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Bridge scheme activated as banks look to avoid second-wave NPL increase
EconomyBankingare also being serviced by doValue which is the largest servicer in Greece and holds a loan portfolio.... The scheme will start in a phased manner, depending on whether the loan is serviced, in the red... that are currently in moratoria represent 20 percent of the loans that were still being properly serviced
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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeaturesnot being serviced, peaking at 107 billion euros. In September 2016, almost half the loans... (56 pct of the total). With 28 pct of the volume of loans on their books not being serviced, however... as purchasers of NPL portfolios. One of the largest players in the Greek servicer market, Intrum Hellas
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GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
EconomyMacroeconomyby a drop of 10.4 percent QoQ in exports of goods and services. Imports of goods and services rose by 9.6... the same period last year largely stemmed from a 44.9 percent decline in exports of goods and services. Imports of goods and services rose by 6.4 percent YoY. Gross fixed capital formation fell by 0.3
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Greek households continue to slash spending on goods and services
Societyspent an average of 1,419.57 euros on goods and services in 2015, 2.8 percent less in the previous...), miscellaneous goods and services (9.0 percent), health (7.5 percent – one of the highest rates in Europe...%), education (-8.1%) and miscellaneous goods and services (-5.3%). Only in health did the average monthly
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Slight deterioration in services sector turnover in Q3
EconomyMacroeconomyThe majority of the turnover indices for the services sector fell in the third quarter (Q3) of 2015... on Tuesday. Eight out of the 14 services activities recorded a drop in Q3, implying a slight deterioration from the Q2 performance when 7 out of the 14 services activities posted a year on year (YoY
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C/A deficit to April narrows by 34.7 pct boosted by services
EconomyMacroeconomyan increase in the services’ surplus by 197 million. The widening of the trade deficit is attributed... the respective decline in exports. The significant rise in the services surplus by 31.9 percent to 814 million is mainly due to an improvement of the transport services balance on lower transportation
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Turnover in services sector shows improvements in Q4 2017
EconomyMacroeconomyTurnover indices for the services sector recorded improvements in the fourth quarter (Q4) of 2017... rate of growth was noted in telecommunications (+5.3 percent). Five of the 15 services posted a drop... percent) and services to buildings and landscape activities (-6.7 percent). It is noted, though
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December current account deficit at 1.24 bln on falling services balance
EconomyMacroeconomyin all main components, except for the balance of goods. The services balance fell to 449.5 million from... prices, respectively. As mentioned, the services balance recorded a fall of 16.3 percent... payments, leading to a services balance of 10.7 million, which is 34.5 million euros lower than
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Turnover in services sector shows deteriorations in Q1 2018
EconomyMacroeconomyTurnover indices for the services sector recorded a slight deterioration in the first quarter (Q1.... Specifically, seven of the 15 services posted a drop in the current quarter compared to declines in five... percent) and services to buildings and landscape activities (-12 percent). In the sectors
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July current account shows surplus of 1.58 bln as tourism drives services surplus
EconomyMacroeconomyby strong performance in the services surplus which offset a deepening of the balance of goods deficit... in the services balance, the surplus of which rose by 14.3 percent YoY to 3.75 billion..., the services balance and the secondary income account improved by 884.5 million and 73.7 million
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