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Newsletter 133
would not oppose the draft legislation. Budget primary surplus at 3.54 bln in August Credit... to 1.19 billion, increasing slightly against the target by 17 million. The pace of credit contraction... million in the household and corporate lending sectors, respectively. Credit to non-financial
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Athens set for 6.7 bln bailout tranche, talks on post-MoU framework
EconomyProgrammeof a credit line, saying this would involve insecurity and a new MoU, which the government does not want... Conditioned Credit Line (PCCL) and Enhanced Conditions Credit Line (ECCL). This framework would... the economy,” he said. Tsipras also ruled out the option of a credit line, noting that it was agreed
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Parties mark out battle lines for next elections
PoliticsGreek Politicsseeking a precautionary credit line, along with the conditionality that would come with it. He referred to the New Democracy-led coalition’s decision in 2014 to seek an Enhanced Conditions Credit Line... Democracy had ever recommended that Greece should seek a precautionary credit line. “I have never
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S&P upgrades Greece to 'B+' on back of Eurogroup agreement
EconomyS&P was the first credit rating agency to respond to last week’s Eurogroup agreement by raising Greece’s long-term credit rating to ‘B+’ from ‘B’ on Monday. The outlook was also updated to stable... authorities have a poor record of attracting direct investment from abroad. Further credit ratings upgrades
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Newsletter 172 -27/07/2018
strong growth in May Having updated Greece’s credit rating ahead of schedule at the end of last... Greece on ‘B’ and Moody’s on ‘B3’, which is a ‘B-‘equivalent. At ‘B+’ Greece’s credit rating remains.... Healthier banks could provide credit to the more productive parts of Greece's critically important
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Newsletter 185 -30/11/2018
left for the country’s credit institutions. BoG highlights that Greek lenders have made significant... of the NPE development that require the determined focus by Greece’s credit institutions. More... are important indicators for the direction of credit risk. Unlikely to pay exposures stood at 27.8
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingcredit card usage mainly due to tourism, a pick-up of new loan disbursements and a higher contribution.... The decline in H1 is largely attributed to the higher than usual fees from credit cards recorded in Q1 2018..., higher credit cards usage stemming mostly from the tourist season, as well as an increasing contribution
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBankingpercent. The high stock of NPEs, combined with ongoing deleveraging, after close to a decade of credit... there is a credit gap of 59 billion euros and that the improved quality of loans, added to other quality... againts credit risk and direct it to the credit expansion that businesses and households need
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Newsletter 260 -31/07/2020
credit rating to ‘BB’ on Friday night, maintaining the stable outlook. Fitch was the last rating... confidence indicator rose by 24.1 points to -31.7 points. Credit contraction at 0.4 pct June figure interrupts three consecutive rises in as many months Credit movement in the Greek private sector
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Newsletter 271 -30/10/2020
with savings inflows of 5.07 billion, which offset time outflows of 3.03 million. Credit growth in September up by 2.4 pct Business lending drives uptick Credit movement in the Greek private sector rose... lending, the balance of credit to non-financial corporations was positive by 660 million euros
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