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  1. Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
    Photo by MacroPolis

    EconomyBanking

    position in Greek non-performing credit, a market with circa 100 billion euros of NPEs”, said Alon Avner, a Managing Director and Head of Bain Capital Credit’s European business. NPE Performance Piraeus... in credit card debt and unsecured overdrafts which have not been serviced for around 5 years, coming

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  2. Despite fresh uncertainty, Tsipras insists focus is on four-year term
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    of a precautionary credit line. Speaking in Parliament on Thursday, Deputy Prime Minister Yiannis... in Athens, whether this is regarding the precautionary credit line or the timing of the next elections. Regarding the credit line, it is highly unlikely that the coalition will alter its course of its own

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  3. S&P revises outlook to positive, sees encouraging signs after debt deal
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    Having updated Greece’s credit rating ahead of schedule at the end of last month in response...’ and Moody’s on ‘B3’, which is a ‘B-‘equivalent. At ‘B+’ Greece’s credit rating remains... banks could provide credit to the more productive parts of Greece's critically important small

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  4. Banks try to build on growing confidence

    EconomyBanking

    With the programme exit now just around the corner and as credit rating agencies and investors... to investment grade status. Sources said that at least two banks were in advanced talks with credit rating... individual restructuring solutions. The Italian bank is an independent credit servicer listed on the Milan

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  5. Newsletter 180 -26/10/2018

    Newsletters

    worsened by 857.2 million to 909.6 million from 52.4 million a year ago. Credit contraction slows to 1.3 pct in Sept Outstanding balance decreases to 176.83 billion Credit contraction in the Greek market..., the household loan sector balance declined to 57.40 billion euros. Consumer credit declined by 12.7 million

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  6. BoG highlights areas of concern in underlying NPE data
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    and dynamics of the most challenging legacy that the crisis has left for the country’s credit institutions... the determined focus by Greece’s credit institutions. More specifically, the level of exposures... of credit risk. Unlikely to pay exposures stood at 27.8 billion euros, which is 31 percent of NPEs

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  7. S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    Standard and Poor’s opened the credit rating review cycle of the new year for Greece by affirming... financing routes. Overall, the positive outlook suggests that Greece’s credit rating could be upgraded... credit rating activity is by Fitch on February the 8th, followed by Moody’s on March 1st.

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  8. Fitch keeps Greek rating stable at 'BB-' but sees growth momentum building
    Photo by MacroPolis

    Economy

    On Friday night, Fitch reaffirmed its ‘BB-‘ credit rating for Greece, keeping the outlook stable. Fitch remains ahead of the main ratings agencies with S&P keeping the credit score at ‘B+’ last month... deteriorating current account could individually, or collectively, lead to lower credit rating. This round

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  9. Bonds enjoy great buoyancy but remain some distance from investment grade
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    approach and did not proceed with an upgrade in last summer’s round of credit reviews. Fitch and S&P... upgrade, Moody’s said that although there has been significant progress to date, Greece's credit... system are an additional dependency on raising Greece’s credit rating, as well as the mitigation

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  10. Moody's holds on rating update stressing need for reform
    Photo by MacroPolis

    Economy

    from the eurozone in question and as such would put downward pressures on the credit rating. It was six... credit rating by two notches from ‘B3’ to ‘B1’ and the outlook was revised from positive to stable... material changes in credit circumstances (if any) during the intervening period.”

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