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Greek banks' NPL selloff gathers speed
EconomyBankingfor the disposal of a Portfolio of Retail Unsecured Non-Performing Loans. The total outstanding aggregate balance comes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros... at 90 million or approximately 4.5 percent of the total outstanding principal amount. The servicing
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Greek banks push for return to normality
EconomyBankingthe total of non-performing exposures (NPEs) to stand at roughly 35 percent of all loans by the end of next year. Moody’s saw the bank’s capital at comfortable levels, with the CET1 ratio for the total... by 3.29 billion month-on-month. July’s reduction brought the total for central bank funding to 13.02
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Newsletter 179 -19/10/2018
by Prime Minister Alexis Tsipras at the Thessaloniki Expo in September. Of this total, 766 million... at 1.57 billion, beating the target by 433 million euros. Of the total revenues, 1.42 billion were EU... YoY to 1.67 billion, falling under the target by 1.24 billion. Out of the total PIB expenditure, 1.32
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December current account deficit at 1.51 bln and 5.28 bln for 2018
EconomyMacroeconomyprices total exports of goods decreased by 3.5 percent and total imports of goods decreased marginally. In absolute terms, total imports came to 4.29 billion euros and total exports came to 2.46..., total exports of goods increased by 7.1 percent and total imports of goods grew by 7.1 percent
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingvalue of 40 billion, banks have around 24 billion euros in provisions. DTCs total around 7 billion... for the management of NPLs worth a total of 27 billion euros via a special purpose vehicle. Intrum and Piraeus... values the platform at 410 million euros. The total purchase price for Ιntrum’s acquisition
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How Greek banks were left on the brink
Agorawith non-financial corporations following with 7.2 billion (23 percent of total). The bulk of outflows, 27.6 billion corresponding to 88 percent of total, stemmed from time deposits. Sight deposits... foreign investor participation in T-Bill rollovers. In the December to April period, total deposit
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No let-up in tension with Turkey as MPs prepare to approve maritime boundary deals
PoliticsGreek Politicsthis, inferior, deal. The opposition party is trying to find a way of criticising ND’s handling... Minister Heiko Maas to the Greek capital and Ankara on Tuesday will result in any breakthrough..., the feeling in the Greek capital is that if Turkey is not faced with a united EU front and tools
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Deposit flow turns negative with outflows of 681 mln in Oct
EconomyMacroeconomy). Since December 2014, when the country entered into a period of political instability, total... (7.63 billion) and June (7.58 billion). Total deposits - which also incorporate general government... at the end of October. On top of private sector, the total deposit negative flow incorporates gg
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Greek tourism's long-term growth prospects are good, report shows
EconomyMacroeconomypercent of GDP. The report shows that the total contribution of travel and tourism to GDP, including... was ranked 26th in terms of direct tourism revenues and 29th in terms of total contribution worldwide..., with Greece ranking 102nd and 110th for the direct and total contribution respectively. The money spent
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Trade after Brexit: How Greece and the EU will be affected
Agora. Total trade volume between the EU and the UK exceeded 7,000 billion pounds during the period of 1999-2015, accounting for more than 51% of UK's total global trade. To paint the picture, the USA in the second place accounts for 13.6 of the UK's total global trade with almost 1,900 billion pounds
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