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Lenders set out post-MoU reform tasks ahead for Athens
EconomyProgrammeframework that will allow banks to reduce their NPL exposure such as the household and corporate insolvency law, out-of-court workout, NPL sales and e-auctions. Greece also commits to implementing
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBankingcombined NPE and NPL stock to stand at 25.9 billion by the end of the year, and to fall further... (QoQ) to 92.4 billion, 1.3 billion lower than the target of 93.6 billion. NPL stock came to 63.9
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IMF flags up weak growth, long-term debt sustainability and reform pledges in Article IV report
EconomyProgrammesystem should remain as banks continue to reduce their high stock of non-performing loans (NPL) and the executive board urges banks to pursue even more ambitious NPL reduction targets, take full
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No final word on pension cuts as lenders prepare for return to Athens next week
EconomyProgrammepriority.” “The performance of Greek banks has so far been broadly in line with their approved NPL targets, as shown in the Bank of Greece’s quarterly NPL monitoring reports,” he said. “However
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Newsletter 175 -21/09/2018
leading role in NPL issue Effect of capital controls on card payments illustrated in ECB report... that in the second quarter (Q2) of the year, Greece’s four systemic banks had met their NPL reduction targets
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Falling bank shares prompt coalition to take closer look
PoliticsGreek Politics, by 2021. While the more aggressive approach to NPL reduction is seen as positive move, it has also... capital adequacy levels, they beat their NPL reduction targets in the first half of the year, deposits
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Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
EconomyBankingover the last few days with the ECB’s Single Supervisory Mechanism (SSM) to agree the new NPL... around 50 percent, by 2021. While the more aggressive approach to NPL reduction is seen as a positive
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingprogress in reaching its NPL reduction larget. The decision was made after a meeting by the bank’s... in NPL stock, along with 16.1 billion euros in NPE stock. Merger The merger is capital and earnings
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Lenders put spotlight back on pending reforms ahead of second post-MoU review
EconomyProgramme) will ensure NPL reduction continues without any problems and, finally, the completion of key privatisations... of the banking system, including NPL resolution efforts by ensuring the continued effectiveness
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Lenders deem second post-MoU review over, Athens waits for debt relief
EconomyProgrammescheme in the wider context of the resolution framework of non-performing loans (NPL). The new... scope of NPL reduction, the Greek authorities have provided an updated target of clearing the entire
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