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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBanking. The consideration of the transaction equals 5 percent of the 1 billion outstanding principal amount... billion on-balance sheet gross book value. Around 20 basis points of CET-1 capital were expected..., liquidations and collections (-7 billion euros) and NPE sales (-3.5 billion euros). Piraeus Bank expects
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Macedonia name issue: Agreement and disagreement
Agorathat the Republic of Macedonia/fYRoM should be renamed as Republic of North Macedonia according to Article 1... not create a monopoly regarding the use of the terms ‘Macedonia’ or ‘Macedonian’. Article 7 recognises... objective of all the Greek governments for the last 20 years for a 'compound' name with a geographical
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Current account deficit widens in March due to deteriorating goods trade balance
EconomyMacroeconomyago. The secondary income balance showed a deficit of 62 million compared to 20 million deficit... in last year’s first quarter. Exports in the aggregate period rose by 1 percent and came to 7.7... by an increase in foreign arrivals, which went up by 7 percent in the aggregate period. Travel payments
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Greek banks maintain focus on key areas as elections approach
EconomyBankingfrom over 20 jurisdictions placing orders as part of the book building process. The notes are placed... of 2 billion euros in mortgages, and Cairo, consisting of 7 billion euros in non-serviced loans 500... worth around 1 billion euros. The administrative procedures to complete the deal are currently
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New Democracy starts rolling out its first three bills
PoliticsGreek Politicsthat it should become law by July 31 or August 1. The other draft laws are due to be passed by August 8. Parliament will then close until August 20. The bill submitted on Thursday aims to restructure part... Democracy fulfilling the pledges it made in the run-up to the July 7 national elections. Friday’s
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Newsletter 241 - 28/02/2020
, that would translate to the loss of 1 percentage point of growth, or 1.8 billion euros. The shipping sector..., some of which were destined for the port of Piraeus. Shipping makes up 7 percent of Greek GDP... back the reduction of corporate tax to 20 percent. In May 2020 Greece is due to submit the new
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NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
EconomyBankingpercent QoQ to 288 million. In 2019, NII rose by 7 percent, to 1.19 billion euros. The full-year figure... lending fees, as disbursements towards Greek corporates accelerated to 1 billion in the quarter...), bancassurance, digital channels and lending fees up by nearly 20 percent YoY. Operating expenses in Q4 came
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Waiting for Eurogroup outcome, ND and SYRIZA focus on economic interventions
PoliticsGreek Politicsedging up to around 20 pct, bringing back bad memories from the recent economic crisis in Greece... or refugees who have arrived in Greece since March 1 will be housed in different facilities... the number of deaths reached 73, which translates into 7 per million. The death rate is higher than some
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Updated IMF DSA sees Greek debt as sustainable in medium-term, risks over long-term
EconomyMacroeconomypct in 2022. After that, they return to the IMF’s long-term real GDP growth estimate of 1 pct... between 2021 and 2029 would raise debt-to-GDP by 7 percentage points. A more severe scenario... threshold in the near-term and approach 20 pct of GDP by 2029. A more pronounced fiscal shock
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Athens poised for new round of talks with Turkey
PoliticsForeign Policyuntil March 7. It was a Turkish initiative to propose the date of March 16 just 10 days before... called his Turkish counterpart, Erdogan, since taking office on Jan 20. Egypt Against this complex... for exploration and exploitation of oil and natural gas in 24 blocks. The round, which concludes on August 1
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