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BoG sees ample capital space for banks to sell bad loans
EconomyBankingagainst what proportion of the stock in scope is sold, ranging from 25 percent to full sale, 100 percent..., in scenarios 2 and 3, Greek lenders can sell more than 75 percent of portfolios in scope, i.e. 27.1... that the total coverage ratios of provisions and collaterals exceed 100 percent and that almost 79 percent
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Greek banks' NPL selloff gathers speed
EconomyBankingto provide viable domestic financing, something that the enormous NPL pile of over 100 billion euros... balance comes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros... million in Q2, and landed at 26.8 billion, beating the target for the month by around 100 million euros
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBanking, and will lead to the bank’s NPE ratio falling by more than 100 basis points. Upon completion... position in Greek non-performing credit, a market with circa 100 billion euros of NPEs”, said Alon... or into early 2019, a collateralised portfolio of NPLs from small and medium sized businesses worth 2
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Sales of HELPE, DESFA and shipyard progress while protests hamper ROSCO, PPC
EconomyProgrammeand railroads Positive news also emerged regarding the Elefsina shipyard, the shares of which are currently 100... to obstruct the privatisation of a 100 percent stake in rolling stock firm EESSTY SA (ROSCO) by Italian... is targeting just over 2 billion euros in revenues from privatisations this year. The latest preliminary
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingof non-performing loans (NPLs) came to 16.5 billion euros in Q2, increasing by 100 million QoQ... into costlier management actions, according to the bank. Balance Sheet Eurosystem funding fell by 2 billion... reliance at 3.1 billion euros. As at the end of August, ECB funding reliance was down by around 100 million
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Moments to remember from the euro crisis
Agorainflation below 2 percent) and b) by the economic data made available to the governing council... close to 100 billion euros of Greek debt at the time Athens signed its first bailout... representing more than 100 percent of the GDP of Ireland. I conveyed to Ireland the same message as to all
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingbillion euros. Exits came to around 640 million and write-offs to 100 million. This was offset..., with the NPE cash coverage ratio standing at 47 percent, and total NPE coverage at over 100 percent... asset impact (-4 bps) and other activities (-2 bps) along with period results (+8 bps). The bank
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Newsletter 204 -03/05/2019
recovery strengthens. 2 PMI rises to 56.6 in April Headline figure hits 19-year high as sentiment... slightly compared to previous month, consumer confidence rises The index has remained above 100... above 100 points in the year so far. Compared to April 2018, the ESI has fallen by 2.3 points
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingformation of 300 million and write-offs of 100 million. Overall, the domestic NPE stock came to 14.3... from 378 bps in Q4. Net fee income fell by 11 percent QoQ to 59 million and showing a decline of 2.... Loan impairments in Greece came to 100 million in Q1 versus 59 million in Q4, corresponding to a cost
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Eurosystem funding rises by 84 mln in Apr, ELA eliminated
EconomyMacroeconomybillion for a fourth consecutive month. April’s figure reflected a rise of 100 million euros in European... of its regular ELA-ceiling bulletin as the level had fallen below 2 billion euros. In March... funding made up 100 percent of all funding, having overtaken ELA funding as the main component in April
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