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Management of NPLs to test gov't in negotiations with lenders
Economyof bank loan quality since the beginning of the year, the ratio over total loans edged up to 42.1.... In its recent interim monetary policy report, BoG stressed that the key challenge for Greek banks after
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Sallas exit from Piraeus marks end of era in Greek banking sector
EconomyBankingprofessor Charikleia Apalagaki was elected as interim chairman until the election of the new one. Sallas.... At the end of March, Piraeus total assets stood at 85.7 billion euros, its shareholders’ equity
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Greek stocks climb 3 pct on week, banks post double-digit gains
Economythe distribution of an interim dividend of 0.12 euros per share (dividend yield of 1.6 percent... of total) after having exercised its rights under a pledge agreement securing a loan granted
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HFSF records losses of 578 mln in Q1 on negative revaluation of bank holdings
EconomyBankingThe interim financial statements of the Hellenic Financial Stability Fund (HFSF) published on Friday afternoon showed net losses of 577.83 million euros in the first quarter (Q1) of 2016 from 4.97... and Piraeus in November 2015, corresponding to one quarter of the total state aid of 5.43 billion the two
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Parliament's budget office sees obstacles to recovery, warns on private debt
EconomyMacroeconomycontributions as well as unpaid bills to the Public Power Corporation (PPC). PBO estimates that total... in its interim report published on October 19 that showed the 2017 draft budget is expected to have
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Budget primary surplus to Oct confirmed at 6.5 bln, 2.9 bln above revised target
EconomyMacroeconomyto the revision of the interim targets, the comparison of October figures against the new monthly targets... with the revised target. Overall, total expenditure rose by 6.9 percent in October and by 2.1 percent
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HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBankingThe Hellenic Financial Stability Fund (HFSF) recorded net losses of 1.14 billion in the first half of 2016 from 4.15 billion in the corresponding period last year, according to the interim financial... and Piraeus in late November 2015, which corresponded to one quarter of the total state aid of 5.43
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Bank of Greece study finds one in six local firms is strategic defaulter
EconomyMacroeconomyIn a separate section of the interim Monetary Policy Report published on Friday, the Bank of Greece (BoG) discussed the issue of corporate strategic defaulters i.e. companies that have stopped..., the share of strategic defaulters to total non-performing loans (NPLs) remained broadly stable over
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Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln
EconomyMacroeconomyadditions in November, the total outstanding loan balance edged up to 198.5 billion from 198.17...) and mortgages (-19.3 percent). In its latest interim monetary policy report released on December 16
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Stocks edge down 0.6 pct as review talks continue
Economymillion from 492 million in 2015. The board of directors proposes the distribution of a total dividend per share (DPS) of 0.90 euros, while excluding the interim DPS of 0.20 euros distributed last
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