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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBankinglevel of the mezzanine notes have also been absorbed by private investors. This condition is slightly more relaxed than the Italian criterion of having sold 50 pct+1 of both mezzanine and junior
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Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
EconomyBankingloans, 10 percent large business loans and 2 percent marine loans. Along with 95 percent of mezzanine... mezzanine notes. It also announced further plans to dispose of Tier II securities valued at 900 million
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingof the mezzanine and junior notes of the 1.9 billion residential mortgages NPE securitisation of project Phoenix... is contemplating to distribute 65 percent of the mezzanine and junior notes to its shareholders, while
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Banks make steady progress on improving balance sheets via securitisations
EconomyBankingof the mezzanine and junior notes of the securitization, and the ongoing servicing of the portfolio by doValue... that will transfer to doValue. Out of the 6.5 billion euros, 450 million was the 95 pct of the mezzanine
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Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates
EconomyMacroeconomy: The Greek government and the troika estimate a GDP rebound by 0.6 percent with BoG and Fitch Ratings... decelerating from the 3 percent drop posted in the third quarter, according to flash estimates... similar trend (low double-digit drop) over the past three quarters. ELSTAT’s latest flash estimates
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Early tourism estimates point to increased airline pre-bookings and lower cruise passengers in 2017
EconomyMacroeconomymore than those in 2016. This estimate is due to be revised by the end of January and could...). The preliminary estimates for airline seat planning point to an increase of 19 percent for Greek regional
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Stability Programme revises growth down to 2.5 pct as investment estimates prove too rosy
EconomyMacroeconomyby 1.6 pct, another ambitious estimate of investments of 14.4 pct, exports up by 4.9 pct and imports... that the forecast was ambitious as most of their estimates ranged between 2 and 2.5 pct. Most
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Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
Economyby half a percentage, from 2.3 percent in the previous official Greek estimate in the Stability Programme to 2.8 percent. At the same time, the estimate for this year’s growth is revised down to 2... in December. The growth estimate of 2.8 percent for next year is a substantial revision from
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Greece pinpoints flaws in Turkey's Aegean claims
PoliticsForeign Policya cut-off effect on the coastal projection of Turkey, towards Libya’s shores. Also, being on the “wrong... have a cut-off effect on the coastal projection of Turkey to the Libya’s shores. Athens believes... naval mission to Libya on March 31. The new operation is named after the Greek word for peace “Irini
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Erdogan's Hagia Sophia move adds to complexity, uncertainty of Greek-Turkish relations
PoliticsForeign Policy, bilateral cooperation between EU-Turkey on the refugee/migrant issue and developments related to Libya... violation of the arms embargo in Libya, according to a high-ranking EU official. There is a growing... by Turkey and the Turkey-Libya memorandum, Dendias said that “Greece has capable armed forces
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