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Bank of Greece sees growth at 0.7 pct in 2014, NPLs up to 34.1 pct
EconomyMacroeconomyprecautionary credit programme. The bank's governor Yannis Stournaras also highlighted on Monday his concern... displayed consumer credit and corporate NPL ratio increased by almost 3 percentage points (pp) from... to take on an active role in the sectoral restructuring of the economy by channelling credit to truly
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Greece: Where did it all go wrong?
Agorapercent of GDP. This was accompanied by the first Greek credit account surplus on record. Both were... exit with a precautionary credit line created by the financial buffer remaining at the bank... at the end of the year, the provision of an enhanced conditions credit line (ECCL) meant that Greece
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Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBankingof non-core assets to a new structure managed and controlled by KKR Credit and serviced by Piraeus... as equity participation. The agreement also provides for funds managed by KKR Credit to invest up to 300... classes including private equity, energy, infrastructure, real estate, capital markets, credit strategies
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The bad hand being dealt to Greece's next government
Agorathe government could have concluded the review if it had been committed to doing so. No credit line... the bailout and moving towards a precautionary credit line. Instead, it agreed a two-month extension... credit line. T-Bills maxed out At the same time, as the Finance Ministry reminded everyone this week
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What capital controls will mean for Greek banks, customers and the economy
Economyof up to 840 million euros. · Transactions with credit or debit cards without any new restriction other... onshore i.e. credit of accounts held within Greece. · Transactions via prepaid cards up to the limit... not apply to transactions with the Bank of Greece (BoG), cross-border payment orders concerning credit
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Newsletter 41 - 04/09/2015
decided to pay the whole amount via credit card. While those taxpayers paid off the amount in 6 to 12.... This most likely reflects PIT payment via credit card, which is also due to the increased use of credit
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Average wealth in Greece down by 17.1 pct since last year
Societyin mid-2014, according to the 2015 Global Wealth Report published by Credit Suisse. However, stripping out... increase by 26.1 percent for the European average. Credit Suisse noted that Greece has been... the Greek figure peaked at 136,800 dollars in 2007, Credit Suisse concludes that it will likely
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Alpha, Eurobank sign agreement with KKR for management of NPLs
EconomyBankingIn a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected..., credit and hedge funds. Pillarstone is a platform established in 2015 by KKR and John Davison
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agoraof their gross loans. In its credit outlook released on June 9, Moody’s said that Greek banks’ slowing NPL formation in credit positive, while noted that the decrease in loan provisions will help... credit expansion, at least in the short-term. *Manos Giakoumis is the head analyst at MacroPolis
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingand commission income increased by 2.1 percent QoQ to 80.2 million, largely on increased usage of credit... credit recorded a negative NPL formation for the second straight quarter, of -18 million in Q2. The NPL... at 8.5 billion, while the bank reiterated that the deferred tax credit (DTC) of 3.4 billion makes up
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