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Greek banks brace for recapitalisation, with Piraeus initiating a bond swap offer
EconomyBankingto be covered, according to market sources. However, it remains unclear whether the total capital shortfall would be almost evenly split among the four core banks. This means that even though the total...-plus-baseline capital needs and the higher figure that would stem from the adverse – possibly binding
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Greece close to agreement that would unlock sale of Astir Vouliagmenis
Economy) with the total size of the hotel complex at 120,000 square meters. Market sources indicate that NBG would receive 300 million from the total consideration of 400 million and HRADF the remaining 100 million... on asset sales was on December 21 with the submission of binding bids for the sale of a 67 percent
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Privatisation chief hopeful of reaching 2016, 2018 targets as several sales near conclusion
Economyto generate total proceeds of 5.8 billion euros by 2018, of which 2.5 billion are expected to be collected... will be transferred to the Italian grid operator Snam. Of the total 66 percent stake in DESFA that is directly..., Pitsiorlas said that binding offers from 7 international investors are expected by the end of August
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Newsletter 118 - 12/05/2017
of 8.6 percent in manufacturing production, which retains the lion’s share of the total index... and quarrying production, which accounts for just a fraction of the total index, soared 34.3 percent..., Tzanakopoulos described the court as issuing a “non-binding opinion” rather than a “ruling”. He also said
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Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
EconomyMacroeconomyin September. These fiscal interventions total 910 million euros, nearly evenly split between lowering... disbursements earmarked to build a total buffer in the region of 26 billion euros so Greece could be fully... that have had binding offers while 1.18 billion is envisaged from new projects and bidding rounds
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBanking) with a total outstanding balance of 2.1 billion euros and a total outstanding principal amount of 1.3... strong interest. The portfolio contains around 2 billion euros-worth of housing loans. Non-binding
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingin Q4. The total Greek deposit yield was unchanged QoQ at 40 bps, while the loan yield came to 379 bps... eliminated Emergency Liquidity Assistance. The total amount currently consists of TLTRO funding from... of this year. Non-binding offers have also been received for Project Mirror, an unsecured portfolio
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Eurobank’s NPL sales take major step with two transactions
EconomyBankingof the total gross book value of the portfolio. Subject to approval by the relevant bodies.... The total portfolio carries a gross book value of 7.4 billion euros and has been code named Project...Eurobank announced on Thursday that it had entered into a binding agreement with PIMCO’s Celidoria
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Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
EconomyBankingthe country. A total of roughly 71 billion euros worth of bad loans sit on the balance sheets... anticipates around the second half of 2020, in order to take the necessary decisions. Piraeus has a total of 7... for the second quarter of the year as well. All three portfolios have received binding offers
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Newsletter 279 - 05/03/2021
Covid-19 cases – the highest daily total so far this year – while seven hospitals in Athens ran out... from 1,673 in mid-February to over 2,100, while 90 Covid ICU beds have been added bringing the total... ongoing partnership with Swedish loan servicer Intrum AB. Piraeus signed a binding agreement with Intrum
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