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Newsletter 201 -21/04/2019
stepped up to recover amounts, the data also revealed that a total of 42,877 debtors (1.1 percent) to the state owe over 93 billion euros in total, while 3.6 million debtors (87.4 percent) collectively owe..., NPEs stood at a total of 81.8 billion euros, which was 12.7 billion lower compared to the end of 2017
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Travel balance at 94.8 mln in Mar and 211.9 mln in three-month period
EconomyMacroeconomy, visitors from Russia rose by 151.7 percent to 11,300. In total, arrivals from the EU 28 countries fell... by 0.2 percent and came to 1.1 million visitors in the first three months of the year. Arrivals... of 19.1 percent to 863,300. In total, arrivals rose by 7.8 percent in the first three months of the year
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankingentered into a strategic agreement with Intrum for the management of NPLs worth a total of 27... inflows, plus third party REOs. The agreement values the platform at 410 million euros. The total... by 86 million in Q1, marking a fourth consecutive quarter of declines, bringing the total to 13
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBanking) formation dropped by 1.1 billion in Q2 to bring NPL stock to 9.1 billion. This led the group NPL ratio... percent in Q2 from 71 percent in Q1. The total Greek deposit yield stood at 37 bps in Q2, down from.... As of the end of 2017, NBG had fully eliminated Emergency Liquidity Assistance. The total amount currently
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Current account balance shows surplus of 1.87 bln in August
EconomyMacroeconomy. Total exports rose by 1.1 percent, while imports rose by 3.4 percent.The respective amounts came... higher net payments of the other (excluding general government) sectors. Total exports in August.... At the same time, total imports reached 4.20 billion euros, from 4.46 billion euros last year, a drop
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Current account shows surplus of 886.6 bln in September, aggregate figure almost balanced
EconomyMacroeconomytime, total imports reached 4.69 billion euros, from 4.63 billion euros last year, a rise of 1.1... of the other (excluding general government) sectors. Total exports in September came to 2.70... billion. Total exports rose by 1.5 percent, while imports rose by 3.1 percent.The respective amounts
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBanking) dropped by 1.1 billion euros and stood at 8 billion. This led the group NPL ratio to stand at 24.4.... The total Greek deposit yield stood at 37 bps in Q3, unchanged QoQ, while the loan yield came to 366 bps... Assistance. The total amount currently consists of TLTRO funding from the ECB, with the Bank enjoying
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBankingaround 700 million euros. In Q3, a total of 1,970 property auctions were noted with 27 percent conducted, 32 percent listed as barren and 41 percent cancelled. P&L NII rose by 1.1 percent QoQ and stood..., with the total now representing only ECB liquidity. YoY, Eurosystem funding has fallen by 9.8 billion
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBanking(YoY). Asset quality NPEs fell by around 1.1 billion euros in Q3, taking the stock to 25.7 billion... in mid-July 2018, meaning ECB funding makes up the total current sum. QoQ, the bank reduced its ECB... as of Q3 2019 was 14.4 percent, while pro-forma total capital, including the Tier II issue, came to 15.3
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingthe total from the current 24 billion down to 8 billion by the end of 2022. The NPE ratio... and write-offs are assumed to come to 1.1 billion euros per quarter, on par with the current rate seen... a mixed portfolio, which carries a total gross book value of 12 billion euros. Up to 3.7 billion euros
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