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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingincome (PPI) fell by 55.1 percent quarter-on-quarter (QoQ) to 65 million. When excluding one-off... fall year-on-year (YoY). Asset quality Pre-write off non-performing exposure (NPE) formation fell
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Ministers urged to speed up reforms as Athens prepares for lenders to return
EconomyProgrammemuch groundwork has been done on the 88 prior actions and that many of them can be ticked off... convince the creditors that the majority was not a one-off as this would lessen the chances
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Lenders return to Athens with much work ahead to reach SLA by May 24
EconomyProgrammeon Monday are expected to start off with electronic auctions, the Katseli Law, the out-of-court workout... reported on Monday that the lenders are considering putting off any agreement on debt relief until
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Despite fresh uncertainty, Tsipras insists focus is on four-year term
PoliticsGreek Politicsthe government can successfully pull off an exit from the programme successfully without the support..., the current mood within the government seems to be to hold off on a decision as long as possible. The fact
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankingto the one-off impact of IFRS 9 implementation, additional restructurings and sustained deleveraging... core Greek bank that is off ELA while retaining a liquidity buffer. Stress test Under the 2018 EU-Wide
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MTFS outlines ambitious economic and fiscal road for next four years
EconomyProgrammemeasures to ease off the impact of the cuts and tax rises. By 2022, Greece will implement... will begin to rise in absolute terms as Greece is weaned off loans in concessional terms from
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Multi-bill passed, sub-tranche released but debt relief expectations dwindling
EconomyProgrammehas committed to paying off all its debts to suppliers and making all tax refunds by the end... interest than European lending and stand at around 11 billion euros. This option now appears to be off
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The race to reduce Greece's bad loans
EconomyBankingdown bad loans in the first quarter of the year. Excluding off-balance sheet items, the non... (Q1) results showed that the pre-write off NPE stock fell by 304 million euros, bringing it to 32.2
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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammein the latest baseline scenario is seen levelling off at 1 percent in the long-term, which translates... percentage points per year to level off at 2.2 percent by 2025. Market access assumptions were also revised
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Loss of MP upsets coalition plans to build on positive momentum
PoliticsGreek PoliticsPrime Minister Alexis Tsipras had been hoping to build on the positive momentum of the recent Eurogroup agreement this week but instead his government is trying to fend off speculation about whether... to kill off any rumours concerning him by issuing a statement in which he insisted that he would
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