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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingWhile authorities await the second post-programme survey report, Greece’s banks have continued with their work in reducing bad loans in order to reach the ambitious target of an NPE ratio below 10... strong interest. The portfolio contains around 2 billion euros-worth of housing loans. Non-binding
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Where is the EastMed pipeline heading?
Agorafor it to happen because Greece and Turkey do not agree on how to proceed in order to make a recourse... the binding agent? More than 10 years after the beginning of the Greek-Israeli rapprochement
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Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
EconomyBankinganticipates around the second half of 2020, in order to take the necessary decisions. Piraeus has a total of 7... for the second quarter of the year as well. All three portfolios have received binding offers
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Newsletter 282 -29/01/2021
party in order to secure broad support. SYRIZA argues that this has set Mitsotakis on a path where he..., and these talks are not binding for either side. He also said that there are no common records of these meetings
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Newsletter 279 - 05/03/2021
Securitisations, new bonds are order of the day Piraeus Bank and Alpha Bank both moved forward... ongoing partnership with Swedish loan servicer Intrum AB. Piraeus signed a binding agreement with Intrum
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Mitsotakis-Erdogan meeting scheduled as Athens and Ankara eye quieter summer
PoliticsForeign Policy, in order to reach a legally binding and viable solution,” Dendias said on Friday. Nikos Dendias
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingto resettle, which the bank anticipates around the second half of 2020, in order to take the necessary... disbursements at the end of Q3, lower wholesale funding costs and increased income from investments which.... The current amount for Eurosystem funding is made up fully of European Central Bank funding
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RRF proposals and Pissarides report chart direction of travel for post-pandemic Greece
PoliticsGreek Politicsincludes radical changes to tax policy, social insurance and the education system in order to move... states for the six-year funding programme. Greece qualifies for just under 32 billion euros of funding... for funding. These include a major programme for the energy upgrade of buildings, the connection
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From soup kitchens to school meals, demand for welfare in Athens is surging
Society1,400 people a day but the worrying finding from the survey is that 41 percent of those attending...The City of Athens has conducted the first ever survey of people using its welfare services, including soup kitchens, and the findings of its report provide further cause for concern about the social
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Greece sizes up task of restructuring corporate debt
Economyfor Greece have better prospects although there is a general lack of investment activity. Another finding...The Bank of Greece (BoG) released on Friday the findings of a recent workshop in which representatives from the Finance Ministry, the EU, banks, corporates, international experts and consulting firms
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