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Newsletter 233 - 20/12/2019
the operations of Credit Servicing Firms (CSFs). The bank collects quarterly balance sheet data of CSFs and the loans they service and which have been transferred by domestic credit institutions to specialised
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ECB makes Greece eligible for up to 12 bln in bond purchases amid market frenzy
Economysustainability concerns and when it exited its third adjustment programme its credit rating was below... pct, following a buoyant sentiment and good news from the credit rating upgrade and the issue
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PM joins forces with some eurozone partners to lobby for "corona-bond"
PoliticsGreek Politics, suggesting that an agreement on the ESM extending credit lines to eurozone member state’s..., discussions are more likely to focus on extending the existing tool offered by the ESM’s ECCL credit line
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Study proposes higher public spending to counter expected rise in NPLs
EconomyFeaturesin incentives to credit institutions to boost credit expansion to the economy will have a short-term
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Govt and opposition stake out positions on pandemic impact measures
PoliticsGreek Politicsthe ESM’s emergency credit line, which due to its inherent conditionality has been dubbed “another MoU... Stournaras emerged on Monday as a lone voice in favour of taking advantage of cheap credit wherever
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Reshuffle back on the cards as PM unveils plans for Greek industry
PoliticsGreek Politicsmeasures proposed by the government, including a 100 percent tax credit for companies’ R&D spending, a 50 percent tax credit for “business angel” investments, and increases to the building coefficient
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Loans managed by servicers in Q1 rise by 30.9 pct QoQ to 30.82 bln
EconomyMacroeconomyThe Bank of Greece (BoG) released statistics for the first quarter (Q1) of 2020 regarding the operations of Credit Servicing Firms (CSFs) in Greece. BoG said that the data was being provided as part... transferred by domestic credit institutions to specialised foreign financial institutions. The data
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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingcredit, requires additional solutions that will help lenders bring their NPE ratios closer to the EU... be an opportunity to change the country’s economic model and transform the business model of credit
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Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
EconomyFitch re-affirmed Greece’s credit rating to ‘BB’ on Friday night, maintaining the stable outlook. Fitch was the last rating agency to upgrade Greece. At the end of January, it raised its rating... by the ECB initiatives and the inclusion of GGBs as collateral in credit operations. Pressures
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Extensive Covid-19 impact and slow recovery seen by most business sectors, research shows
EconomyMacroeconomya quarter of companies (26.1 percent) to reduce their credit limit and credit time in an effort
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