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Newsletter 74 - 20/05/2016
by posting a positive bottom-line result for the first time since Q3 2011. In specific, the bank’s net... market means that NPLs could be sold by banks, with the exception of mortgages on primary residences... prevents any repossession of primary residences with an “objective” property valuation of up
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Lenders fret over reform delays as Brussels revises 2019 growth forecast upwards to 2.2 pct
EconomyProgrammeas a result of strong external demand that led to net exports being the main driver of growth during... a new framework for the protection of primary residences by the end of the month. Speaking... the current Katseli law, which prevents banks from foreclosing on primary residences if borrowers cannot meet
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammeof the residual mortgage. Apart from the primary residence framework, Greece is also expected to make... for the protection of primary residences from foreclosure after the two sides failed to agree... of the draft legislation still being discussed are whether business loans secured against primary residences
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Government makes last-minute change to main homes bill in bid to satisfy creditors
EconomyProgrammeresidence scheme, the creditors will be satisfied that the eligibility criteria are not too generous...MPs are due to approve on Friday the new framework for the protection of primary residences from... that the threshold for the balance on business loans secured against primary residences should be no higher than
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Launch of new insolvency process may carry political significance
PoliticsGreek Politicsthe scheme’s acceptance is that it coincides with the withdrawal of protection for primary residence... of the new insolvency framework, which includes an end to the protection of primary residences for most... is equally critical of the current government when households lose primary residences. Another source
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Funding needs take centre stage in row between New Democracy and SYRIZA
Economyrelates to extraordinary T-Bill issues. The amount of T-Bills stood at 13 billion at the end of November. However, an extraordinary issue of 3-month T-Bills of 1.6 billion on December 10 led the current... published a press release on January 12 noting that the T-Bill amount cannot surpass the 15-billion mark
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July credit contraction at 1.5 pct, slowest since Aug 2011
EconomyMacroeconomyand was the last sub-2 percent reading. After a short-lived net addition of 430 million euros in June, lending flow turned negative in July with net deductions at 607.4 million, which is the second highest reading so far this year. July flow stems from household and corporate lending net deductions of 382
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Newsletter 49 - 30/10/2015
reportedly demanded that the new eligibility criteria be limited to homeowners whose residence... residences from foreclosure, VAT on private education and pharmacy ownership. On the foreclosures front
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Deadline for liberalisation of household and SME NPLs looms closer
Economycorporates and non-primary residence mortgages are allowed. The issue of consumer and SME NPLs... billion relate to primary residences. In addition, SME and sole-proprietors’ NPEs stand at around 20
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Banks and government inching towards new framework to protect primary homes
EconomyProgrammeTalks between banks and the Greek government on the primary residence protection framework are due to continue this week, with the latter being left under no illusions by its European lenders.... Eurogroup An agreement on the new framework for primary residences is seen as one of the key
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