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Newsletter 77 - 10/06/2016
. In its weekly credit outlook published on Thursday, Moody’s said that the slowing down in the formation of non-performing loans of Greek banks is credit positive. The rating agency noted that managing
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Fool Britannia
Agorabillion pounds being wiped of the value of stocks on the FTSE 350, a credit downgrade, the possibility.... Possibly Greek society proved more mature and less hateful than it gets credit for. Maybe Greece
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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomybps was posted in the consumer floating rate, while that for consumer credit without a fixed maturity (mostly credit cards) remained almost stable at 14.47 percent. BoG figures also showed a 7 bps
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After Article IV consultations IMF says challenges remain, substantial debt relief is needed
EconomyProgrammetax credit system that exempts almost half of wage earners from income taxes compared... contribution rates coupled with lower tax credit and elimination of tax exemptions that benefit
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Alpha and NBG complete sales of hotels
EconomyBankingcredit outlook published on October 31, Moody’s said that the transaction is credit positive for NBG
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Second review to resume in Athens under severe time pressure
EconomyProgrammeother proposals, the World Bank highlights that the elimination of several tax credit measures are expected to yield 294 million euros in 2016, while the reduction of the personal income tax credit
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Moody’s changes outlook for Greek banks from negative to stable
EconomyBankingconstrain credit expansion and banks’ revenue growth. In specific, contraction in the private sector credit is expected to slow in 2016 and then stabilise or marginally increase in 2017. The primary
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyto 19.7 billion. Consumer credit NPE ratio is foreseen to decline by 18 pp to 36 percent, while... percent) will derive from the business sector with mortgages and consumer credit making up 19
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Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
EconomyBankingmillion. In contrast, the NPL formation in the consumer credit sector remained negative for the third... at 8.5 billion, while the deferred tax credit (DTC) of 3.4 billion remains the lowest among core Greek
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Newsletter 99 - 09/12/2016
Global Wealth Report, published by Credit Suisse, showed wealth in Greece fell for the third... a repayment obligation to the Fund; an unprecedented credit event for a European IMF member
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