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  1. Banks make steady progress on improving balance sheets via securitisations

    EconomyBanking

    and 15 pct of corporate loans and will bring the NPE ratio of Eurobank down to 7.3 pct. Meanwhile, NGB..., the bank’s NPE ratio will drop to 13 pct. The efforts to bring NPEs down to ratios closer

    2%
  2. IMF ups 2021 growth forecast to 6.5 pct, but keeps modest outlook for longer term
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    down the forecast in Spring to 3.8 pct growth. Last October’s estimate also had Greek GDP dropping... is seen growing by 6.5 pct in real terms this year, before slowing down to 4.6 pct growth in 2022

    2%
  3. Retail sales grow for fifth month in a row but rate eases to 8.8 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Growth in Greece’s retail sales slowed down in August, rising by 8.8 percent year-on-year (YoY), from a slightly downward revised 13.1 percent in July, Hellenic Statistical Authority (ELSTAT) data... a 3.2-point MoM drop last month, down by 6.4 points to -44.7 points in October. Consumer confidence

    2%
  4. From the National Energy and Climate Plan to COP26: What has Greek climate policy learned?

    Society

    in the short to medium term, but is in fact doubling down its investment in this particular fossil... results, and weak state capacity – always considered a problem in Greece – has slowed down

    2%
  5. NBG profits up to 714 mln in 9M as NPE ratio is reduced further
    Photo by MacroPolis

    EconomyBanking

    period of 2020, improving by 19 pct. Pre-provision income (PPI) stood at 963 million euros, down... in Q1 from debt security transactions, mostly Greek government bonds. Trading income was down 50 pct

    2%
  6. Alpha Bank reports 2.5 bln loss in 9M as it intensifies effort to clean up balance sheet
    Photo by MacroPolis

    EconomyBanking

    euros. These transaction upon completion by year-end will bring the NPE ratio down to 13 pct. P&L NII was 1.09 billion euros in the 9M, down by 6 pct from the 1.15 billion euros in the same period

    2%
  7. OECD adds to strong recovery forecasts, sees 6.7 pct growth this year and 4.8 pct in 2022
    Photo via http://www.oecd.org/

    Economy

    in 2022, at 4.8 pct, before slowing down to 2.9 pct in 2023. The growth composition is in line... path, with the general government deficit contained to 4 pct next year and down to 1.1 pct of GDP

    2%
  8. BoG sees banks on right path, warns impact of pandemic not visible yet
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    improved up to June this year, with the NPE stock down to 20.3 pct, from 30.1 pct at the end... since December when it stood at 47.2 billion, down by 17.8 billion euros. BoG notes that the overall

    2%
  9. PM seeks to leave ICU controversy behind as Tsipras ups stakes with snap election call
    Photo by MacroPolis

    PoliticsGreek Politics

    ballot in 2023 currently seems slim. On Saturday, Mitsotakis sought to play down the controversy that had... likely that Tsipras’s decision to call for Mitsotakis to step down was triggered by the recent change

    2%
  10. Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    and by the end of 2024 at just one billion euros. Eurobank has managed to bring its NPEs down to 2.9 billion... pushed the NPE ratio down to 11.8 pct and improved the capital base by 1.5 percentage points

    2%