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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgramme, we understand that pension measures and NPL resolution will be among the key priorities. Pensions... on the NPL issue has now turned to the management of the huge NPL stock that currently stands
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammeliberalisation of the non-performing loan (NPL) market and the new privatisation fund. Pension... billion, according to the Confederation of Social Security Workers (POPOPK). Secondary NPL market... of a secondary NPL market. However, this is restricted at the moment to the sale of NPLs related to large
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BoG outlines steps to economic recovery, updates on banks' asset quality
EconomyMacroeconomyof a secondary NPL market, the speeding-up of judicial procedures and the streamlining of the real estate collateral liquidation process are expected to contribute to a gradual drop in current NPL ratio. Overall, banks would be required to substantially reduce their NPL stock within the next two years. 2
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Newsletter 67 - 18/03/2016
on the full liberalisation of the non-performing loan (NPL) market. In contrast, the government has proposed SME and self-employed loans below a certain limit be exempted from NPL sales, while also... offset an increase in operating costs. On the asset quality front, the non-performing loan (NPL
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HFSF General Council appoints interim CEO and Deputy CEO
EconomyBanking, the Finance and Economy ministries and the Bank of Greece a study including a non-performing loan (NPL... of obstacles for large corporate NPL restructuring, suggestion for a coordination framework among banks..., HFSF has to facilitate and assist the NPL resolution and coordination of stakeholders, to enhance
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Greece gears up for second review, faces wide-ranging reform to-do list
EconomyProgramme. The latter is targeted to reform benefits and generate savings of 0.5 percent annually. NPL resolution There are two prior actions related to NPL resolution. The first relates to the amendment... NPL resolution for corporate and sole proprietors that would concern the total number of companies
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Newsletter 96 - 18/11/2016
. Piraeus also disclosed its targets for non-performing loan (NPL) and exposure (NPE) reduction... NPL formation for the third consecutive quarter, while the NPE stock also edged lower by 163 million... NPL formation for the second straight quarter, while the NPE formation fell sharply by 70 percent
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammewill also decide on at least five applications for NPL servicing licences. In addition, BoG... Greek banks’ NPL strategies and targets. Supporting the banks’ efforts to meet their NPL reduction
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NBG records net profits of 73 mln in Q4, turns profitable for whole year
EconomyBanking, while the group’s figures 43.6 and 55.9 percent respectively. The non-performing loan (NPL) formation... figure of 42 million. Therefore, the NPL ratio fell to 32.9 percent in Q4 from 34.3 percent in Q3... in the previous quarter. Moreover, the NPL coverage ratio rose to 74.3 percent in Q4, remaining
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Newsletter 114 - 07/04/2017
narrows Banks met NPE and NPL reduction targets The general government (gg) primary cash surplus fell... stressed. Greek banks met both their non-performing exposure (NPE) and non-performing loan (NPL) reduction... billion lower than the targeted 105.8 billion, while the NPL pile stood at 75.9 billion, 400 million
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