Search
-
Banks focus on reducing NPLs linked to property
EconomyMacroeconomyNPL reduction targets, as well as the new framework for the protection of primary residences. As banks put sales rather than write-offs at the forefront of their NPL reduction strategy, real estate.... This week, Eurobank launched a property NPL securitisation portfolio code named ‘Pillar’. According
11% -
Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankingA major NPL deal moved closer towards realisation yesterday when Piraeus Bank announced that it had... will be the largest NPL management company in Greece. In their recently released first quarter (Q1... is on target to meet its 2019 NPE reduction target of 3.5 billion. The NPL stock edged down slightly by 70
11% -
NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBanking, with NPE coverage standing at 55.7 percent. At the same time, domestic non-performing loan (NPL) formation dropped by 1.1 billion in Q2 to bring NPL stock to 9.1 billion. This led the group NPL ratio to stand at 26.4 percent. The NPL coverage ratio stood at 77.4 percent. Regarding NPL sales, the bank
11% -
Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBankingbillion euros. By segment, NPL formation in the wholesale segment increased by 110 million euros... securitisation, NPL formation in the wholesale segment will drop by 1.64 billion euros and by a further 57 million euros in the retail segment. Within retail NPL formation declined in all three sectors
11% -
Greece's lenders adopt cautious approach to new government
EconomyProgrammePresident Jeroen Dijsselbloem devoted most of his remarks at the follow-up press conference on Greece. “We..., those figures are known it is clear that his remarks reminded the official eurozone view that Greek
11% -
Neither necessary, nor good
Agoraacceptance easier”. Her remarks very much reflected the mood at the time among European politicians, several of whom made similar remarks. Of course, it is not for Merkel to become openly involved
11% -
Athens looks to Draghi for positive signals on debt relief
PoliticsGreek Politicspurchasing bonds. Thank you.” The timing of Draghi’s remarks could not have been more critical....” She added: “The government considers the remarks made by Mr Draghi to be helpful. It’s a major
11% -
Pandora's box ajar for Turkey and Greece?
Agora" but his Lausanne remarks made an unannounced visit. He is a man not known for mincing his words but were the Lausanne Treaty revision remarks planned beforehand? Did Erdoğan take an impromptu step
11% -
PM hopes for return to normality by summer, but vaccine progress remains slow
PoliticsGreek Politicsby the end of the summer. In his remarks, Mitsotakis shrugged off the focus on daily vaccination... have supported jobs through aggressive furlough schemes”, Mitsotakis noted in his Davos remarks
11% -
Initials signs for Greek-Turkish exploratory talks seem unpromising
PoliticsForeign Policycontinue our talks?” Erdogan's statements came following Mitsotakis’s remarks last Monday in Nicosia... of stability in the region.” In his joint remarks with his Iraqi counterpart in Athens, Dendias also
11%