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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankingA major NPL deal moved closer towards realisation yesterday when Piraeus Bank announced that it had... will be the largest NPL management company in Greece. In their recently released first quarter (Q1... is on target to meet its 2019 NPE reduction target of 3.5 billion. The NPL stock edged down slightly by 70
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBanking, with NPE coverage standing at 55.7 percent. At the same time, domestic non-performing loan (NPL) formation dropped by 1.1 billion in Q2 to bring NPL stock to 9.1 billion. This led the group NPL ratio to stand at 26.4 percent. The NPL coverage ratio stood at 77.4 percent. Regarding NPL sales, the bank
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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBankingbillion euros. By segment, NPL formation in the wholesale segment increased by 110 million euros... securitisation, NPL formation in the wholesale segment will drop by 1.64 billion euros and by a further 57 million euros in the retail segment. Within retail NPL formation declined in all three sectors
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Newsletter 122 - 09/06/2017
missed the non-performing loan (NPL) reduction goals for the first time. Specifically, the NPE stock... Working Group, Thomas Wieser, telling an Austrian newspaper that he believes there is a 95-percent
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Newsletter 266 -18/09/2020
, declining by 20.6 percent year-on-year (YoY). Apartment prices rise by 4.1 pct in Q2 Increase... to an index of 66.7 in Q1 2020. The rise in the nominal value of apartments in Greece came to 4.1... came to 67 compared to an index of 66.7 in Q1 2020. Old apartments, classified as over five years old
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Newsletter 288 - 12/03/2021
. Apartment prices increase 4.2 pct in 2020 Rise in Q4 slowed to 2.6 pct The latest quarter’s... of apartments in Greece came to 2.6 percent year-on-year (YoY) in the fourth quarter (Q4) of 2020 from... to an index of 67.5 in Q3 2020. Old apartments, classified as over five years old, saw their prices increase
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As Bank of Greece lines up Stournaras to take over, it reveals how risky things got during crisis
EconomyMacroeconomywere transferred from Italy on June 10, 2010, 1.92 billion from Austria on June 16, 2011 and 1.84 billion also from Austria on November 24, 2011. The first money delivery involved 100-euro banknotes
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Wealth inequality in Greece has grown at faster rate than eurozone peers during crisis
Societyit in the middle of the group of eurozone countries named above. Germany and Austria are in the next group... than in Germany and Austria. Credit Suisse’s report also indicates that the top decile in Greece
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IMF: Greece's GDP spend on asylum seekers 6th highest in EU
Societyis likely to result in a modest increase in economic growth – mainly in Austria, Germany and Sweden – over... countries (Austria, Germany, and Sweden)”. Although Greece, along with Italy, serves as the first landing
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Newsletter 61 - 05/02/2016
, Austria, the UK and the Scandinavian countries. Having survived the perilous journey on wintry seas... by the quartet of international lenders. If the objective of recipient countries such as Germany, Austria, the UK
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