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Banks focus on defining challenge of reducing NPEs
EconomyBankingbillion across the year bringing the ratio for the group at 51.7 percent. Eurobank’s stock of NPEs... target for NPEs is to reduce the balance to 16.8 billion by December 2019. The target for Eurobank... the process of disposing packages of problematic loans when Eurobank in October sold a pool
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Newsletter 288 - 12/03/2021
refuses to commit to a specific date. Eurobank posts loss of 1.21 bln euros Price of shedding bad loans is biggest loss since 2014 Eurobank posted its biggest loss since 2014 last year as the price... euros in 2019. Eurobank noted that this figure included a loss of 1.33 billion euros from the bank’s
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Positive sentiment around banks continues to grow
EconomyBankingsix banks by up to two notches and granting the investment grade to Eurobank and NBG. Fitch Ratings... holds a minor stake of 1.4 pct at Eurobank and the bank has officially expressed its interest to buy... the competitive bid process. The market expectation is that Eurobank will eventually secure that stake
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Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln
EconomyBankingbillion euros, coming from 93.7 million euros from Eurobank after the bank bought back a minor stake..., 6.85 billion in Piraeus, 5.73 billion in Eurobank and 3.96 billion in Alpha. As a result, the HFSF became the dominant shareholder in the banks’ share capital. controlling 98.56 percent of Eurobank
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Rise in Greek car sales slows to 7.5 pct in November
EconomyMacroeconomyΤhe rate of increase in the number of road motor vehicles going into circulation for the first time... percent in the corresponding month last year. In absolute terms, the number of road motor cars reached... in November, the aggregate numbers for the 11-month period show road motor cars surged 27.4 percent
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Growth in new car registrations slows to 12.8 pct in Jan
EconomyMacroeconomymotor vehicles (going into circulation for the first time) slowed to 12.8 percent in January..., the number of road motor cars stood at 10,289 in January which is the fourth highest reading since... of total motor vehicle circulation licenses in January compared to more than 62 percent in December
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Car sales resume double-digit growth rate in Oct with 15.2 pct rise
EconomyMacroeconomyAfter a short-lived drop by 13.8 percent in October, the number of road motor vehicles (going.... In absolute terms, the additional road motor cars reached 8,892 in November, which is the highest reading..., the additional passenger cars reached 88,191 year to date making up almost 83 percent of road motor cars
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Car sales rebound 3.4 pct in March
EconomyMacroeconomyThe number of road motor vehicles (going into circulation for the first time) resumed an upward... road motor cars stood at almost 10,700 in March, of which 57 percent were registered in the Attica... percent of road motor cars. Nevertheless, the double digit-drop in February led the 3-month figure
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Car sales surge for second straight month, rising by 33 pct in May
EconomyMacroeconomyThe number of road motor vehicles (going into circulation for the first time) soared 33 percent... make up more than 88 percent of percent of road motor cars. Following the strong rebound in the last two months, the aggregate figures for the 5-month period point to a 12 percent rise in motor cars
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Car sales fall 2.5 pct in June after impressive growth in preceding two months
EconomyMacroeconomyThe number of road motor vehicles (going into circulation for the first time) fell by 2.5 percent... accounting for more than 85 percent of new road motor cars. Despite the negative growth rate in June, the aggregate figures for the first half still point to a rise of 9.2 percent in road motor cars, while
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