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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agoraissue of asset quality, Piraeus recorded a negative non-performing loan (NPL) formation for the second straight month, Eurobank’s figure turned negative for the first time, while NBG posted marginal NPL formation of just 2 million euros in Q2. Overall, the four banks recorded a negative NPL formation
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Greek banks' NPL selloff gathers speed
EconomyBankingto provide viable domestic financing, something that the enormous NPL pile of over 100 billion euros... have their own NPL portfolio sales in the works, which have attracted strong interest. Alpha Bank... of the portfolio has been undertaken by CEPAL Hellas Financial Services, which is the the first NPL
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Apartment prices down 9.2 pct in Q3 as lifting of foreclosure ban mulled
EconomyMacroeconomyApartment prices in the Greek market fell by 9.2 percent in Q3 at a slightly decelerating pace..., the drop in apartment prices accelerated from a mid-single digit level in 2010 and 2011 to a low double... ban is seen exerting further pressure on apartment – particularly small and medium – prices, meaning
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Apartment prices down by 3.9 pct in Q1 for seventh straight QoQ fall
EconomyMacroeconomyThe fall in Greek apartment prices decelerated for the seventh straight quarter to 3.9 percent...). The latest headline figure is the 24th successive negative reading since Q1 2009. Apartment prices also... decreased by 24.6 and 28.2 percent respectively in Q1. As a result, the index of apartment prices further
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Q2 rise of 7.7 pct in apartment prices marks 12-year high
EconomyMacroeconomy, respectively. Apartment prices in Greece began to decline in the first quarter of 2009. The biggest annual fall.... The sharpest quarterly rate of decline was seen in Q4 2012, when apartment prices showed a YoY drop...The rise in the nominal value of apartments in Greece came to 7.7 percent year-on-year (YoY
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economyhas currently an ELA cash buffer in excess of 4 billion. The non-performing loan (NPL) ratio rose..., though, that the NPL formation more than halved to 111 million in Q2 from 264 million in Q1, while... to 31.8 billion on September 24. The NPL ratio rose to 34.3 percent in Q2 from 34 percent in Q1
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NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBanking-performing loan (NPL) ratio rose to 24.6 percent in Q2 from 24.3 percent in Q1, while the Greek ratio showed a slower increase QoQ to 32.1 percent. Note though that the NPL formation considerably... to 41 million euros. In the domestic market, housing loans showed a material improvement in the NPL
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EU digital certificate seen as boost for tourism against backdrop of worsening pandemic
PoliticsGreek Politicsthe backdrop of the worst day of the pandemic so far in Greece. On Wednesday, the national public health
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Newsletter 60 - 29/01/2016
is that it is practically impossible to “control” a sea border, as Frontex spokeswoman Ewa Moncure recently highlighted... islands to prevent them simply moving on en masse to other parts of Europe. On this subject, a lot... that one of the ideas mentioned during an EU interior ministers’ meeting this week was for a large refugee
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Search for solutions, not scapegoats in EU's refugee crisis
Agoraspokeswoman Ewa Moncure recently highlighted. There are few people crossing Greece’s land border with Turkey... refugees and migrants arrive on its islands to prevent them simply moving on en masse to other... that one of the ideas mentioned during an EU interior ministers’ meeting last week was for a large refugee
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