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Newsletter 74 - 20/05/2016
and an increase in the excise tax on energy fuel, cigarettes and tobacco. The liberalisation of the NPL... surplus of 2.38 billion, outperforming the target by 1.81 billion, largely on the back of a strong... with strong production characteristics, extroversion and making a contribution to the domestic economy
29% -
NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBanking. On the asset quality front, the Greek non-performing loan (NPL) ratio picked up in July due... in Q2. For the group, NPL also peaked to 26 percent in Q3 from 24.6 percent in Q2 with the coverage ratio easing to 71.8 percent in Q3. The most marked increase in NPL formation was recorded
28% -
Mortgage loans a key piece of NPL reduction puzzle
EconomyBankingthat in the second quarter (Q2) of the year, Greece’s four systemic banks had met their NPL reduction... to be formally submitted for NPL reduction targets between 2019-2021, a separate category has been... end up with banks. But to meet NPL reduction targets, the spectre of stepping up property auctions
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBanking) of the year, Greece’s four systemic banks had met their NPL reduction targets. Excluding off-balance... that sales had overtaken write-offs as the main method of NPL reduction. Other factors It has been noted...’s four systemic banks are expected to officially announce their new NPE and NPL targets
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How Greek banks were left on the brink
Agorawere oversubscribed more than 1.5 times amid strong interest - primarily from international.... Non-performing loan (NPL) formation went on an upward trend again after a short-lived slowdown... delayed their loan servicing payments also waiting for an NPL settlement scheme promised by the new
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankingwas the significant acceleration in the non-performing loan (NPL) formation, which jumped threefold..., where NPL formation reached 327 million versus almost zero in Q2. Deposits fell 0.7 percent quarter
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Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
EconomyProgrammeimpact on banks’ liquidity and macroeconomic stability. A secondary NPL market is regarded as being... 22 billion euros in the NPL reduction effort. The sMoU builds on the already established process
26% -
BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingthe transaction on October 1, 2019. The end result will be the largest NPL management company... Europe, Eurobank’s licensed NPL servicer, Financial Planning Services S.A (FPS). The bank currently owns
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Paris attacks change backdrop for Tsipras visit to Turkey
PoliticsForeign Policyattacks and the strong mandate Erdogan's AKP received in the recent elections. Tsipras however insists
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PM prepares to defend inflation fight against backdrop of political gridlock
PoliticsGreek Politics. This sentiment is particularly strong among ND voters (77.4) and also resonates with a majority of PASOK
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