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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankingwith a target of 15 percent by the end of this year. The bank noted that the pile would be further reduced to single digits by 2021, with an NPE deconsolidation of approximately 7 billion in a single... the potential upside from the NPEs. By 2019, the bank intends to reduce NPEs through a combination of the 7
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Eurozone set to give next govt until Sept to address fiscal issues
EconomyProgrammeThe new Greek government formed after the July 7 elections is unlikely to have to face probing..., Greece is due to send its draft 2020 budget to the European Commission by September 15. Earlier... minister will have to address after the July 7 elections. Reforms The European Commission is asking
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ND maintains big lead but keeps foot down to counter possible low turnout
PoliticsGreek Politicsin the July 7 elections, which is around half of the groupings (41 in total) that took part... appearances and urge people to vote on July 7. Opinion polls A Metron Analysis poll published... poll proves accurate: New Democracy 164, SYRIZA 87, KINAL 24, KKE 15 and Golden Dawn 10. Again
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingvalue of 40 billion, banks have around 24 billion euros in provisions. DTCs total around 7 billion... minus provisions of 24 billion euros. At the same time, the SPV will receive 7 billion euros... to use stage guarantees to move and sell 15 billion worth of bad loans. According to a report
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PM wants no strings attached to EU funds as ND juggles with public finances
PoliticsGreek Politicsthe deficit at 7 pct of GDP, or close to 15 billion euros, which will be covered by a rise in debt... billion euros even though just 7 billion is available. On Friday, Mitsotakis announced a new package
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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBankingby 15 billion euros. The group NPE ratio was 47 percent in Q3 from 48 percent in Q2, while the NPE... on the Phoenix and Vega NPE securitisations via the Hercules scheme, which have a total gross book value of 7... percent in Q3 compared to 51 percent a year ago. Recurring staff costs declined by 7 percent YoY
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Newsletter 334 - 08/04/2022
to at least 15 pct of annual consumption. Plans for a major underground gas storage facility using... they are having difficulty paying energy bills, while 7 pct say they cannot pay them at all. Just 29.2 pct... percentage point and HICP even higher at 7 pct. Speaking at the Delphi Economic Forum this week, bank CEOs
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Newsletter 375 - 24/03/2023
was elected on July 7 in 2019 so the last Sunday that elections could be held before its time in office... potential. This revision lays the path for a potential upgrade in the review by Moody’s on September 15... on the issuance of 7 billion euros in new bonds, excluding a possible green bond. Some 4.2 billion euros
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Newsletter 387 - 30/06/2023
in the new government is 53, with 45 pct of members in their 40s. There are a total of 15 women serving... monthly drops led by decreases of 5 pct in manufacturing, 1.6 pct in water supply and 7 percent... months. That said, at -31 points consumer confidence is well off the -7 points of pre-pandemic. Industry
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Government focuses on cost of living and farming as polls confirm strong lead
PoliticsGreek Politicsin a national election scenario (versus 7 pct for KKE) and 7.5 pct in EP elections (versus KKE’s 7 pct... figure prominently with 20.6 pct naming income levels, 15 pct the rate of growth and 11.9 pct
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