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Second post-MoU review hinges on NPL plan and protection for primary residences
EconomyProgrammeAn uncomfortable Euro Working Group meeting last week has left Athens with much to do in the coming days as it seeks to obtain the green light for the disbursement of the ANFA and SMP bond profits in March. According to reports, the institutions and eur...
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Banks highlight areas of concern in talks on NPL scheme
EconomyBankingThe Finance Ministry has redoubled its efforts to get over the line the Asset Protection Scheme (APS), codenamed Hercules, that is meant to help Greek systemic lenders reduce the stock of NPEs on their books by up to 30 billion euros through state guara...
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Commission gives go-ahead for APS to reduce NPL pile
EconomyBankingThe European Commission (EC) announced on Thursday that it approved the Greek plan, codenamed “Hercules,” for helping Greek banks remove up to 30 billion euros in non-performing loans from their books. The Commission concluded that under the proposed As...
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Bridge scheme activated as banks look to avoid second-wave NPL increase
EconomyBankingThe ‘Bridge’ scheme for mortgage subsidies, which will subside up to 90 percent of payments from eligible individuals, has been activated as part of a number of mechanisms to relieve pressure on borrowers hit by the coronavirus pandemic. The scheme begi...
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What is the state of play with Greek banks?
Economyall aspects of non-performing loan (NPL) resolution policies and procedures. The outcome..., 2013. On the contrary, the key worrying aspect is the high level of domestic NPL ratio currently... for National. As an indication, a 1 percentage point increase in the Greek NPL ratio would result
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoraas NPLs (repayment delayed by more than ninety days) reaching 22.9 per cent. Such staggering NPL.... The NPL challenge and the deleveraging obligations facing Greek banks are major impediments to their current lending capacity. The effectiveness of NPL resolution policies will have to be assessed
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BoG sees encouraging signs for Greek economy but warns on reforms
Economy.” Greek banks The report unveiled that Greek banks’ non-performing loan (NPL) ratio rose to 31.9... a deceleration in the NPL formation (rate of NPL increase) to 0.7 percentage points (pp) in Q4 2013 compared... NPLs at 31.8 percent (from 23.4 percent) and housing at 26.1 percent (from 21.4 percent). The NPL
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBanking-performing loan (NPL) ratio rose at a decelerating pace to 31.8 percent from 30.9 percent in Q1. The segmental breakdown showed small business NPL ratio at 50.2 percent, consumer at 44.7 percent, corporate at 30 percent and mortgages NPL at 21.2 percent. More importantly, the NPL formation fell sharply
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How many NPLs in the Greek banking sector are also non-recoverable loans ?
Agorain the reporting season that concerns the dynamics of non-performing loan (NPLs) formation. NPL* Formation... the increases are slowing down when compared to previous quarterly results, the NPL dynamic still does... percent during the first six months of 2014. The NPL challenge on Greek banks’ balance sheets requires
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBanking(NPL) ratio continued increasing at a decelerating pace by 0.5 percentage points (pp) in Q3 (from 0.6... by segment showed consumer NPL posted the lowest rise QoQ to 50.6 percent, followed by corporate NPL to 41.8 percent and housing NPL to 26.5 percent. The latter recorded the highest increase QoQ by 80 bps
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