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Newsletter 73 - 13/05/2016
the immediate opening of the non-performing loan (NPL) market, with the exception only of mortgages... in the government’s ranks over the liberalisation of the non-performing loans (NPL) market
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New rules on sale of NPLs come into play after approval of omnibus bill
EconomyProgramme. A necessary precondition for the sale of an NPL is an out-of-court invitation to the borrower to arrange.... The first important development on effective NPL management was announced last week by Alpha and Eurobank
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After Article IV consultations IMF says challenges remain, substantial debt relief is needed
EconomyProgrammetaxpayers who can but do not pay. On the issue of mounting non-performing loan (NPL) stock, IMF... and strengthen incentives for sustainable restructuring measures and NPL sales. Moreover, capital controls
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Some progress in first round of talks but most second review issues remain unresolved
EconomyProgramme) will be concluded by the end of November or in early December. NPL resolution – Business environment The second review includes two prior actions related to NPL resolution. The first involves
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Second review to resume in Athens under severe time pressure
EconomyProgrammeto 1,600 euros (from 1,900 euros currently) is estimated to result in savings of 1 billion. NPL resolution The second review also includes two prior actions related to NPL resolution. The first involves
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Greek stocks rise for third consecutive week as trading increases
Economy(NPL) reduction targets calling for a drop in the NPE and NPL stock by 40 and 50 percent respectively
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomythat the NPL ratio is expected to drop by 18 percentage points (pp) from 38 percent in June to 20 percent in 2019. More than three quarters of the NPE and two thirds of the targeted NPL reduction
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Banks meet overall NPE reduction target in Q1 2017, largely on write-offs
EconomyMacroeconomy-performing loan (NPL) reduction goals for the first time. NPE stock was reduced by 900 million euros... or by 38.1 billion over the same period. The bulk of the estimated NPE and NPL reduction is back-loaded
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Portugal, market access and programme exit
Agorathat you should assure the banking sector problems (NPL, profitability and capital) are dealt within... in 2016. Portugal still has one of the highest NPL ratios in the eurozone, and is still struggling
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Review demands put spotlight on Greek banks
EconomyBanking’ ability to grow out of their NPL problems.” The Fund is concerned about the strength of Greek banks... for liquidations. According to the plans submitted by banks, most of the estimated NPE and NPL reduction
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