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Athens meets bond targets despite testing market conditions
EconomyOn Friday afternoon, one day after the successful completion of the bond issue, the Greek Finance Ministry provided the details of the transaction for the 3 billion notes due 15 February 2025... percent. The final terms of the transaction were released at 14:20 GMT, accepting 3 billion euros from
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Hydrocarbons add to tension between Turkey, Greece and Cyprus
PoliticsForeign Policyto reach Cyprus' block 3 for hydrocarbon research when it was impeded. Turkey is currently conducting military exercises close to Cyprus's Block 2 and 3 and has blocked the area using a NAVTEX
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Cyprus EEZ keeps Greek-Turkish relations on edge
PoliticsForeign Policyby Italian energy company's ENI to Block 3 is still blocked by Turkish warships. Even though the Greek... even though Block 3 is not one of those being challenged by Turkey. This move may for the drillship
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Newsletter 152 -23/02/2018
clearance in 2017. The aim is to reduce state arrears, which stood at just over 3 billion euros in January... for this purpose, including the 3 billion euros it raised from the sale of a 7-year bond in January
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Greek banks' NPL selloff gathers speed
EconomyBankingto Sweden’s Intrum. Intrum offered 3 cents on the euro of loan principal sold, which translated into 45.... The National Bank of Greece (NBG) is proceeding with the sale of an NPL portfolio totalling 3
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingbillion to be reduced in 2019 in order to meet its targets. P&L Net interest income (ΝΙΙ) fell by 3... with the sale of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new and 50 percent
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingmillion euros bringing the stock to 32.9 billion in Q4 2017. Across the year, NPEs were reduced by 3... and providing financing of more than 3 billion to our clients in Greece.”
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PM tries to halt election speculation as poll gap widens
PoliticsGreek Politicsperiod, suggesting that the gap between the two has widened by almost 3 points. Centre-left Movement.... The Metron Analysis poll, like other surveys, shows ANEL on 2.5 percent, which is just short of the 3
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingquarters in which NPE formation has declined. The bank reported that YoY, NPEs have been reduced by 3... adoption of the IFRS9 accounting policy for exposures in Stage 3 (1 billion euros). Net fee
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Lower yields for short- and long-term borrowing boost Athens
EconomyMacroeconomyof 2014, rising to just below 3 percent until June last year. Over the last few weeks, Greece’s long... exchanged. The subsequent benchmark maturity is for 3 billion euros in August 2022.
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