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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankinginitiative by the Finance Ministry and the HFSF that will take the form of an Asset Protection Scheme... billion euros. The four bidders were named as Apollo Global, Centerbridge, Fortress and Lone Star. Along
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Banks focus on reducing NPLs linked to property
EconomyMacroeconomytheir debts is beneficial for banks, Greek structured finance and covered bond transactions... the 2-billion-euro portfolio: PIMCO, LoneStar, B2Kapital, Fortress in cooperation with doBank
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Primary cash balance deficit at 7.12 bln in Sept
EconomyMacroeconomyeuros. The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the preliminary Finance
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Primary cash balance deficit at 13.45 bln in November
EconomyMacroeconomyeuros. The aggregate figure for the first eleven months of the year showed that revenues fell by 7.01... of 2020, compared to a surplus of 6.95 billion noted in November 2019, the preliminary Finance
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To Potami aims for rapid rise to third spot in Greek elections
PoliticsGreek Politicsliberal parties, Drasi, threw its weight behind To Potami this week. Drasi has tried for a number... to a broad audience. Drasi gained 1.8 percent in the May 2012 elections and teamed up with another liberal... media coverage than other smaller parties. Drasi always found it difficult to convince voters
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Mounting pension protests exert more pressure on coalition
PoliticsGreek PoliticsNorbert Walter-Borjans, the finance minister of North Rhine-Westphalia to agree a joint declaration..., mostly at UBS. Judicial authorities in Greece have already started inviting account holders to prove
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Are Chinese investments starting to hit a wall in Germany?
Agorafor protection, e.g. aircraft, finance, telecommunication, trains, energy and robotics. In cooperation... the Swiss bank UBS, thereby (temporarily) becoming the single largest shareholder in Germany’s leading
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Piraeus Bank issues Tier II bond to strong demand
EconomyBanking, Piraeus Group Finance Plc." The notes are placed in the international debt capital markets with the aim... by Goldman Sachs International and UBS Investment Bank. The coupon of the issue has been set at 9.75
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How will Trump's tariffs affect Greece?
Agorapositive. Finance Minister Kyriakos Pierrakakis hailed the agreement as a success, preventing... 2026. With the actual tariff now at 15%, the impact may be significantly higher. UBS ranked Greece
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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBankingInvestor DAC, an entity financed by funds managed by affiliates of Fortress Investment Group LLC
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