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  1. Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
    Photo by MacroPolis

    EconomyBanking

    around 7 billion euros as well under the government's plans. Guarantees of 2 billion euros.... ِAn additional 5 billion euros of loans will include 2 billion euros of state guarantees, 1 billion

    3%
  2. Overall loan interest drops to series low of 4.06 pct in March
    Photo by MacroPolis

    EconomyMacroeconomy

    , which includes credit cards, open account loans and overdrafts rose by 2 bps to 14.67 percent. The average interest rate on consumer loans with a defined maturity at a floating rate rose by 2 bps to 10.67

    3%
  3. Greece draws strong interest, attractive yield by re-opening 10-year bond
    Photo by MacroPolis

    Economy

    and 2 billion from a 7-year syndication in April are takεν into account, the Public Debt Management... of the debt plans. Greece has also drawn approximately 2 billion euros more from increasing the size of T-bill

    3%
  4. Newsletter 266 -18/09/2020

    Newsletters

    forecasts. 2 Current account deficit at 874.5 mln in July Sharp drop in travel receipts drives..., against an increase of 2 percent in 2018. Apartments over 5 years old saw prices increase by 6.9 in 2019

    3%
  5. Apartment prices rise by 4.1 pct in Q2
    Photo by MacroPolis

    EconomyMacroeconomy

    an increase of 2 percent in 2018. Apartments over 5 years old saw prices increase by 6.9 in 2019, against..., and by 2 percent in other areas of Greece during Q2. For the whole of 2019, based on revised data

    3%
  6. All eyes on Piraeus as share price tumbles amid coupon payment concerns
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    that took place in 2015, Piraeus Bank had issued 2 billion euros of convertible bonds (CoCos) that pay... billion euros of NPEs through two portfolios: Phoenix, which is worth 5 billion, and Vega for 2 billion

    3%
  7. Banks intensify balance-sheet clean up with securitisations, new bonds
    Photo by MacroPolis

    EconomyBanking

    as joint lead managers for a 500 million-euro issue of subordinated Tier 2 bonds. If comes after the bank.... The Tier 2 bond issue will bolster the bank’s capital adequacy by about 150 basis points

    3%
  8. Piraeus announces transformation plan amid 2020 loss of 662 mln
    Image via www.piraeusbank.gr

    EconomyBanking

    NPE reduction in 2020, including write-offs, was around 2 billion euros in last year, bringing..., as well as Sunrise 2, with a gross book value of 4 billion euros, will bring the cumulative

    3%
  9. NBG posts net loss of 423 mln in Q4; profit of 38 mln in 2020
    Image via www.nbg.gr

    EconomyBanking

    . For 2020, core PPI came to 610 million euros, a rise of 2 percent year-on-year (YoY). The bank also.... P&L Net interest income (ΝΙΙ) rose 3 percent QoQ to 314 million. In 2020, NII fell by 2 percent

    3%
  10. CPI down by 1.6% in March, marking 12-month continuous drop

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) fell by 1.6 percent year-on-year in March, following a drop of 1.3 percent in February and a decline of 2 percent in January, Hellenic Statistical Authority... the services index fell by 1.3 percent YoY. The harmonised index of consumer prices (HICP) fell by 2 percent

    3%