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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingpercent in the previous quarter. NPL stock declined to 20.5 billion from 20.7 billion in Q4, while the NPL ratio edge up to 35.5 percent in Q1 from 35.3 percent in Q4. The NPL coverage ratio stood at 80 percent compared to 75 percent previously. The bank reported that since the September 2015 peak, NPL
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Newsletter 279 -13/11/2020
. Interior Minister Takis Thedorikakos was also left out of the new line-up to be replaced by Agriculture... Interior Minister, to be replaced by Christos Tarantilis. Altogether, 17 changes were made, including... an enhanced PR system, which has already been voted, and would award the winning party an extra 40 seats
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EP president visit and winding up of rail crash inquiry cast spotlight on rule of law concerns
PoliticsGreek PoliticsAn official visit to Athens by the President of the European Parliament Roberta Metsola gave Prime Minister Kyriakos Mitsotakis an occasion to hit back at the recent resolution passed by European lawmakers expressing concerns about the rule of law in Gr...
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Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBankingfor Greek banks is the effective NPL management. Apart from easing the debt service burden... and Millennium Bank) over the past two years, Piraeus has the highest NPL ratio among its domestic peers at 39 percent in Q3 2014. Its Greek NPL ratio reached 39.4 percent in Q3 more than 5 percentage points (pp
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Newsletter 35 - 17/07/2015
on deferred tax assets (DTA), NPL dynamics and the consequences of higher funding costs because... will continue to hover above Greece until the third bailout has been agreed. Interior Minister Nikos Voutsis
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ND snared in row over jobless benefits as Kasidiaris hints at return after prison release
PoliticsGreek Politicsor any party are a matter for the Supreme Court, not for us.” Interior Minister Thodoris Livanios also... Parliament, the higher the threshold for an outright majority. Conversely, if multiple small parties... created a binding precedent: Kasidiaris cannot form a party, cannot lead one openly or covertly
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Newsletter 75 - 27/05/2016
of prior actions. For the first tranche, these relate to the correction to the legislation on NPL... the exceptionally high figure booked in Q4. The bank also reported a negative NPL formation... bonds and reduced operating expenses. The NPL formation increased in Greece largely due to three
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Banks focus on defining challenge of reducing NPEs
EconomyBankingthe NPE balance to under 20 billion euros by 2020, and the NPL balance to under 10 billion euros... undertaken by CEPAL Hellas Financial Services, which is the first NPL servicer licensed in Greece. NBG is proceeding with the sale of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new
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Newsletter 52 - 20/11/2015
-building within Europe is also a problem for Greece. EU interior ministers were due to agree on Friday..., or multiple disasters to happen. The painful truth is that stopping refugee boats mid-sea and sending them... of people into the European Union in a manner that is not orderly and in numbers that appear overwhelming
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Greece being boxed in by refugee crisis and security concerns
Agorainterior ministers were due to agree on Friday to tighten passport checks at the external borders.... This would be asking for a disaster, or multiple disasters to happen. The painful truth... that is not orderly and in numbers that appear overwhelming to many of the countries affected. It seems the Syrian
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