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Loan interest drops to 4.59 pct in September
EconomyMacroeconomy-financial corporations the rate edged up to 0.16 percent from 0.14 percent. The average interest rate on deposits from households with an agreed maturity of up to one year decreased by 9 bps to 0.45
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBankingservicers collectively managed 17.5 billion euros up to June this year. Additionally, the new company also.... Hercules aims to take up to 30 billion euros in bad loans of the balance sheets of Greece’s systemic
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Changes to primary residence protection proposed in bid to draw more applications
EconomyFeaturesof the proposal. Once a contract is signed, monthly state subsidy payments will begin for terms lasting up to 25 years. In taking up the scheme and redesigning loans that have run into trouble, banks will also
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Looking to build on support for relief measures, ND unveils new tax bill
PoliticsGreek Politicschallenge facing Greece. The tax bill picks up where the first round of legislation tabled... will run for a duration of up to 15-years and will include the benefit of no inheritance tax
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Sino-Greek engagement: Path to 'win-win cooperation' is not always linear
Agorawould be very welcome.” (Kathimerini, 26. September 2019). Such ambitious rhetoric is backed-up... Investment came up short in their bid to buy National Bank of Greece SA’s (NBG) insurance unit Ethniki
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Watchdog raid strains testy relationship between banks and govt
EconomyBankingcustomer charges for various services in the domestic market. The raid lasted up to the late hours... government would like to have with the bankers during its term. The clean-up of the banks’ balance sheets via
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IMF consultation report pinpoints health of Greek banks as central to growth
EconomyBankingtake up by banks and borrowers. At the same time, liquidations of non -viable companies have... Greece closer to the euro area average by end-2021. Banks should build and clean up capital
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Focus shifts to DSA, fiscal targets after IMF loan prepayment
EconomyProgrammeprepayment had a payment schedule up to 2023 that started at 2.35 billion euros in principal... will strengthen its case as it prepares to step up negotiations with the eurozone over the possibility
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PM aims to maintain pace of economic reforms as public worries about migration
PoliticsGreek Politics’s cabinet meeting, where Prime Minister Kyriakos Mitsotakis urged his ministers to keep up the pace.... The fact that there is resistance from SYRIZA helps ND contrast its swift move to tidy up and privatise
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Car sales rise by 12.5 pct in November
EconomyMacroeconomyrose by 12.3 percent with the absolute figure standing at 12,876. The remainder was made up... period, totalling 175,725. The remaining sales in the first eleven months were made up of motorcycles
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