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Lenders wait for prior actions to be completed, Athens expects 4.5-bln tranche
EconomyProgrammethat claimed it would be somewhere between 7 and 8 billion euros by insisting that Athens is only... on Friday that European Union sources suggest that the final amount may reach around 7 billion euros... that the government wants to set aside, although it is expected that the figure will be within 10
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BoG looks at other programme exits and options available to Athens
EconomyProgrammeand 7 PPS. Cyprus has a number of common characteristics with Greece in the way it concluded its..., it issued 5, 7 and 10-year notes. In July 2016, just months after the completion of the programme, it issued..., the Commission has earmarked 10 billion euros of programme financing for the accumulation of reserves
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Eighteen core goods led exports during crisis, NBG study notes
EconomyFeaturesin the last eight years. This is followed by Germany, where 10 percent of Greece’s exports head each year... the crisis, roughly 6 to 7 percent, exports to non-EU countries grew at a slower rate. In these markets, Greek exports rose on average by 3 percent per annum during the crisis compared to an average of 7
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankingeuros by 2020, and the NPL balance to under 10 billion euros. P&L As mentioned, NII stood at 699 million... last year, up by 7 percent. In H1, recurring operating expenses showed a decline of 4 percent... been budgeted for 2018. Gross loans further contracted by 7 percent QoQ to 53.75 billion in Q2
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PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
EconomyFund Facility (EFF). The amount outstanding is just over 10 billion euros and the last repayment... years, the IMF is one of Greece’s most substantial creditors. Obligations to the Fund total 7... in the region of 7 billion. These were bonds that were excluded from the PSI in 2012 and carry high interest
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingbe further reduced to single digits by 2021 with an NPE deconsolidation of approximately 7 billion... of the 7 billion transferred to the SPV and 2 billion from the securitisation of 2 billion euros-worth... per share. The combined group is targeting strong sustainable earnings per share and over 10 percent
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PDMA sets out plans to build on recent market forays with bond issues in 2019
Economystands at 18.5 years. The maturity profile is generally rather benign, exceeding 10 billion only four... to issue between 3 and 7 billion euros of benchmark bonds in 2019. Also factored in are 1.2 billion euros... the maximum of 7 billion.
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SYRIZA seeks to recover from election shock, ND prepares for power
PoliticsGreek Politicsto be held on July 7. Alexis Tsipras spoke to SYRIZA’s central and electoral committees on Monday to launch... to party officials indicated the winning margin in Sunday’s vote would be 10 points. In a radio... a parliamentary majority. It appears that elections are likely to be held on July 7, rather than June 30, so
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Newsletter 208 -31/05/2019
elections, which will be held on July 7. Questions are also being asked about SYRIZA’s own polling ahead... Theodorikakos had presented to party officials indicated the winning margin in Sunday’s vote would be 10... 7 election winner a clear parliamentary majority. This is based on a scenario in which the parties
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankingterm of the contract will be for 10 years, with the company being licensed and regulated by the Bank... to single digits by 2021, with an NPE deconsolidation of approximately 7 billion in a single... the potential upside from the NPEs. By 2019, the bank intends to reduce NPEs through a combination of the 7
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