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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBanking. At the same time, domestic non-performing loan (NPL) formation dropped by 57 million, slowing from...). This led the group NPL ratio to stand at 31 percent from 32.4 percent in Q4. The NPL coverage ratio inched up to 82.9. NBG’s NPE and NPL coverage ratios are the highest among its domestic peers
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingcompared to the figure of 16.4 million in Q1. Since June 2017, NPL stock has declined by 2.3 billion. By segment, NPL formation in the retail segment increased by 70 million euros, and declined by 14 million... this year, the group’s NPL ratio came to 34.7 percent in Greece and 35.6 percent on a group level
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NBG reports full year net profits of 50 million euros from continued operations
EconomyBanking(NPL) formation fell by 198 million to stand at 11.1 billion euros. The movement in the latest quarter reflects negative NPL formations in all four subcategories. In the corporate portfolio, NPL...) and consumer (-8 million). This led the group NPL ratio to stand at 29.9 percent. As mentioned
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ND mulls next tax cuts as it prepares to unveil new electoral law
PoliticsGreek Politicsa meeting between Prime Minister Kyriakos Mitsotakis and Interior Minister Takis Theodorikakos... representation system that will award a bonus to the winning party. Unlike the existing system, which... to use a sliding scale so the bonus is linked to the winning party’s performance. “We can’t have
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Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
EconomyBankingbillion euros from 18.7 billion euros in Q1, while the non-performing loan (NPL) stock fell to 5.2... management said it was progressing with multiple further securitization transactions in Greece and Cyprus
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Newsletter 113 - 31/03/2017
Skourletis, now head of the Interior Ministry, warned in an op-ed on Monday against the “cannibalisation... consenting to the proposed debt restructuring. Three binding offers were submitted for the acquisition... investment groups that have tabled binding bids. One the biggest stumbling blocks to have emerged
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Public sector staff trends survive MoU exit, change of government
Societyin early summer. In June 2019 the number of public sector contractors was 103,213 and in June 2020 it had... in the latter part of 2019, however there was no corresponding fall in the number of contractors. New record... established during the latter part of the country’s financial crisis. While the numbers of permanent
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Fallout from Ukraine war being fed into calculations about next general elections
PoliticsGreek PoliticsInterior Minister Stelios Petsas said that he does not expect elections, which are scheduled to take place... law with the aim of reducing the level of support needed for the winning party to claim.... The report suggested that the PM’s office has drawn up a scheme that would give the winning party
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PASOK launches attempt to form alliance that would rival SYRIZA
PoliticsGreek Politicslast week. Ex-Interior Minister Yiannis Ragousis attended the meeting, taking a different approach... at the next elections by winning back centre-left voters from SYRIZA and crushing the radical leftist... the kind of backing he would like from sections of PASOK in order to have a chance of winning the race
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Parties mull changes to electoral law, top judge resigns
PoliticsGreek Politicsto Interior Minister Panos Skourletis the breaking up of the Athens “B” electoral district, a reduction of the bonus for the winning party from 50 to less than 40 seats in Parliament, allowing Greeks... representation system. This means the winning party will get no bonus at all. PASOK and To Potami did not vote
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