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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingstock to 13.1 billion in 2019. The bank notes that once the 2019 targets are achieved, NPL and NPE...-performing loan (NPL) formation dropped by 311 million, reversing the positive formation of 66 million...). NBG noted that the improved results in NPL formation reflected its strategy of accelerated
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingloans, with NPE formation of -3 million. A rise of 1 million had been noted in Q3. NPL formation also... formation of 31 million in Q3. The NPL stock stood at around 13.2 billion in Q4 with the NPL ratio slipping to 29.3 percent in Q4 versus 30.9 percent. The NPL coverage ratio declined to 67.2 percent in Q4
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New rules on sale of NPLs come into play after approval of omnibus bill
EconomyProgramme. A necessary precondition for the sale of an NPL is an out-of-court invitation to the borrower to arrange.... The first important development on effective NPL management was announced last week by Alpha and Eurobank... with a binding timetable on a comprehensive mechanism of effective management of private debt. In addition
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Tsipras fails to halt strike as domestic political battle heats up
PoliticsGreek Politicssaid that he will look for a private contractor to take over this task. Another flashpoint between
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Refugee housing deadline puts spotlight back on migration policy
PoliticsGreek Politicscosted at 4.5 million euros was awarded to a private contractor without being put to tender
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Athens promotes role as energy hub as PM prepares for talks in Washington
PoliticsForeign Policyon the Greek side since the contractor missed the deadline to deliver it by the end of 2021. The Greek
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Greek-Turkish tensions flare over Turkey’s bid to join SAFE
PoliticsForeign Policystipulates that “involvement of the contractor or subcontractor in the common procurement does
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBankingcombined NPE and NPL stock to stand at 25.9 billion by the end of the year, and to fall further... (QoQ) to 92.4 billion, 1.3 billion lower than the target of 93.6 billion. NPL stock came to 63.9... that it had entered into a binding agreement with APS Investments S.a.r.l. (APS) for the sale
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Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
EconomyBankingServices, the first NPL servicer licensed in Greece. The capital impact of the transaction is expected to be around 2 billion euros. The process allows potential investors to submit non-binding bids... of whom have already shown an interest in the Greek NPL market and could participate
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Bailout talks resume with key issues pending and contingency measures emerging
EconomyProgramme-performing loans (NPLs). The institutions favour the full liberalisation of the NPL market... as well as the application of certain thresholds for SME, self-employed and consumer NPL sales.... main elements: Realistic fiscal numbers and debt sustainability. Commenting on the primary surplus
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