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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankingentered into a strategic agreement with Intrum for the management of NPLs worth a total of 27... that will manage the real estate owned assets portfolio, which contains properties worth around 1 billion... inflows, plus third party REOs. The agreement values the platform at 410 million euros. The total
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Newsletter 425 - 31/05/2024
captured by the data, as 40 pct of the total savings comes from 1 pct of the Greek households. Annual... to be considering a reduction of up to 1 percentage point in employers’ contributions, which Mitsotakis said... in the banking sector turned negative in April by 789 million euros, from a positive movement of nearly 2
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Central govt debt rises by 1.5 bln in Q2, to 407 bln
EconomyMacroeconomyyears) debt made up 71.2 percent of the total, while short-term (up to 1 year) and medium-term (1... reflect a rise of nearly 2 billion euros in bonds and higher repos by roughly of 1.5 billion euros... of the total, accounting for 56 percent. The value of FSM loans came to 227.11 billion euros in Q2, unchanged
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Athens set to profit from falling borrowing costs as yields drop ahead of review completion
EconomyFeatures. The transaction included a switch and tender offer of the 5-year bond issued in April 2014 for a total amount... the yield reached 4.625 percent. The transaction settled at the end of July and total offers exceeded 6.25... were a strip of 20 issues that matured between 2023 and 2042, with escalating coupons that started at 2
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Newsletter 241 - 28/02/2020
, that would translate to the loss of 1 percentage point of growth, or 1.8 billion euros. The shipping sector...’s three securitisations under the code name Cairo, with a total value of 7.5 billion euros... billion in total. The portfolio consists of three different securitisations of varying size
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Newsletter 448 - 24/01/2025
who has already voiced his support. Under the current system, this means it will take a total four... dividendsThe Greek government’s economic narrative, built around growth that exceeds 2 pct... in total - earn up to 800 euros. Some 23 pct of workers are earning between 800 and 1,000 euros
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Wealth in Greece plunged by 170 bln since 2007, report finds
Societyper country since 2007 displayed substantial differences with Germany and Switzerland adding over 2 and 1 trillion respectively, while peripheral countries like Spain and Greece suffered large losses... (58,900) and Slovakia (33,300) are at the low end of the spectrum. In absolute terms, the total
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MPs approve redevelopment of ex-Athens airport, which study sees having key economic impact
Economyproperty (ENFIA) taxes are expected to make up 1.3 and 1 percent of total tax revenues respectively... of the agreement and a total of 51 percent will be paid by 2018. HRADF also said that the preferred investor accepted to undertake 8 billion euros in total investments, of which 80 percent will be implemented
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General govt primary cash surplus at 4.51 bln in eight-month, arrears increase to 6.03 bln
EconomyMacroeconomydeficit of 2 million euros. However, the figure for 2017 still underperformed that of 2016 which stood... by 306 million while subsidies rose by 131 million. In total, social benefits accounted for just over... refunds which increased to 35.1 percent of the total amount and stood at 2.11 billion, the highest figure
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Newsletter 146 -12/01/2018
Fotiou highlighted that the total amount spent will increase from around 650 million euros to 910 million... of the total debt. The stock of gg guarantees fell by 2.83 billion, slowing from the substantial decline... to stand at 662 million with a collectability rate of 86.8 percent. In total, the stock of overdue
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