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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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A sudden turnaround that could lead to sharp shock
Agoraclosed in 2013, with the economy contracting by 3.2 pct. By 2013 total Greek economic activity had... transport take the lion’s share of services receipts, representing more than 83 pct of total..., the total revenues at risk are 17 billion euros. To complete the picture of external demand, from
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Govt calls on local businesses and banks to free up capital for investment
PoliticsGreek Politicsevidence that it can back up its claim of making the country more attractive for foreign capital. As such, and having provided ample support to local businesses during the pandemic (the total state
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Honey, I shrunk the Greeks vol. 2
Agoraclaims, you end up with a “subordination risk” where private money is seen as being inferior... capital requirements on banks that were barely recovering from the crisis of 2008-2009. As was explicitly
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Who pays property tax and how much revealed by Greek authorities
EconomyMacroeconomyinto who paid the levy. The total ENFIA due in 2016 amounts to 3.18 billion euros and stands 2.2...) of 2016 ENFIA stems from 7.37 million individuals that would have to pay a total amount of 2.71... are due to pay a total of 466.8 million euros this year, up by almost 10 percent from last year’s figure
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Last round of Greek banks' recapitalisation drastically shifts shareholder structures
Economyand the voluntary bond swap offers (LME). In addition, two banks (NBG and Piraeus) received a total state aid... in Greek banks is the European Bank for Reconstruction and Development (EBRD), which invested a total... suit at 2.77 billion, Piraeus at 2.61 billion and Eurobank at 2.41 billion. Overall, the total market
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