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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBanking. The decline in H1 is largely attributed to the higher than usual fees from credit cards recorded in Q1 2018... with total on-balance sheet gross book value of 1.9 billion euros, code named Project Orion
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankingincome showed a decline of 9.2 percent to 151 million euros YoY for H1, attributed to the higher than... value of 1.9 billion euros, code named Project Orion. In total, these sales are worth 3.7 billion
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBankingforward the securitisation of its bad loans by one year to 2020 rather than 2021. The bank... business loans. Around 20,000 properties are included in the portfolio. The Orion portfolio is also set
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Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
EconomyBanking. This is expected to take place within November. More than 90 percent of the portfolio consists of loans.... Project Galaxy consists of three securitisations Orion, Galaxy II and Galaxy IV for a combined
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Hercules nears end of its first cycle with National Bank's participation
EconomyBanking. The Frontier securitisation reduces NBG’s stock of non-performing exposures by more than 60 pct.... Project Galaxy consists of three securitisations Orion, Galaxy II and Galaxy IV for a combined value
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Newsletter 283 -05/02/2021
of non-performing exposures by more than 60 pct, with residential mortgages accounting for 77 pct... and the minimum requirement for the junior notes. Project Galaxy consists of three securitisations Orion
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Tsipras tries to keep spotlight on ND, talks up election chances
PoliticsGreek Politicsagreed with Hellenic Train, the Italian-owned train operator, to invest more than 700 million euros..., and the catalogue of errors that led to it, stretching beyond its four-year tenure has gained limited
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PM sets stage for 2027 as ND tries to rally in face of scandals, pension politics and polling drift
PoliticsGreek Politicsto 2030 rather than a catalogue of handouts. He said the announcements will focus on the middle class
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Reported widening of revenue shortfall in Feb as liquidity worries persist
Economy(ENFIA) revenues, are higher from last year but lower than target. In January VAT revenues reached 1.33... of VAT revenues in February, due to the payment of January obligations, would reduce rather than... to the January figure than the total amount would reach 2.63 billion in line with target of 2.65 billion. Note
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Q1 gg primary cash balance shows 2.5 bln surplus but 2014 arrears grow
EconomyMacroeconomyThe Greek general government (gg) primary cash surplus in the first quarter (Q1) of 2014 more than... (1.85 billion) and EFSF/ESM/IMF loans (1.3 billion) more than offsetting a net increase in short-term... loans by 2.07 billion and EFSF/ESM/IMF loans’ redemptions of 611 million. The gross debt structure
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