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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesof 2007, declining to 172,000 by 2013. Homes in cities lost more than 40 percent of their value over... rentals in the travel industry is very much up in the air. After Airbnb lost more than half of its value... of short-term rentals have long argued that they were mechanisms for “quick value extraction
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Trade deficit falls by 27.1 pct in August
EconomyMacroeconomydropped by 22.2 percent during the month. When stripping out the impact of oil products and the value of ships, imports fell by 1.7 percent, while exports fell by 5.1 percent. Excluding the value of oil... and the value of ships, aggregate imports decreased by 6.1 percent and exports increased by 0.8 percent
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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBankingon the Phoenix and Vega NPE securitisations via the Hercules scheme, which have a total gross book value of 7... price (calculated at 6.00 euros currently). The tangible book value will rise by 2 billion euros... returns to our investors and adding value to our people and the community,” he concluded.
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Alpha Bank enters agreement with Davidson Kempner for 10.8 bln Galaxy securitisation
EconomyBanking, though it does specify that the agreement puts the whole enterprise value of New CEPAL, the company formed by the transaction, at 267 million euros. That would put the sale's value at 213.6 million euros. The enterprise value includes a contingent element of 17 million euros if the deal
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingit expects to complete the Phoenix and Vega NPE securitizations, with 7 billion total gross book value..., as well as Sunrise 2, with a gross book value of 4 billion euros, will bring the cumulative... outside the Hercules framework in 2021 with a gross book value of 1.5 billion. To help deal
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Newsletter 297 - 21/05/2021
society; avoiding social exclusion; increasing the added value of domestic production; reducing regional... in the nominal value of apartments in Greece came to 3.2 percent year-on-year (YoY) in the first quarter... the majority of the total, accounting for 64.2 percent. The value of FSM loans came to 244.3 billion
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Piraeus and Alpha forge ahead with share capital raises and securitisations
EconomyBankingbillion euros in gross book value. The implied valuation of the transaction based on the nominal value of the senior notes and the sale price of the mezzanine and junior notes, corresponds to 34.5 pct of the gross book value. Piraeus also said that it has already applied for the state backing
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Trade deficit shoots up by 52.8 pct in Oct as imports exceed pre-pandemic levels
EconomyMacroeconomyby 48.1 percent. Excluding the impact of oil products and the value of ships, imports rose by 18.1 percent, while exports increased by 16.3 percent. Stripping out the value of oil products and ships.... Excluding the value of oil products and ships, the aggregate deficit was up by 23.3 percent
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Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs
EconomyBankingfor Frontier a week earlier, on October 15. Cosmos has a gross book value of 3.4 billion euros, while... billion euros gross book value, and the sale of Sky portfolio of Cypriot NPEs worth 2.2 billion euros... pct. Mexico has a 3.2 billion gross book value portfolio, and the servicing contract was handed
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Trade deficit nearly doubles to 2.77 bln in Nov; largest since March 2012
EconomyMacroeconomy. Excluding the impact of oil products and the value of ships, imports rose by 33.7 percent, while exports increased by 30.5 percent. Stripping out the value of oil products and ships, the trade deficit rose.... Excluding the value of oil products and ships, the aggregate deficit was up by 19.3 percent, at 16.97
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