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BoG provides details of ambitious plans to slash NPLs via SPV
EconomyBankingexample of the scheme, BoG proposes the transfer of all denounced loans which stand at about 40... of provisions over loans will be brought down to 41 percent from 49 percent. All four systemic
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingin a single transaction to the SPV, which the bank will securitise in 2019. All shareholders will retain... billion to 4.6 billion by the end of 2019. NPEs from all categories will be transferred to the SPV
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Skopje moves ahead with name deal ratification as Athens watches closely
Foreign PolicyGreek Politicsparty (FYROM) of the completion of the constitutional amendments and of all its internal legal... and push forward the agreement. In the first scenario, there will be no agreement at all and FYROM has
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Overdue social security contributions rise to 34.35 bln in Q3
EconomyMacroeconomythe beginning of 2017, all past due SSCs from all pension funds that are not actively settled have been
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Newsletter 186 -07/12/2018
, insolvency legislation and product market reforms. We all agree that it is paramount to continue... the new legislation, the total time for the issuance of all required permits for the implementation
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Piraeus eyes major NPE deal as banks remain focused on bad loans
EconomyMacroeconomysay that the bank is launching a closed tender for the management of all its NPEs in Greece... on the bank’s bottom line. In return for this, a private placement will be used to cover nearly all
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Newsletter 189 -11/01/2018
with knowledge of the deal say that the bank is launching a closed tender for the management of all its... to cover nearly all of the 500 million euros Tier II issue that the bank has planned to raise capital
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Tourism continues on upward trajectory as latest figures signal record-breaking arrivals
EconomyMacroeconomywas the leading territory for generating tourism revenues, accounting for 64 percent of all revenues... for 4.6 percent of all travel and generated 648.6 million euros in revenue, edging up by 1 percent
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Pension outlay still falling, 40.4 pct of main monthly payments below 500 euros
EconomyMacroeconomypercent of all main pensions) concern pensions which fall below the 500-euro mark. For around 20,343 main... percent of all pensioners are aged between 51 to 60 years old, largely reflecting the uptake of early
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Tsipras set to secure support for name deal after delay to vote
PoliticsGreek Politicsa geographical qualifier and would be used erga omnes, in all situations. Tsipras argued that his... acceptable to all mainstream parties. He suggested that the only reason New Democracy is opposing
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