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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingthe form of sales. Eurobank In mid-October, Eurobank announced that it had signed an agreement..., approximately 1 billion will appear on the bank's balance sheet. The sale is part of Eurobank's plan to reduce
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingMoody's predicted that Eurobank and National Bank of Greece are best positioned to meet the targets... stated. Eurobank’s Project Pillar non-performing loan sale is moving to its next phase and attracted... a combination of loan portfolio sales along with the sale of a stake in FPS, Eurobank is expecting
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Greek banks eye positive market appetite for bad loan sales
EconomyBanking’s Greek operations by the end of 2022. Eurobank Eurobank is planning to leverage 7.5 billion euros... Eurobank SA as part of the bank’s plans to consolidate its balance sheet. The current legal entity
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Newsletter 241 - 28/02/2020
from Eurobank As was widely anticipated, since it had been trailed by Economic Affairs Commissioner... of the country’s four systemic banks received its first application this week from Eurobank... and loan types which the bank has classified as Cairo I, II and III. In a statement of their own, Eurobank
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BoG governor renews calls for launch of bad bank and ESM use
EconomyBankingits first application from Eurobank. The application related to two of the bank’s three... in total. Last week, Eurobank submitted the final arm of its securitisation, Cairo III..., but those plans now look likely to be put on hold due to the coronavirus. So far, Eurobank remains
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingyear. Eurobank recorded net results of an adjusted profit of 176 million euros in H1 compared to net... ratio stood at 64 percent, while total coverage including collateral came to 117 percent. Eurobank’s... extended payment moratoria to around 2.2 billion euros-worth of mortgages. Eurobank has extended
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Banks moving at pace on road to recovery
EconomyBanking, Alpha Bank - last week - and Eurobank - earlier in the year - issued senior preferred bonds of 500..., callable at 5.5 years. At the end of April, Eurobank had secured a re-offer yield of 2.125 pct and had..., with Piraeus Bank at B3 from Caa2 and Alpha, Eurobank and NBG at B2 from Caa1.
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A third of young Greeks would consider emigrating to escape economic problems
Societysituation. The report, which mainly focused on issues related to consumers’ ability to pay for goods, found... the means to pay them. Over three in four Greeks (78 percent) were late paying least one bill late... late, an answer given by 79 percent of those having paid late, was the inability to pay,” the report
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Revenues spring surprise by beating Sep target, providing 1.4 bln cushion for Q4
EconomyMacroeconomybe attributed to increased ENFIA revenues since a number of taxpayers preferred to pay their tax obligation... will pay (to the bank) their obligation in 9-12 monthly instalments. Moreover, taxpayers with low ENFIA charges may have also preferred to pay the whole amount upfront and not in instalments. It should
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Labour market reforms did exactly what they were supposed to
Agorain the private sector would need to be significantly reformed, pay rates for overtime work would... allow local pay agreements to set wage growth below sectoral agreements and introduce variable pay... flexible hirings of part-time or shift work, with lower weekly hours and subsequently lower pay gradually
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