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What the latest set of prior actions mean for home foreclosures
Economyprice of foreclosures’ auctions will be much lower than before (around 30 percent on average... limited at the moment and mainly involve large buildings rather than homes. Government sources said... euros and property value up to 200,000 euros, which are stricter than those proposed by the current
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Economic sentiment fell to 81.3 in July for the sharpest historical monthly drop
EconomyMacroeconomy, whilst the current ESI reading is 22.9 points lower than the post-crisis high of 104.2 recorded a year... 2012. Since then, it had posted a considerable improvement by more than 26 points until June 2014... the highest monthly drop plummeting by more than 22 points to -25.9, whilst the construction confidence fell
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Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomy. At that time more than 15 banks were operating in the Greek banking market. After a series of M&A... in the domestic market controlling more than 95 percent of deposits. However, the Greek time deposit rate... loan rates remain 200-300 bps higher than the respective average eurozone figures. In the household
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Early gains in Greek stocks cancelled out in second half of week
Economyis becoming unsustainable. Banks rebounded 7.3 percent this week after a nosedive by more than 58 percent last week. The improved performance is mostly perceived as a technical reaction rather than... 1 percent to 3.15 billion on negative currency effects. EBIT improved significantly by more than 31
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Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomyin more than 12 years, since May 2003. July withdrawals are fully attributed to time deductions of 7.65... climbed to 44.42 billion euros corresponding to more than 27 percent on the end-November deposit balance... and other obligations as well as for consumption rather than for retaining them in safety boxes
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Sixth straight fall for economic sentiment in August as it plunges by 6.1 pts
EconomyMacroeconomythan 26 points until June 2014. Since then, it has been heading downward, with a significant... dropping by more than 12 points in July. Services confidence tumbled by more than 15 points to -42.8.
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Marked drop of 50 bps in new time deposit rate in July amid capital controls
EconomyMacroeconomydominate more than 95 percent of the market. The legislative act on capital controls prohibits..., the Greek time deposit rate remains more than 60 bps above the eurozone average of 0.68 percent...) and France (1.33 percent). Overall, the weighted average rate on new deposits fell by more than 30
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Greek QE eligibility? We're not there yet
Agoracondition notes that the ECB will not buy more than 33 percent of the issuer’s debt and 33 percent... in Greek bonds, corresponding to more than 40 percent of total. Of this amount, 19.87 billion relate... remaining maturity of 2 years and a maximum of less than 31 years. This maturity range is applied
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Greek stocks edge up, with banks rising for third straight week
Economyover the past two weeks, Greek shares are still more than 15 percent down since the beginning of August.... As a result, bank shares have lost more than 58 percent of their market value since the market.... During the two-day event more than 600 meetings were held between 150 fund managers and 28 Greek listed
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Assessing the health of Greek banks' loan portfolios
EconomyBankingdue for more than 90 days, the NPE perimeter also incorporates forborne and impaired loans. The NPE... (35.6 percent). As expected, the NPE coverage ratio stands lower than that of NPL at 44 percent. BoG... around 1 billion higher than the lowest reading of 775 million posted in 2013. Over the past 7.5
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