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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBanking, representing a rise of 2 percent year-on-year (YoY). Asset quality NPEs fell by around 800 million euros... of this year. A total of 3.5 billion euros worth of portfolio sales are in the pipeline for 2020. These consist..., unchanged QoQ and representing a rise of 2 percent year-on-year (YoY). Management noted
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Newsletter 35 - 17/07/2015
of this amount includes: 1. Amortisation of SMP and ANFA bonds held by the Eurosystem (12.7 billion); 2... by the Greek government, raising total the debt amortisation figure to 35.9 billion. Another debt-related... percent of the total gross financing needs of 90.2 billion foreseen by the European Commission. Greek
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Newsletter 92 - 14/10/2016
production by 4.6 percent, which accounts for around 21 percent of the total index that more than... percent weighting in the total index. The seasonally adjusted IPI rebounded 0.4 percent from... in August, industrial production in the first eight months of the year increased by 2 percent compared
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IMF examines how Greece accumulated large pile of unpaid taxes and contributions
EconomyProgrammeevaluation earlier this week. The total amount of this type of debt stands at 115 billion euros.... Specifically, tax debt represents more than 80 percent of total liabilities to the state. The stock reached... tax debtors owe less than 3,000 euros each, while their tax debt makes up just 2 percent
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Newsletter 205 -10/05/2019
that the bonus would be paid out to around 2.5 million pensioners in total (around 600,000 of these earn... another 800 million euros, while the impact of the measures in 2021 is estimated at a total of 1.22 billion euros, followed by 2.33 billion in 2022. This comes to a total of 5.5 billion euros over
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Newsletter 208 -31/05/2019
on Sunday, less than 2 percent of the total, in a disappointing performance. This has raised questions... that don't make it into Parliament gain a total of around 8 percent of the vote and that six parties... highest overall fiscal performance with a total surplus at 1.1 percent of GDP, which confirm that Greece
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Newsletter 218 -06/09/2019
carefully” and reminded MEPs that the IMF feels the primary surplus should be between 1.5 and 2... consumption represents the majority of GDP, making up around 89 percent of the total figure in Q2... represents around 21 percent of the total. In its Medium Term Fiscal Strategy (MTFS) for 2020-2023
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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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Newsletter 229 -22/11/2019
the fiscal target. Growth is projected at 2 percent this year and 2.8 percent of GDP by 2020... the first ten months of the year, total expenditure came to 42.46 billion, landing below target..., which took the overall travel balance to 14.03 billion, equal to a rise of 12.2 percent YoY. In total
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Newsletter 260 -31/07/2020
decisions. The NAVTEX is valid until August 2, which means that Greece will remain on high alert... 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
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