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Athens wrestles with timing of market return, aiming for maximum impact
PoliticsGreek PoliticsEurogroup agreement, the falling yields and the credit rating upgrade on June 23 from Moody’s, which... credit rating for Greece on July 21. Another upgrade could be seen by some government officials... return to the bond markets than the New Democracy-PASOK coalition led by Antonis Samaras in 2014
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Moody's upgrades rating to 'B3,' amid confidence about political outlook, economic prospects
Economycredit worthiness by two notches, to ‘B3’ from the ‘Caa2.’ maintaining the positive outlook. Moody... of Greece’s credit worthiness. The rating agency notes that Greece's performance under its current... “a stronger and more consistent track record than any of its predecessors” which has led to Greece’s
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Newsletter 152 -23/02/2018
credit line that would lead to additional and explicit conditionality. Amid the government’s efforts... upgraded Greece’s credit rating by two notches from Caa2 to B3. Parties agree on inquiry amid... derailment that led to Greece requiring a bailout in 2010. The prime minister wants to convince voters
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Economic sentiment at 104.3 pts in Feb, consumer confidence falls by 2 pts
EconomyMacroeconomythe global credit crunch hit, which eventually led to the perilous state of the country’s finances... anticipated exit from the final programme in August 2018, along with recent upgrades to the country’s credit
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingeuros was noted in consumer loans. The reduction in the NPL stock led to an improvement in the NPL... driven by the negative impact of credit risk resulting from the stressed macro environment... credit for healthy growth.”
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BoG Monetary Policy Report positive on programme end but advises caution for future targets
EconomyBankingthe political spectrum, have led to significant improvements in Greece’s imbalances and the introduction... Yiannis Stournaras had been arguing for a precautionary credit line throughout the spring, mostly.... In terms of Greece’s credit institutions, BoG notes the successful conclusion of the stress test exercise
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Details of bond issue give Athens boost in bid to establish market access
Economyaccounts participated in the book-building process, which led to the final orderbook exceeding 10 billion... basis points. On Friday, Moody's described the bond issue as "credit positive" for Greece. “Greece’s foray into international capital markets is credit positive, as it reflects improving investor
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBanking(-29 million euros) and consumer loans (-1 million). This led the group NPL ratio to stand at 28.2... of credit cards, consumer loans, SBL and small SMEs worth 1.2 billion euros which is expected to close... to the annual update of the expected credit loss (ECL) models and the aging in the retail portfolio
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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBankingmillion. The reduction in the NPL stock led to an improvement in the NPL ratio to 32 percent in Greece... and increased credit card usage for retail transactions in Q4 2018, which created a base effect. Recurring... threshold. The eligible amount to be converted to tax credit claims stands at 3.2 billion euros
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Newsletter 216 -26/07/2019
underlying categories. The improvement was led by inflows of 1.07 billion euros under sales of goods.... Credit contraction stays at 0.2 pct Figures for June show balance standing at 161.16 billion The net... million in May. Credit contraction in the Greek market stayed at 0.2 percent in June, unchanged from
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