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Greece signs EEZ deal with Egypt, aiming to halt Turkey's designs
PoliticsForeign Policydeal signed last November between Ankara and the UN-recognized government in Libya’s Tripoli. Even... within the Turkish continental shelf” and that the agreement also violates Libya’s maritime rights... Libya maritime deal. Kastellorizo and the eastern part of Rhodes were left out, as was widely expected
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Mitsotakis, Erdogan keep distance at UN as summer moratorium draws to close
PoliticsForeign Policyon the issue of Libya which will take place on the sidelines of the UN Assembly under the initiative of Italy...” by its agreement with Libya. Greece says that its agreement with Egypt annuls the Turkey-Libya... with a new, legal and permanent government in Libya and sign a maritime agreement with its southern
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Outsider Kasselakis on track to lead SYRIZA after securing key backers
PoliticsGreek Politics. Libya debacle The government, meanwhile, is facing criticism over its handling of the deaths of five members of a Greek humanitarian rescue mission in Libya under unclear circumstances. The victims were members of the Greek armed forces who were part of an official mission to Libya to help
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Mitsotakis shrugs off scandals to hit back at foreign policy critics
PoliticsGreek Politicswith Libya, Mitsotakis reiterated his government’s position that the Turkey-Libya maritime agreement... the rival factions in Libya, allowing Libya to press territorial claims with backing from Ankara
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Greece working on plan for multilateral talks in East Med
PoliticsForeign Policyin the proposal are Greece, Cyprus, Turkey, Egypt and Libya. The conference does not include Israel... to be Ankara’s refusal to participate in any forum that excludes Turkish Cypriots, while Libya... from Libya to represent both factions. Whether conditions on the ground make this feasible remains
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After Q3 results, what next for Greek banks?
Agorawith the respective integration costs at 100-140 million and 420 million respectively. As expected, NPL ratio continued heading north mainly due to deleveraging (i.e. lower denominator), while NPL formation (the rate... written-off. The weighted-average Greek NPL ratio of the top four banks stood at 32.1 percent
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How Greek banks moved into a new era
AgoraNPLs rising The asset quality showed the non-performing loan (NPL) ratio rising to 37.9 percent... has benefitted from its Turkish subsidiary (Finansbank) having an NPL ratio of just 6 percent.... The highest quarterly NPL increase was posted by Eurobank, which saw a rise of 1.5 percentage
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This is the government's strategy on banks and NPLs as part of third bailout
EconomyOn the NPL front, the authorities will prepare a reliable strategy for dealing with NPLs aiming... on the segmentation of NPLs in banks’ balance sheets and the evaluation of their ability to address each NPL category... of NPL settlement, including the servicing and disposal of NPLs, protecting at the same time the most
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingrespectively. Unlike NPEs, the domestic NPL formation increased to 188 million in Q3, from just 2 million in Q2. This is entirely attributed to the corporate sector, where NPL formation rose to 280 million in Q3... classified as NPEs. In contrast, the retail NPL formation was kept negative in Q3 with small business
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingloan (NPL) formation in Greece remained negative for the third successive quarter, significantly... a positive formation of 67 million. As a result, the Greek NPL stock fell to 18.8 billion euros... in H2 for the bank to meet the end-year NPL target of 17.6 billion. The reduction in the NPL stock led
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