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Building permits increase by 18.5 pct in July
EconomyMacroeconomyin June, Hellenic Statistical Authority (ELSTAT) data released on Friday showed. The total number... of the year, building permits rose by 4.5 percent. Total permits in the aggregate period stood at 9,071... and the construction downturn began. At 15,325 permits, the total for 2018 has surpassed the total
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBankingbegun operation. Compared to the Bank’s 27 billion euros NPE pile, a total of 18 licensed credit... stock on its balance sheets with the total currently standing at 26.1 billion. NPL stock stood at 17.36 billion. The Bank plans to securitise a total of 6 billion euros in bad loans by 2021. Bad loan
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBanking. On an annual basis, NPE stock dropped by 3.1 billion euros compared to 2018. Total NPE stock came to 21.8... coverage ratio at 65 percent. Total coverage including collateral came to 118 percent. Regarding the auctions of repossessed assets, a total of 3,871 auctions were held in 2019. The success rate was 40
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Eurobank net profits at 56.8 mln in Q1
EconomyBankingratio stands at 15.6 percent and total provisions account for around 60 percent of NPEs in Q1. The NPL... increased by around 500 million QoQ to 32.9 billion, with total deposits landing at 45.3 billion euros... for the Cairo/FPS transactions, total CAD stands at 14.4 percent, and risk weighted assets reached 43.0
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New tax debt at 2.21 bln to Mar, up by 545 mln month-on-month
EconomyMacroeconomymillion month-on-month in March, bringing the total to 2.08 billion euros compared to 1.57 billion... unpaid, according to the latest data from the IAPR. Total debtors now stand at 3.95 million, down by 38,639 month-on-month and remaining below 4 million for a second month running. The total for legacy
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Newsletter 260 -31/07/2020
their reimbursement, retirees must waive any rights to future claims. The total amount earmarked... at 5.1 pct growth next year, subject to potential new virus outbreaks. The total deficit is seen at 7.8... to eliminate the negative effects of the coronavirus pandemic. State budget total revenues stood at 21.26
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New tax debt at 2.53 bln to May, up by 96 mln month-on-month
EconomyMacroeconomymonth-on-month in May, bringing the total to 2.37 billion euros compared to 2.29 billion in April.... Total debtors now stand at 3.85 million, down by 59,717 month-on-month. The total for legacy tax... for the month increased by 87 million euros. As of May, the total for overdue debt, including both
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New tax debt at 3.90 bln to September, up by 695 mln month-on-month
EconomyMacroeconomycategories showed a rise of 620 million month-on-month in September, bringing the total to 3.60... data from the IAPR. Total debtors now stand at 3.87 million, down by 131,196 month-on-month. This is the biggest month-on-month decline in debtors in the year so far. The total for legacy tax arrears
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New tax debt at 4.94 bln to October, jumping by 1.04 bln month-on-month as debtors rise
EconomyMacroeconomyof 670 million month-on-month, bringing the total to 4.27 billion euros compared to 3.60 billion... unpaid, according to the latest data from the IAPR. Total debtors now stand at 4.37 million... since September 2019. The total for legacy tax arrears (i.e. those created before 2017) stood at 102.47
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Banks end year with continued bad loan sales
EconomyBankingof the mezzanine notes of the Phoenix securitisation, with a total gross book value of 1.92 billion euros... of the total gross book value of the portfolio. Pro-forma for the transaction, Piraeus Bank’s NPE ratio...-risk corporate NPE portfolio code-named Project Danube, with a total gross book value of 174 million
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