Search
-
BoG outlines steps to economic recovery, updates on banks' asset quality
EconomyMacroeconomyof a secondary NPL market, the speeding-up of judicial procedures and the streamlining of the real estate collateral liquidation process are expected to contribute to a gradual drop in current NPL ratio. Overall, banks would be required to substantially reduce their NPL stock within the next two years. 2
11% -
HFSF General Council appoints interim CEO and Deputy CEO
EconomyBanking, the Finance and Economy ministries and the Bank of Greece a study including a non-performing loan (NPL... of obstacles for large corporate NPL restructuring, suggestion for a coordination framework among banks..., HFSF has to facilitate and assist the NPL resolution and coordination of stakeholders, to enhance
11% -
Greece gears up for second review, faces wide-ranging reform to-do list
EconomyProgramme. The latter is targeted to reform benefits and generate savings of 0.5 percent annually. NPL resolution There are two prior actions related to NPL resolution. The first relates to the amendment... NPL resolution for corporate and sole proprietors that would concern the total number of companies
11% -
Newsletter 96 - 18/11/2016
. Piraeus also disclosed its targets for non-performing loan (NPL) and exposure (NPE) reduction... NPL formation for the third consecutive quarter, while the NPE stock also edged lower by 163 million... NPL formation for the second straight quarter, while the NPE formation fell sharply by 70 percent
11% -
The key elements of the draft agreement between Greece and lenders
EconomyProgrammewill also decide on at least five applications for NPL servicing licences. In addition, BoG... Greek banks’ NPL strategies and targets. Supporting the banks’ efforts to meet their NPL reduction
11% -
NBG records net profits of 73 mln in Q4, turns profitable for whole year
EconomyBanking, while the group’s figures 43.6 and 55.9 percent respectively. The non-performing loan (NPL) formation... figure of 42 million. Therefore, the NPL ratio fell to 32.9 percent in Q4 from 34.3 percent in Q3... in the previous quarter. Moreover, the NPL coverage ratio rose to 74.3 percent in Q4, remaining
11% -
BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report
EconomyMacroeconomy, along with amendments to the institutional framework governing NPL management companies, which... that going forward banks needed to increase efforts to achieve their operational NPL targets... to reduce NPL stock, the slight fall in non-performing exposures (NPEs) and the plans to ease capital
11% -
Banks meet NPE reduction targets in Q3, adjust targets for next two years
EconomyMacroeconomy-on-quarter (QoQ) to 99.1 billion, which is 796 million lower than the target of 99.9 billion. NPL stock... is significantly more ambitious than the previous one, which came to 72.8 billion euros, with the NPL ratio adjusted to 21.1 percent from a previous target of 36.1 percent. Most of the estimated NPE and NPL
11% -
Lenders set ambitious e-auction targets for Athens
EconomyProgramme. At the start of the 2009 crisis, when the NPL ratio was still a single-digit figure, 58,849... (NPL) through liquidations has risen to 13.5 billion euros by the end of 2019. This represents 30 percent of the operational NPL reduction target. For 2018, banks are planning to auction around 10,000
11% -
Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBanking, NPL stock has declined by 5.7 billion. It was also noted that in line with targets, the parent NPE... billions euros by 2020, and the NPL balance to under 10 billion euros. Post-stress tests sales After... of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new and 50 percent rolled over
11%