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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingas a strong vote of confidence in the prospects of the newly established NPE market, the recovering real..., NPL stock has declined by 5.7 billion. It was also noted that in line with targets, the parent NPE... billions euros by 2020, and the NPL balance to under 10 billion euros. Post-stress tests sales After
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingwill be used as a donation to a charitable institution. Investment funds have shown particularly strong... the end of October, Alpha Bank announced that it was close to completing the sale of two NPL.... As of Q2, the NPL pile came to 16.3 billion euros, leaving 2.9 billion to meet the end of year target
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Eurobank net profits at 56.8 mln in Q1
EconomyBankingratio stands at 15.6 percent and total provisions account for around 60 percent of NPEs in Q1. The NPL balance came to 10.8 billion euros. The NPL ratio came to 24 percent in Q1 from 23.7 percent in Q4 2019 while the NPL coverage ratio came to 67.1 percent from 68 percent in Q4. P&L NII fell by 2.1
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Greece braces for Middle East fallout as polls show ND holding firm despite voter unease
PoliticsGreek Politicsscepticism toward political leadership, and a strong desire for change. It is against this backdrop... a strong and widening lead and the opposition continues to be unable to convert public dissatisfaction.... Despite this aversion to escalation, the public expresses strong support for defensive measures linked
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Newsletter 148 -26/01/2018
in the northern city, the opposition leader issued a statement in which he acknowledged the strong turnout... creditors have been arguing about weaknesses in enforcing contracts and the need to create a strong... to the efforts of banks to reduce the stock of bad loans. The goal to lower Non-Performing Loans (NPL) through
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Govt hopes for Feb review deal but opposition readies in case of snap polls
PoliticsGreek Politicshomeowners only buying enough fuel to fill jerry cans. However, in an op-ed marking the one-year
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Q3 unemployment in Greece still at 27 pct despite strong tourism season
EconomyMacroeconomythe strong tourism season. Attica’s rate stands marginally rose to 28.2 percent in Q3 (from 28.1 in Q2
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Golden Dawn faces more legal action but is on course for strong election showing
PoliticsGreek Politicssupport away from Golden Dawn. The Union for the Homeland and the People has strong nationalist line
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Public support for coalition still strong but Tsipras walks fine line with party
PoliticsGreek Politicswill also point to the surprisingly strong support that his government has among voters. In the first
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Strong start for Greek stocks but they end week down 3.4 pct
EconomyDespite a strong rebound on Monday, the Greek equity market traded on negative ground in the following sessions, ending the week down 3.4 percent. The initial positive reaction in the aftermath of banks’ capital shortfall announcement by the ECB was reversed amid stock overhang concerns and delayed
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