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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankinggross loans. The non-performing loan (NPL) ratio remained flat QoQ at 33.6 percent with consumer credit... positive impact from the upcoming conversion of DTA to tax credit. Commenting on recent press reports
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Developments in Greece produce volatile market reaction
EconomyThe Greek stock market plunged 5.38 percent on Friday in the aftermath of the Eurogroup’s indication that it would support a precautionary credit line for Greece in the form of an Enhanced Conditions Credit Line (ECCL). As a result, the Athens Stocks Exchange (ASE) general index lost in just one
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Stalled troika talks stretching Greek coalition cohesion to limits
PoliticsGreek Politicswith the eurozone on a precautionary credit line not be reached, the government will suffer serious political... would possibly leave the country without the support of a precautionary credit line or a bailout
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Greece moves closer to troika over fiscal gap, waits for response
EconomyProgrammeGreece with a credit line would be discussed at the December 8 Eurogroup. At the gathering of eurozone... be provided with supported via a European Stability Mechanism (ESM) tool called Enhanced Conditions Credit
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No green light from troika yet as Greece moves towards bailout extension
EconomyProgrammeindicated Greece and the eurozone would agree an Enhanced Conditions Credit Line (ECCL). However... to arrange this, with the credit line details being agreed in January. Although Finance Ministry
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Coalition sets bar low for presidential vote, opts for pre-election rhetoric
PoliticsGreek Politicsthat the coalition had been advised that general elections in Greece would trigger a “credit event.” This appears to be a misinterpretation of rating agencies deeming polls in Greece “credit negative
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Voting for brinkmanship while the real economy needs solutions
Agorafinished for the Greek sovereign and corporate debt issuance. The credit crunch in the Greek real economy... established Institution for Growth in Greece (IfG) signed the first credit agreements with four SMEs
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Third of Greek households trapped in debt and poverty, study suggests
Societycharges (credit, tax and other). Last year, 54 percent of households received demands to pay more than 500... a marked, ten-point increase in the use of credit cards to cover household obligations. Whereas 15.8
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S&P puts Greece on watch for downgrade after sizing up new coalition
EconomyFollowing Moody’s report on Monday noting that Greek elections’ outcome is credit negative, S&P placed on Wednesday Greece’s ‘B’ sovereign credit rating on CreditWatch with negative implications. This action reflects S&P's view that some of the economic and budgetary policies advocated by the new
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Varoufakis outlines contours of debt deal as haircut set aside
PoliticsGreek Politics. The previous government had indicated the bulk of it would be used as a precautionary credit line under the Enhanced Condition Credit Line (ECCL) that would be agreed with the eurozone partners upon
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