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Bank of Greece sees 0.5pct growth in 2014 but warns of political risks
EconomyMacroeconomy) and weak loan demand are having a negative impact on credit expansion, which is expected to resume... to 29.2 percent, followed by consumer credit (up 5 pp to 43.8 percent) and housing loans (up 2.6 pp to 24
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Spain’s economic recovery languishes amid graft scandals
Agorain the euro zone after Greece- and in a sluggish credit flow. The Spanish Prime Minister, Mariano Rajoy... in housing and credit market conditions, lack of progress on fiscal consolidation raises concerns over
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OECD sees Greek recession continuing in 2014, slower recovery to follow
EconomyMacroeconomystrengthening are expected to improve credit conditions. In addition, liquidity would be further supported... tighter credit conditions are the key risks the banking system is facing. On the flipside, positive
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Building activity continues to crumble, falling by 20.7 pct in Feb
EconomyMacroeconomy’ reluctance to borrow are among the key reasons for negative credit expansion in the housing segment. Another side effect of shrinking building activity and credit demand is the decline in apartment
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Greek building activity drop decelerates to 16 pct in March
EconomyMacroeconomyto the Bank of Greece (BoG). Housing credit contraction is mainly due to heightened non-performing loans... lending activity. Shrinking building activity and lack of credit demand are among the key reasons
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Building activity plunges by 35.6 pct in April, down by 75 pct since 2008
EconomyMacroeconomyactivity and lack of credit demand. Bankers indicate that 2015 will be a turning point for the mortgage market as house prices will not fall any further and credit demand will increase leading to quadrupling
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Settling rising private debt? The IMF has some ideas
Economywith the need to preserve bank solvency and credit discipline as well as to minimise moral hazard... undermine credit discipline and contribute to irresponsible lending behaviour, a clear communication
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How Greek banks' capital needs could be reduced by 2.3 bln
EconomyTax Asset (DTA) into tax credit. According to the proposed amendment, Greek banks will have a capital... for Greek banks in the ECB stress tests. However, the new draft bill converting DTA to tax credit would
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How many NPLs in the Greek banking sector are also non-recoverable loans ?
Agoraits uninterrupted three-year declining trend curve, reaching -3.7 percent in July 2014. Credit... repayments in the near future. Nor do they have the credit score necessary to refinance or restructure
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Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln
EconomyGreek media reported on Tuesday that the Ministry of Finance (MoF) will soon table in Parliament a draft bill which will allow the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit... Equity Tier 1 (CET1) capital. The new legislation related to the conversion of DTA to tax credit, which
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