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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammethat the institutions have asked for the cut-off date to be moved back by two months, to the end... is set to agree to the threshold for the maximum deposits an applicant can have being set at 30 percent of the residual mortgage. The maximum level of the residual mortgage was set at 130,000 euros
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A campaign that leaves Greece in pain
Agorathe fact that as the ruling party it has the most prominent platform and the biggest duty to set... ended up in such a profound economic and social crisis because the rot set in over many years, well... that derailed the country. They set the bar high but have spent much of the last five years content to pass
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Mitsotakis earns space to govern with big win, Tsipras limits damage
PoliticsGreek PoliticsSolution on 3.7 percent and MeRA25 on 3.48 percent. Far-right Golden Dawn looked set to miss out... for, the result was close to the target that would have been set by Mitsotakis. However... majority in Parliament for New Democracy, which is set to claim 158 of the 300 seats. This means
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ND prepares first three bills for votes before Parliament's summer recess
PoliticsGreek Politics’s 158 MPs would vote, but what policy agenda the centre-right party would set out over the three-day debate. The government is set to bring three bills to Parliament by August 10, when the House... is also set to contain a provision for the scrapping of the so-called university "asylum" law, which
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Management of NPLs to test gov't in negotiations with lenders
EconomyFollowing an agreement on foreclosures that was part of the first set of milestones, Greece now has... scheme for liquidators in consultation with the Hellenic Financial Stability Fund (HFSF). 4) Set up... of a special-servicing joint venture Aktua Hellas, 45 percent owned by Alpha and 55 percent by Aktua
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NBG boosts capital base by selling total stake in Finansbank
EconomyBankingfinancial results, making up around 42 percent of the group’s core revenues and 45 percent of core pre-provision income (PPI). In addition, the group’s net loans are set to decrease by 17.5 billion euros to 46.3 billion after the transaction, while deposits are also set to be reduced by 13.9 billion to 41.9
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBanking. Instrum offered 3 cents on the euro of loan principal sold, for an amount of 45 million euros... translates into 10 million euros annually. Banking sources suggested that this inaugural transaction set.... It is rumoured that it is packaging a set of consumer loans worth 1-1.5 billion euros for sale.
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBankingbillion, exceeding the annual target of 18.1 billion set by the NBG. The decrease in the NPE stock... euros in mortgages. The group NPE ratio edged up to 45.2 percent from 45 percent in Q2, due to loan... liquidity by around 770 million, the bank noted. Vojvodjanska and NBG Leasing (Serbia) are set to close
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Banks focus on defining challenge of reducing NPEs
EconomyBanking3 cents on the euro of loan principal sold, which translated into 45 million euros for the whole... and price that Piraeus’s Ameoba sale will receive. Auctions Domestic lenders have also set themselves... to the Bank of Greece a set of proposals for the further relaxation of capital controls. Bankers argue
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Greece falls to 79 out of 190 economies in ease of doing business ranking
EconomyFeatureswas in this indicator with a rank of 153. The data set shows that the number of procedures required... of 45 out of 100. On the score on the strength of legal rights, Greece scored 2 out of 12 compared... to 65 last year. The data set running from 2006 showed that the number of tax payments in a year has
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