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Final budget sees strong growth, fiscal overperformance in 2018
EconomyMacroeconomy. Athens now sees 2017 growth settling at 1.6 percent, well below the initial estimate. The Finance...). In fact, private consumption only grew by half the original estimate, 0.9 percent. Investment also reached just over half the estimate, increasing by 5.1 percent. The growth of exports did
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Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
EconomyMacroeconomyfor 2016. The MoF, Bank of Greece (BoG) and the EC estimate a mild GDP contraction of 0.3 percent, while OECD’s estimate stands a bit lower at 0.2 percent. In contrast, IMF sees a marginal GDP expansion of 0.1 percent. For the full year MoF and EC estimate of a GDP contraction of 0.3 percent to be met
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A snapshot of Greek banks' ABS as ECB readies for next move
Economywould apply for countries like Greece since the ECB requires state guarantees for mezzanine tranches
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EU officials suggest frantic days ahead for Athens until March 11 Eurogroup
EconomyProgrammewill be purchased by the banks themselves while the mezzanine and junior titles will be sold to investors
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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankingby a securitisation issue, with three classes of notes (senior, mezzanine, subordinated junior/equity).
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBankingpercent of the mezzanine and junior notes in a mixed-assets portfolio of non-performing loans
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Eurobank first to tackle NPL reduction via APS
EconomyBankingand the Cairo securitisation mezzanine note following Eurobank’s call for binding offers from
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingpercent of each of the mezzanine and junior notes for both portfolios. The Vega portfolio involves
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Alpha Bank enters agreement with Davidson Kempner for 10.8 bln Galaxy securitisation
EconomyBankingpercent of the junior and mezzanine notes in Project Galaxy -- a securitisation of 10.8 billion euros
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Piraeus and Alpha forge ahead with share capital raises and securitisations
EconomyBankingvalue of the senior notes and the sale price of the mezzanine and junior notes, corresponds to 34.5 pct
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