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BoG highlights areas of concern in underlying NPE data
EconomyBankingthat are unlikely to pay and those in delay between 1 and 90 days are important indicators for the direction of credit risk. Unlikely to pay exposures stood at 27.8 billion euros, which is 31 percent of NPEs... in the first half of the year to 19.9 billion euros, representing 22 percent of total NPEs. It is important
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Parties vie for voters' attention as New Democracy prepares for congress
PoliticsGreek Politics. At the same time, the coalition is highlighting that some pensioners will see their retirement pay..., or Katrougalos law, passed in 2016. Around 620,000 recipients, out of a total 2.6 million pensioners... being awarded pay that was deemed to have been illegally cut in 2012. An amendment submitted
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Greece tax wedge rises two places to 13th highest among OECD countries, report finds
EconomyFeaturessecurity contributions together account for 69 percent of the total tax wedge, compared with 77 percent of the total OECD average tax wedge. While the tax wedge for a worker with children may be lower... to an average single Greek worker having a take-home pay after taxes and benefits of 73.9 percent versus
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NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
EconomyBankingreached 3.7 billion euros. ‘Unlikely to pay’ and loans past due by 1-90 days are good indicators of how credit risk is developing. There are some positive signs in the reduction of ‘unlikely to pay..., which is close to 60 percent. Forborne loans exceeded 46 billion; representing 25.7 percent of total
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SYRIZA zooms in on inflation, pandemic weaknesses to boost popularity
PoliticsGreek Politicspersistence. Another 106 Covid-related deaths were recorded on Tuesday, taking the total toll.... The leftists voted in favour of the outlay on a total of 24 planes to upgrade Greece’s defence capabilities... of respondents said they can pay their energy bills without any problems, while 24 pct said they cannot
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Newsletter 367 - 27/01/2023
months to help households pay their shopping bills. Mitsotakis went on to say that he expects.... The government expected total tax revenues in 2022 of 50.05 billion euros, a rise of 7.5 pct against... was not the outcome of the economy growing beyond expectations but due to Greeks having to pay significantly higher
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Newsletter 206 -17/05/2019
the schemes allowing debtors to pay off their arrears to the state and social security funds in up... million euros and represented around 70.6 percent of the total debt. The stock of gg guarantees fell... guarantees came to 350 million as mentioned, leaving the rest of the total for guarantees split between non
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Newsletter 210 -07/06/2019
, pointing out that this would allow Greece to pay off its debt quicker. One of the potential dangers... in as many months. The total number of permits came to 1,156, rising above the 1,000-permit mark after... euros. As of April the total for overdue debt, including both new and legacy debt, stands at 104.56
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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... in DTCs as a cushion. This effectively means that they pay 9 billion euros for debt with a nominal value... for the management of NPLs worth a total of 27 billion euros via a special purpose vehicle. Intrum and Piraeus
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Newsletter 271 -30/10/2020
, while 12 more deaths took the total to 615. Despite the dip in Thursday's figure, the number... authorities search for ways to avoid a total lockdown and the economic fallout this would bring. 270 vehicles... and is forced to pay rent to live in his own home. SYRIZA believes that it gained in political terms from
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