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Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022
EconomyBankingvalue. NBG signed off last year with the completion of Frontier of a 6 billion euros book value, which... shift more than 5 billion euros off their balance sheets in the coming months, with the Hercules II... of the securitisations with the aim of helping banks shedding up to 30 billion euros off their books.
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Newsletter 328 - 18/02/2022
was looking at the possibility of making a one-off benefit payment to vulnerable groups before Easter... recently grabbed the headlines after the murder of a football fan.EconomySpiralling prices set off wide... overperformance that will allow them to allocate roughly 300 million euros to the one-off benefit, like
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
EconomyBankingand the NPE clean-up in the form of loan securitisations and sales. Excluding one-off items, the pre...) in 2021 was 1.59 billion euros, nearly doubling from the 809 million euros of 2020. Excluding one-off.... Impairment charges came to 4.3 billion euros, compared with 1.32 billion euros in 2020. One-off items
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Where is Odysseus? Part 1 - Demographics
Agora. It is worth asking what happened to Odysseus and his people who set off on their journey in relatively... demographic projections, the Greek population is now expected to be slightly larger, and level off... data are interesting. In the 2011 vintage, the population did not start to ease off until the 2020s
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Speculation about snap polls after summer revived by PM's US trip
PoliticsGreek Politicsan argument that Mitsotakis is better off holding elections before the 2023 budget has to be tabled... significantly improved his ratings and shown that his government’s foreign policy is paying off. Although his... would be better off waiting until next year, when Greece is expected to regain the investment grade
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Newsletter 343 - 24/06/2022
waits until the end of his four-year term to hold elections, he will not be able to hold off the wear... expectations, and not fully signing off the latest round of debt relief measures adopted... to kick off from next year onwards. The IMF also welcomes improvements that took place during
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Government attempts to offer reassurance against winter energy shortages
PoliticsGreek Politicsthemselves on heightened alert for the prospect of Russia completely shutting off gas supplies. Skrekas... regulator RAE outlines the contingencies in a scenario where supplies of Russian gas are cut off entirely... of heating and cooling within a regulated temperature range, turning off heating and cooling outside office
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Opposition parties step up pressure after back-and-forth over election date
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis may have taken the possibility of snap elections off the table... scepticism was misguided and that even SYRIZA’s own secret polling was substantially off the mark... compared to 2019, this will indicate that the Greek electorate has gone off Mitsotakis
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Relief measures being lined up, but PM's eye also on reforms rollout
PoliticsGreek Politicsand 300 million euros will probably be needed to cover the cost of the one-off payment aimed at helping those worse off with the burden of rising prices. If this initiative goes ahead, it is widely expected... or for their one-off pension bonus to rise on retirement. Combined with the scrapping of the solidarity levy
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PM announces more voter-friendly measures ahead of polls
PoliticsGreek Politics, northern Greece, on Tuesday, Mitsotakis confirmed that there will be a one-off handout... with the 72- and 120-instalment schemes to pay off their dues to the state will be allowed to rejoin the programme. Mitsotakis said that this would apply to debtors who were pushed off track
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