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The race to reduce Greece's bad loans
EconomyBankingsales. The Bank of Greece’s (BoG) latest report showed that banks had met their targets for bringing... on target for the quarter and representing a reduction of 1.8 percent or 1.1 billion compared to December 2017. The total volume of NPLs was reduced by 1.1 billion QoQ. During the quarter, corporate
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBankingits final support programme. The Bank of Greece’s (BoG) latest report showed that banks had met... billion, landing exactly on target for the quarter and representing a reduction of 1.8 percent or 1.1 billion compared to December 2017. The total volume of NPLs was reduced by 1.1 billion QoQ. During
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingand unsecured consumer loans for a total outstanding principal of 1.1 billion. Of the total.... The total collateral is valued by NBG at 1.1 billion euros, of which 650 million concerns commercial... at 12.7 billion. In Q2, the bank had already met its full year NPE target, while NPLs stood at 11.5
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Newsletter 196 -01/03/2019
to zero, has met structural obstacles. The institutions also appear sceptical over the government’s... index came to 1.5 percent. Credit contraction at 1.1 pct in Jan Outstanding balance decreases to 169.42 billion Credit contraction in the Greek market came to 1.1 percent in January, unchanged from
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Newsletter 14 - 06/02/2015
, as well as President François Hollande and Prime Minister Matteo Renzi, whom Tsipras met this week... on programme targets being met. This leaves matters at an apparent impasse. It is not clear at this stage what.... Manufacturing PMI hits 15 month low Greece’s Manufacturing PMI dropped by 1.1 points to 48.3 in January
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Newsletter 60 - 29/01/2016
to more than 1.1 billion euros in absolute terms, could provide a cushion in the upcoming... on the islands are sceptical about whether this target will be met. Nevertheless, the government has struck... operations. On Samos, I met Captain Antonis Karakontis, who skippers one of the island’s two patrol boats
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Newsletter 114 - 07/04/2017
narrows Banks met NPE and NPL reduction targets The general government (gg) primary cash surplus fell.... Manufacturing PMI dropped by 1 point to 46.7 in March, almost offsetting the increase of 1.1... stressed. Greek banks met both their non-performing exposure (NPE) and non-performing loan (NPL) reduction
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Newsletter 175 -21/09/2018
Euclid Tsakalotos met with his German counterpart Olaf Scholz in Berlin on Wednesday to set out... that in the second quarter (Q2) of the year, Greece’s four systemic banks had met their NPL reduction targets..., bad loans in mortgages fell by only 1.1 percent versus a fall of 24.6 percent in the consumer
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Eurozone set to give next govt until Sept to address fiscal issues
EconomyProgrammeand how it will ensure that this year’s fiscal target will be met. Like its eurozone counterparts... Euclid Tsakalotos, who insists that the target will be met. He accused Stournaras of siding... on May 26 would have a fiscal impact of 1.1 to 1.4 percent of GDP, around double the Greek estimate
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Pressure intensifies on govt for more radical interventions in energy markets
PoliticsGreek Politicscomes just days after Prime Minister Kyriakos Mitsotakis announced an additional 1.1 billion euros..., according to industry representatives who met with opposition leader Alexis Tsipras on Monday... the southern EU member states but has met with strong resistance in the north, and is not expected
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