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  1. Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets

    EconomyBanking

    -performing housing loans and 31,000 borrowers. The average delay is 3.6 years. These loans have around 36,000... indicates that non-binding bids must be received by December 10, and binding bids by the end of February

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  2. Newsletter 193 -08/02/2018

    Newsletters

    they can be implemented, which will create a delay. Approval is expected in March. 2 Unemployment rate... received one binding offer for the Melitis unit in Florina from Mytilineos which was reporte five times... in a binding offer for either unit after deciding that the structure of the deal and the share purchase

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  3. Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
    Bank of Greece

    EconomyBanking

    perimeter. This would further delay the reduction of the high stock of NPEs. New NPE inflows...Alpha Bank announced on Wednesday that it had entered into a binding agreement for the disposal... released by the bank, they said that they had received a binding offer from Poseidon Financial

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  4. Banks remain largely profitable in Q2, with focus on NPL reductions
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyBanking

    for the resumption of e-auctions, arguing that continuing to delay the process would impact the valuations...’s various portfolios, management noted that a binding offer had been received for the sale... that it had entered into a binding agreement with Intrum for the purchase of 30 percent

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  5. Newsletter 157 -30/03/2018

    Newsletters

    . The official put the potential delay down to the fact that the Greek government is behind schedule.... Eurosystem funding drops by 2.80 bln in Feb Emergency Liquidity Assistance decline leads drop in funding Greek banks’ Eurosystem funding fell by around 2.80 billion euros in February, Bank of Greece's

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  6. Newsletter 111 - 17/03/2017

    Newsletters

    . The uptick is mostly related to the uncertainty stemming from the delay in the second programme... in the previous three quarters. Eurosystem funding falls for 20th month in a row ELA funding increased by 330 million in February Greek banks’ Eurosystem funding fell for the 20th successive month, albeit

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  7. Newsletter 24 - 24/04/2015

    Newsletters

    ) in Piraeus Port Authority (OLP). Any manifest delay in closing the proposed OLP deal or rewriting...State agency cash hauled in Funding should cover needs until May Earlier this week a legislative... to tap additional funding sources in order to meet external obligations of 2.5 billion euros in June

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  8. Institutions warn of fiscal target being missed, reforms slowing
    Photo by MacroPolis

    EconomyProgramme

    (KEAO) and the IAPR should be adopted without further delay, the report added. The reintroduction... a slowdown in reforms. The report is based on the findings of a mission to Athens between 6 and 8 May... summarised their findings by stressing that although Greece had made progress over the recent period

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  9. Ambitious privatisation targets will test government's resolve

    Economy

    Chairman Stergios Pitsiorlas said that Greece will miss this year’s revenue target due to the delay... will be updated on a semi-annual basis. 2) Announce binding bid dates for Piraeus (OLP

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  10. Greece close to agreement that would unlock sale of Astir Vouliagmenis

    Economy

    delay the final agreement. This relates to an updated development plan to be agreed between HRADF, NBG... on asset sales was on December 21 with the submission of binding bids for the sale of a 67 percent

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