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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBankingwould be obliged to have their banking information made known to the banks in order to identify... into place. These include an improvement in the economy in order to avoid the creation of new NPEs while... percent in H1 to 17 percent for Eurobank From 54 percent in H1 to 22 percent for Piraeus Bank Greece
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Gov't adopts patchwork of measures to overcome liquidity problems
EconomyProgramme: 310 million on March 6, 348 million on March 13 and 581 million on March 16. The last tranche... remaining 310 million relate to 90 percent of HFSF current cash reserves that until the end of 2015
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Complex privatisation fund faces tall order to reduce Greek debt
EconomyOn top of the fiscal measures yielding 3 percent of GDP by 2018, one of the key prior actions for the conclusion of Greece’s first programme involves the establishment of a new privatisation fund. This was envisaged in the Eurozone Summit statement of l...
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Officials order wider use of masks as upward trend for Covid-19 cases continues
PoliticsGreek PoliticsThe use of face masks for debates in Parliament became compulsory on Wednesday as Greek authorities try to re-instill a sense of caution in the public after seeing the number of coronavirus cases rise significantly this week. The decision to make MPs an...
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How Greece's political system failed to safeguard the largest investment in the country's history
Agora: Alpha Bank, Eurobank, National Bank of Greece (NBG) and Piraeus Bank. First round of recapitalisation... the minimum private investor participation, while Eurobank was fully recapitalised by the HFSF... in Eurobank and 3.96 billion in Alpha. As a result, the HFSF became the dominant shareholder in the banks
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Newsletter 395 - 29/09/2023
in the share capital of Eurobank, setting in motion its plan to dispose of its holdings in the four.... The management of Eurobank got the approval of the AGM earlier in the summer for the buyback of the shares... million shares that represent 1.4 pct of the share capital. Eurobank’s AGM had set an upper limit
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State braces for losses as bank divestment plan is put into action
EconomyBankingits small participation in the share capital of Eurobank. This set in motion HFSF's plan to dispose... largest ever investment. The management of Eurobank got the approval of the AGM earlier... for the acquisition of roughly 52.1 million shares that represent 1.4 pct of the share capital. Eurobank’s
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Eurogroup clears next bailout tranches for Greece, sets new goals
EconomyProgrammeprogress in the area of public administration reforms, “in order to improve the quality... expect that the remaining two core banks (Eurobank and National) will raise their capital needs
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Review gathers pace as mission chiefs prepare for Athens return
EconomyProgrammereported that Piraeus, National and Alpha plan to sell 5.5 billion euros of NPLs by March. Eurobank... order.
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Greek banks complete first round of covered bond issues
EconomyBankingfor strong investor interest in previous publicly issued covered bonds by Greek banks, the order book... day, Eurobank publicly issued its own euro-denominated covered bond with a conditional pass through
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