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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 euros in their balance sheets. Eurobank sold a pool of unsecured consumer loans with a nominal value
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Review gathers pace as mission chiefs prepare for Athens return
EconomyProgrammerecently sold bad loans with a face value of 1.5 billion euros to Sweden’s Intrum. Nevertheless, Bank
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Debt relief-for-reforms option being discussed for post-programme era
EconomyProgrammeexpect this to take place in November. It is likely to extend to 20 bonds with a face value of 30 billion
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Newsletter 139 -10/11/2017
fell by 6.4 percent. Excluding the impact of oil products and the value of ships, imports
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Greece and Albania hold private talks to tackle longstanding differences
PoliticsForeign Policythis goal, it would also have a symbolic value as it would be just 10 years after the NATO Summit
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EC upbeat on reforms paying off, as long as they continue
EconomyProgrammeand maximise their value. HCAP’s objective is broader than the previous structure, the Hellenic
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Greece continues debt management with swap of bonds worth 30 bln
Economyissued in April 2014 for a total amount of 4.03 billion at a price of 102.6 percent of nominal value
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Coalition appears to reach common ground with notaries over property auctions
EconomyProgrammethe government and the banks that only real estate above this value would be auctioned to begin with. This had
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Fall in apartment prices continues with slower decline of 0.6 pct in Q3
EconomyMacroeconomyThe drop in the nominal value of apartments in Greece eased to 0.6 percent year-on-year (YoY) in the third quarter (Q3) of 2017, following a drop of 1.2 percent in Q2 2017, Bank of Greece (BoG) data showed on Thursday. Compared to the previous quarter, apartment prices contracted by 0.1 percent
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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBankingsignificantly by Eurobank’s sale of a package of unsecured consumer loans with a nominal value of 1.5 billion
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