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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingquality Pre-write off non-performing exposure (NPE) formation was negative by 300 million euros... from 45.4 percent in the previous quarter. Pre-write off non-performing loan (NPL) formation remained... will go towards financing Greek SMEs, while the cover pool itself comprises Greek residential
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Strike legislation, auctions present Athens with challenges in wake of SLA
EconomyProgrammeDespite reaching a staff-level agreement (SLA) with its lenders a few days ago, the Greek... off the transactions because of the high demands on police this week. Almost 3,000 police officers... and get bad assets off their balance sheets. Pension cuts Speaking at the Hellenic-American Chamber
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Athens and creditors place immediate focus on remaining key deliverables
EconomyProgrammemuch progress the Greek government has made in completing the 88 prior actions of the current review... of the key deliverables have been completed but Greek officials insists that many more are close... be ticked off the list. One of the prior actions that has trouble the government most
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Tsipras and Kammenos vow to stick together until further notice
PoliticsGreek Politicsover the Macedonia name issue. Kammenos’s threat last week to walk out on the coalition if Greek.... The meeting seemed aimed at killing off the speculation triggered by Kammenos’s comments and the sniping... four years, there have been several occasions on which SYRIZA and ANEL appeared to be veering off
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Newsletter 200 -29/03/2019
incorporated into the 2019 figures so as to cover one-off payments under the law 4575/2018. The one-off payments made in 2019 came to 324 million euros and were incorporated under “Compensation... contraction in the Greek market came to 0.6 percent in February, improving from a contraction of 1.1
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Mitsotakis sworn in as prime minister as attention turns to Cabinet picks
PoliticsGreek Politicspresident Adonis Georgiadis, a polarising figure in Greek politics, is expected to take over a beefed... than 200 million euros in the first quarter. Hatzidakis could be tempted to dust off his old plan to spin off a “small PPC” unit, which SYRIZA shelved when they came to power in 2015. In a nod
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingthey will be required to write off Deferred tax credits (DTCs) corresponding to the accumulated provisions of deferred loans. Legislation will be introduced so that the amount of DTCs written off will be recognised by the Greek state as an irrevocable obligation to the SPV with a predetermined payment schedule
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PM to oversee tweaks to tax bill as constitutional revision enters final round
PoliticsGreek Politicsis the proposed decoupling of the election of the Greek President from the need to hold snap national elections if Parliament is unable to decided on a candidate. This provision, which Greek politicians... uprising against the junta in 1973 passed off without any major incident amidst a heavy police
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Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
Economyvisibility and more data available, Fitch sees the Greek economy contracting by 7.9 pct in 2020..., 16 pct of Greek GDP, and support new issues at reasonable rates. The debt stock is seen dropping... fend off pressures on asset quality in the near-term. Liquidity pressures were also lifted
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Newsletter 292 - 09/04/2021
to exhaust his four-year term. Whether this kills off speculation about snap polls later this year remains... Economic Outlook and the Fiscal Monitor publications. The Fund sees the Greek economy recovering by 3.8 pct... contraction last year. Greece is seen coming off deflation this year, with modest price increase of 0.2
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