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Piraeus Bank raises 1.38 bln in share capital increase
EconomyBankingplatform and the synthetic securitisation of select on-balance sheet performing loan portfolios. All
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Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs
EconomyBankingof the synthetic securitisation of 1.9 billion euros of project Aurora, consisting of performing SME
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What is the state of play with Greek banks?
EconomyHaving suffered huge losses due to the PSI last year, completed a series of M&A that reshuffled the domestic banking landscape and successfully recapitalised in June, Greek banks remain at the forefront of domestic corporate developments. Their stock pe...
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Greece steps up efforts for early bailout exit but lenders play it coy
PoliticsGreek PoliticsGreece stepped up on Sunday its efforts to pave the way for an early and clean exit from its bailout programme at the end of the year but, as Greek officials admitted, all the options are still open. A Greek delegation led by Finance Minister Gikas Hard...
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The state of play with Greek banks' liquidity
EconomyThe ECB is expected to decide on Wednesday, February 4, on the extension for another 2 weeks of Greek banks’ access to Emergency Liquidity Assistance (ELA) funding. The request submitted by the Bank of Greece (BoG) was initially approved on January 21 f...
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As Greek deadline looms, this is how the next days could play out
EconomyProgrammeThe Greek Prime Minister Alexis Tsipras meets with the European Commission President Jean Claude Juncker, the ECB President Mario Draghi and the IMF Managing Director Christine Lagarde in Brussels at noon in a last-ditch effort to bridge the differences...
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New rules on sale of NPLs come into play after approval of omnibus bill
EconomyProgrammeThe multi-bill approved by Parliament on Sunday evening details, among others, the legal framework for the management and sale of performing or non-performing loans (NPLs). The new framework excludes from sale until the end of 2017 loans secured by prim...
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Government indicates readiness to play waiting game on pension cuts
PoliticsGreek PoliticsThe pension cuts due in 2019 continue to dominate the Greek political agenda, with the latest intervention from a government official suggesting that Athens has no intention of acting on this issue without first reaching an understanding with the Europe...
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Banks on track with NPE targets in Q2 as sales play bigger role
EconomyMacroeconomyGreek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the second quarter (Q2) of 2018 according to the eighth quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) on Thursday afternoon...
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Comfortable lead allows Mitsotakis to play it safe as Tsipras makes last-ditch attempt
PoliticsGreek PoliticsKyriakos Mitsotakis is sticking to his core themes of tax cuts and growth as Greece enters the final straight of a low-key election campaign that New Democracy looks set to win comfortably. The opposition party’s big lead in the opinion polls has even f...
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