banks meet NPE reduction targets in Q2, write-offs remain primary source of reduction
EconomyBankingalso slightly above target by 100 million and came to 18.8 billion. This performance in turn manifested... on the asset quality trends in Q2, BoG noted that the quarterly default rate remains over 2 percent
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBankingEurobank 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... and liquidations (4.4 billion) and selected sales (2 billion). According to reports, the bank is packaging 3
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NBG steps back into markets with 750 mln covered bond issue
EconomyBanking. There has not been a covered issue by Greek banks since 2009. The bond issue attracted over 2 billion... in excess of 100 billion euros in their balance sheets.
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Current account surplus at 1.21 bln in September on services balance growth
EconomyMacroeconomyCoöperatief U.A. by Pavlidis S.A. Marble-Granite, and the sale of a 100 percent stake in TRAINOSE... in liabilities was driven by a fall of 2 billion in non-residents holdings of Greek government bonds
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Newsletter 149 -2/02/2018
initiative (law 4321/2015) that provided for the payment of overdue SSCs in up to 100 installments... and mostly driven by a QoQ rise in revenues in Q3. 2 Overdue tax obligations rise to 101.86 bln in Dec
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Eurogroup highlights tight schedule as differences over debt, fiscal measures brew
EconomyProgrammeEconomic Affairs Commissioner Pierre Moscovici noted that 100 days remain for the whole package.... Clearly, Athens is not keen on the idea of adopting measures worth 2 percent of GDP, rather than 1
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Economic sentiment reaches 105.3 in July, highest since June 2014
EconomyMacroeconomy2014 when the reading came to 105.2. Greece’s economic sentiment reading has remained above 100..., the construction indicator rose by 2 points to -45.8 points in July. The improvement since the start
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BoG highlights areas of concern in underlying NPE data
EconomyBankingin excess of 100 billion in the end of 2016. The NPE ratio at the end of June stood at 47.8 percent... of which were denounced corporate loans. On top of write offs, sales of nearly 2 billion euros also
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