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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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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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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingand unsecured consumer loans for a total outstanding principal of 1.1 billion. Of the total... portfolios worth 1.9 billion euros in total under the names Project Jupiter and Project Mercury. The sale.... As of Q2, the figures came to a combined total of 28.3 billion, meaning that 2.4 billion remain
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingfrom 81 percent previously. Under new guidelines submitted by the bank, the total stock of NPEs... a total gross book value of 1.8 billion. Two further bad loan portfolio sales are also on schedule with a total gross book value of 1.7 billion euros. These are code named Project Nemo, which deals
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Newsletter 187 -14/12/2018
in the previous month. Since the start of the year, total arrears have fallen by 702 million, with declines seen... of the total, making up the majority of arrears with tax refunds in second place at 23.9 percent. Central... of around 33,800 in those employed, bringing the total to 3.9 million. The largest increase
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Newsletter 197 -8/03/2019
is that the applicant’s total savings should be no more than 50 percent of the unpaid loan, which means... this to be brought down to 25 percent. Another condition is that the total value of other property held... consecutive month The composition revealed that ECB funding made up the vast majority of total liquidity
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Newsletter 214 -12/07/2019
-on-year, the figure for those employed increased by 74,993 or a rise of 2 percent. Total employment... pct in June Sales increased by 8.8 pct in the aggregate period From January to June 2019, a total... of the total, passenger car sales rose by 4.4 percent with the absolute figure standing at 19,028
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