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Government makes last-minute change to main homes bill in bid to satisfy creditors
EconomyProgrammestricter criteria regarding the value of the properties that will be considered eligible. For normal mortgages, the assessed value of homes has been set at 250,000 euros. For business loans
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Alpha Bank posts net profits of 53 mln in 2018
EconomyBankingmeasured at fair value through other comprehensive incomes. The bank noted that their tangible book value stood at 7.7 billion euros, which remains the highest among their Greek peers. The fully-loaded
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingand had a total gross book value of 1.8 billion. Two further bad loan portfolio sales are also on schedule with a total gross book value of 1.7 billion euros. These are code named Project Nemo, (secured
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Banks focus on reducing NPLs linked to property
EconomyMacroeconomyproperties valued at 35 million in value have been agreed going forward. Meanwhile, Alpha Bank is looking... the original levels regarding the assessed value of the properties that will be eligible
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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBankingvalue through other comprehensive income. The bank noted that their tangible book value stood at 7.7
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The oil and gas debate Greece is not having
Agorato attract FDI, enhance employment in what has historically been a high value-added sector, reduce oil... if Greece’s fields are eventually developed, they will likely generate little value (for either
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingbillion euros in gross book value, combined with a negative organic NPE formation of 400 million euros.... On the domestic front, these include a portfolio of Greek shipping loans with a gross book value of 300
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Govt proposes property VAT reduction to kickstart home sales
EconomyFeaturesWhile construction begins to improve, property prices are also starting to pick up after losing value... quarter (Q2) of the year showed a marked improvement. In particular, the rise in the nominal value
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Changes to primary residence protection proposed in bid to draw more applications
EconomyFeaturesof eligibility criteria, which include property value and the income of the applicant. Those approved... properties are currently thought to be eligible for protection under the scheme. The value
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Newsletter 227 -08/11/2019
deficit rises by 2.3 pct in Sept Exports rise during month but outstripped by import value Greece’s... and 25.27 billion, respectively. Excluding the value of oil products and ships, the trade deficit rose
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