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NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007
EconomyBankinggovernment representation in its Board of Directors has been ceased. Eurobank At the end of last week, Eurobank announced it completed the sale of an 80 percent stake in its insurance unit Eurolife to Costa Luxemburg, a company jointly controlled by Fairfax (controlling 16.9 percent in Eurobank
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IFRS 9 provisions required by banks in line with expectations
EconomyBankingis 1.1 billion euros net of tax, Eurobank announced with its full-year 2017 results that the impact... in 2018 is 11 basis points (bps) for Alpha, 16 bps for Eurobank, 25 bps for Piraeus and 50 bps for NBG. The total impact on capital adequacy is seen at 230 bps for Alpha, 290 bps for Eurobank, while
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Greek banks' NPL selloff gathers speed
EconomyBanking, and the wheels are already in motion. Loan sales The first bank to take the plunge was Eurobank, which... Planning Services S.A. (FPS), a wholly owned subsidiary of Eurobank, licensed by the BoG. According to reports, Eurobank will receive a management commission of 0.5 percent of the principal loan pool
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Banks step up securitisation drive following pandemic interruption
EconomyBankingup for lost time in restoring the health of their balance sheets. Eurobank was at the most advanced... the overall transaction that included the sale of an 80 pct stake in its loan management arm Eurobank Financial Planning Services (FPS) to doValue. Eurobank signed a 14-year agreement, from 10 years
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May sees 48.7 pct rise in number of new cars in circulation
EconomyMacroeconomyThe growth in the number of road motor vehicles (going into circulation for the first time... motor cars were registered in the Attica region (Athens, Piraeus and the suburbs), where the growth rate was even higher at 56 percent in May. In 2013, road motor cars posted an increase of 1.3 percent
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Car sales still going strong in 2014; up by 33.7 pct in October
EconomyMacroeconomyΤhe rate of growth in the number of road motor vehicles going into circulation for the first time... for the fourteenth consecutive month. In absolute figures, the number of road motor cars stood at 9,158..., which registered 57 percent of total motor vehicle circulation licenses, showed a higher growth rate
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Car sales rise by 3.7 pct in Jan
EconomyMacroeconomyThe number of road motor vehicles going into circulation for the first time increased for the third... reached 8,533 making up 80 percent of road motor cars. In 2015 cars rose at a double-digit rate... of additional road motor cars reached 116,168 in 2015 implying a nosedive dive by two-thirds over the 2008
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Car sales down 17 percent in February
EconomyMacroeconomyAfter rising in the preceding three months, the number of road motor vehicles going.... In absolute numbers, the additional road motor cars reached 6,990 in February, which is the lowest reading... at 5,534 making up 79 percent of road motor cars. Following the negative performance in February
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Car sales soar 42.9 pct in July, also reflecting a low base effect
EconomyMacroeconomyThe number of road motor vehicles (going into circulation for the first time) surged 42.9 percent... in road motor cars compared to the 9.2 percent recorded in the first half. Passenger cars posted... percent of road motor cars and almost 64 percent of passenger cars were registered in the Attica
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Car sales rise at a slower pace of 14.1 pct in Aug
EconomyMacroeconomyThe number of road motor vehicles (going into circulation for the first time) increased by 14.1... reading since the beginning of the year. The aggregate figures point to a 13 percent growth in road motor... percent. It is worth noting that passenger cars make up 83.5 percent of road motor cars, while around 63
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