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Tsipras makes unpopular choice for president, with eye on political balance
PoliticsGreek PoliticsIn a somewhat controversial choice, Prime Minister Alexis Tsipras chose former Interior Minister Prokopis Pavlopoulos as his party's presidential candidate yesterday. There was a mixed reaction... Finance Minister Wolfgang Schaeuble about comments he made this week on feeling "pity" for Greek
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Professional liars in pandemic times
Agorareceived a lot of media space not only in shows on obscure Youtube channels but also on national TV... of various theories about the coronavirus. Senator Rand Paul, a Republican from Kentucky, stated that he
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Bank recap and NPL management create conundrum in bailout talks
Economydiscussed with lenders is also the creation of a bad bank or an NPL asset management company (AMC... guarantee. The institutions are reportedly proposing any decision on NPL management be delayed until... favour the active NPL management within each bank, the NPL sale to distress funds or the NPL
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Greek banks meet NPE and NPL reduction targets in Q4 2016, mostly on write-offs
EconomyBankingGreek banks met their non-performing exposure (NPE) and non-performing loan (NPL) reduction targets... was reduced to 104.8 billion, a billion lower than target of 105.8 billion, while the NPL pile stood... to a target of 50.5 percent, while the NPL ratio landed at 36.2 percent against a target of 36.4 percent
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Newsletter 148 -26/01/2018
and concern that the coalition may even fall apart over this matter. Speaking to ANT-1 TV on Wednesday... to the efforts of banks to reduce the stock of bad loans. The goal to lower Non-Performing Loans (NPL) through... of the operational NPL reduction target. For 2018, banks are planning to auction around 10,000 properties
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The great turn-off: Greece's TV permits auction
AgoraAt the start of the process to auction four TV licenses in Athens last week, one of the people... of usual suspects did not seem to herald a new era for TV in Greece. Beyond that, the start of the auction... broadcasting had been an open wound since the first private TV stations went on air in the late 1980s
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingpressure in the future once the draft law on SBL NPL settlement is passed. Operating expenses eased... gross loans. The non-performing loan (NPL) ratio remained flat QoQ at 33.6 percent with consumer credit NPL at 41.3 percent, corporate at 34.3 percent and mortgages at 29.7 percent. NPL formation dropped
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBankingof retail NPEs have already been assigned to CEPAL, the first NPL servicer licensed in Greece, while... aims to reduce its parent NPE and NPL stock by 12.3 and 11.6 billion respectively until December 2019... loans with property collaterals. National Bank of Greece has a decent NPL profile with a ratio of 37.3
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Hercules NPL reduction scheme receives first application from Eurobank
EconomyBankingreduction of the existing NPL stock was now of utmost importance. Among the country’s other banks, Alpha... loans. Greece’s four systemic banks have agreed with the ECB/SSM to reduce their NPL ratios below 20 percent. However, even after achieving this Stournaras noted that the NPL ratio in Greece will be five
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Newsletter 114 - 07/04/2017
narrows Banks met NPE and NPL reduction targets The general government (gg) primary cash surplus fell... stressed. Greek banks met both their non-performing exposure (NPE) and non-performing loan (NPL) reduction... billion lower than the targeted 105.8 billion, while the NPL pile stood at 75.9 billion, 400 million
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