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Eurobank reports loss of 186.6 mln in Q3
EconomyBanking) to 3.7 billion (50.5 percent) and consumer credit NPLs to 3.1 billion (44.6 percent of total). NPL... and housing loans. The management estimates zero deleveraging in Q4 and positive credit growth... to technical adjustments related to the deferred tax credit (DTC). The fully-loaded Basel III CET1 ratio
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Coalition hopes it will have more than just Paris at the end of troika talks
PoliticsGreek Politicsto arrange the details of a precautionary credit line with the eurozone before the end of the year... and there is a deal on a precautionary credit line, it gives Samaras something tangible to present... of a precautionary credit line) rather than the measures that Greece will have to adopt to get there. The prime
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Newsletter 6 - 5/12/2014
Credit Line (ECCL). Due to the Christmas holidays, the Greek and national parliaments would... is to close out the current review in January and agree on the terms of Greeceās precautionary credit line... or a precautionary credit line, Greece will simply not be able to pay these bonds. If the fledgling
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Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBankingof non-core assets to a new structure managed and controlled by KKR Credit and serviced by Piraeus... as equity participation. The agreement also provides for funds managed by KKR Credit to invest up to 300... classes including private equity, energy, infrastructure, real estate, capital markets, credit strategies
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The bad hand being dealt to Greece's next government
Agorathe government could have concluded the review if it had been committed to doing so. No credit line... the bailout and moving towards a precautionary credit line. Instead, it agreed a two-month extension... credit line. T-Bills maxed out At the same time, as the Finance Ministry reminded everyone this week
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Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgrammeand services, replacing the current 13 and 23 percent rates. In case, customers use their credit or debit... are carried out via debit or credit cards. Otherwise, the VAT rate on those products will stand at 9.5... transactions via debit or credit cards are recorded, the government also aims to tackle undeclared income
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Average wealth in Greece down by 17.1 pct since last year
Societyin mid-2014, according to the 2015 Global Wealth Report published by Credit Suisse. However, stripping out... increase by 26.1 percent for the European average. Credit Suisse noted that Greece has been... the Greek figure peaked at 136,800 dollars in 2007, Credit Suisse concludes that it will likely
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Alpha, Eurobank sign agreement with KKR for management of NPLs
EconomyBankingIn a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected..., credit and hedge funds. Pillarstone is a platform established in 2015 by KKR and John Davison
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Bill aims to encourage more electronic transactions in Greece
EconomyMacroeconomybut exclusively via electronic payments. For individual taxpayers to secure their tax credit of 1,900 euros... with a rate of 22 percent. Moreover, the tax credit on medical expenses will be provided from 2017..., the government and the institutions appear to have agreed on the abolition of tax credit for medical
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Greece agrees package of measures with IMF, eurozone to seal review
EconomyProgrammeof the personal income tax credit for medical expenses (121 million), scrapping of the tax credit of 1.5... percent of GDP in 2019 to be met. Specifically, the tax credit is due to be reduced by 650 euros for all
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