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Banks focus on defining challenge of reducing NPEs
EconomyBanking3 cents on the euro of loan principal sold, which translated into 45 million euros for the whole... is proceeding with the sale of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingformation has declined. The bank reported that year-on-year, NPEs have been reduced by 3 billion... of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new and 50 percent rolled over
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BoG report outlines benefits of surveillance and scenarios for debt
EconomyBankingin scenario 3 primary surpluses lower than 2.2 percent that the Eurogroup assumed, at 1.5 percent... meets this criterion. However, scenario 3 of lower primary surplus breaches the 20 percent threshold
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For better or worse: Greece's bailout exit deja vu
Agoraprogramme were for a primary surplus of 3 percent in 2015, going up to 4.5 percent of GDP in 2016..., Greece was expected to reach a primary surplus of 1.5 percent of GDP and double it to 3 percent
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IMF voices concerns over long-term debt, sees more relief being needed
EconomyProgrammea primary surplus of 2.2 percent of GDP on average and a long-term nominal growth of 3 percent... in at 2.7 percent instead of 3 percent. Even in this scenario, which is closer to the European
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Eighteen core goods led exports during crisis, NBG study notes
EconomyFeaturesare considered to be rising export products, meaning that although they make up 3 percent of Greek..., Greek exports rose on average by 3 percent per annum during the crisis compared to an average of 7
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Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
EconomyBankingwas -66 million, followed by small businesses (-64 million) and consumer loans (-3 million..., and fell by an additional 2.1 billion to 3 billion in August 2018. Management noted that deposits
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Countdown to Macedonia name deal vote has PM weighing up support
PoliticsForeign Policythis respite will last as ANEL is under immense pressure because it is polling below the 3 percent.... If there is a confidence vote, there are 145 SYRIZA deputies along with 3 ANEL MPs and an independent lawmaker
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Lenders set to keep coalition waiting for answer on pension cuts
PoliticsGreek PoliticsThe Greek government is likely to have to wait until the December 3 Eurogroup until it finds out whether its request for next year’s pension cuts to be shelved will be accepted by the country’s... technocrats are reportedly due to meet on November 22 to prepare for the December 3 Eurogroup
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Coalition hopeful on pensions, looks to maximise impact of limited relief measures
PoliticsGreek Politicsthe green light. Until now, the December 3 Eurogroup was seen as the most likely meeting at which Athens... government more than one on December 3 as the final version of the budget has to be submitted
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