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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingin Greece. Also during June, Eurobank announced that it had entered into a binding agreement with PIMCO’s... been code-named Project Pillar by Eurobank. The bank will retain 100 percent of the senior notes... Europe, Eurobank’s licensed NPL servicer, Financial Planning Services S.A (FPS). The bank currently owns
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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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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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Newsletter 401 - 10/11/2023
from 46 pct for Alpha Bank, close to 60 pct for Piraeus and 55 pct for Eurobank. The latest set of results built on the positive momentum in the sector, which started a few weeks ago with Eurobank’s... lenders continue to be expansive in their business plans in the region after Eurobank grew its stake
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Controversial migration bill divides government factions
PoliticsGreek Politicsmakes it easier for Greece to deport failed asylum seekers and restricts the right to residency... illegally, you only have one option, to return; you are not welcome”. The new legislation makes... 5-year prison sentence or voluntary deportation. The migration minister claimed this makes Greece
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The wrong prescription
Agoraand petrol stations makes the distribution network for OTC products sparser. This increases welfare... their share of medicine costs. The OECD also makes no mention of the fact pharmacies have to pay... contest. Ultimately, this comes down to a question of survival. The OECD itself makes it clear in its
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Newsletter 156 -23/03/2018
conservative figures were implicated in the Novartis bribery claims makes it clear that SYRIZA is hoping it can inflict irreparable damage to Mitsotakis’s fortunes. In such an environment, it makes... pct in Jan Index makes strong start to the year, reversing decline of December Greece’s industrial
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Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
EconomyMacroeconomythat construction is expected to be subdued makes the projection of construction growth of 7.9 percent.... The Council makes a point that in 2017, the balance of other goods, that exclude oil and ships... growth of 2 percent during the period is not just an optimistic forecast. As result, the Council makes
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