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Deposit flow in positive territory at 638 mln in May
EconomyMacroeconomydeposit balance increased to 119.41 billion in May. The breakdown showed that sight and time deposits... million, mitigated by general government outflows of 305 million. Following the positive deposit flow... currently stands at 43.6 billion, 47.4 billion lower than that in mid-August 2015.
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingsecured against real estate collateral, with a 1.45 billion on-balance sheet gross book value. The final price was rumoured to be equivalent to more than 20 percent of the portfolio's nominal value..., and will lead to the bank’s NPE ratio falling by more than 100 basis points. Upon completion
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Banks focus on defining challenge of reducing NPEs
EconomyBankingany distractions to tackle the major challenge of de-risking their balance sheets by reducing... target for NPEs is to reduce the balance to 16.8 billion by December 2019. The target for Eurobank... the NPE balance to under 20 billion euros by 2020, and the NPL balance to under 10 billion euros
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Greek banks' NPL selloff gathers speed
EconomyBankingbalance sheet, announced recently that it has signed a binding agreement with B2Holding group... balance comes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros.... Piraeus Bank expects to reduce the NPE balance to under 20 billions euros by 2020, and the NPL balance
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Newsletter 44 - 25/09/2015
of the third memorandum of understanding (MoU) in mid-August. Since then, the better than expected GDP growth for the second quarter and the stronger than anticipated tourism numbers have raised hopes... drastic clean up of their balance sheets. Nevertheless, such a development would provide
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingwith the auction of around 350 properties, which is 70 percent more than across the full year of 2016. P&L NII... due to phasing in rules for capital, with no impact expected on P&L. Balance Sheet Eurosystem... with a group of investors rather than a public issue. The bond was placed with the European Investment
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoraas NPLs (repayment delayed by more than ninety days) reaching 22.9 per cent. Such staggering NPL...’ balance sheets. The nominal volume is approximately 74 billion euros. The payment for the distressed... institutions that required public capital injections so as to remove these from the balance sheet
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The men who would be prime ministers
Agorathan his colleagues, should call for Tsipras to resign and snap elections to be held. It came... before him, he has more than the same single string to his bow. *This article first appeared in last... prime minister,” he told Skai TV. Greeks have paid dearly for the headstrong rush to power made by its
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Newsletter 23 - 17/04/2015
that this reflects his view, rather than the consensus within the government. by Antonis Samaras... view, rather than the consensus within the government. Energy Minister Panayiotis Lafazanis.... The group NPL ratio (NPLs over gross loans) climbed by more than 1.5 percentage points to 32.2 percent
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April hirings balance positive by 110,895, aggregate balance highest on record
EconomyMacroeconomyThe employment balance was positive in April with 110,895 more hirings than departures, data from... balance was noted in the 64 years and over age group, where there were 589 more hirings than... balance showed 159,775 more hirings than departures. Ergani noted that the balance for the first four
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