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Greece raises another 2.5 bln with reopening of sought-after 10-yr bond
Economysentiment in the Greek sovereign debt market by issuing a total of 11.5 billion euros in the first half... euros, bringing the total size of the issue to 6 billion euros, the largest single security... in March and another 3 billion euros with a 5-year bond early last month. Wednesday’s issue closed
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Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments
EconomyBankingeuros securitisations of Phoenix and Vega in Q2 2021, 7 billion euros of Sunrise 1 in Q3 2021 and 3... Sunrise transformation plan, which is due to be concluded with 1 billion euros of Sunrise 3 in early...) to 279 million euros, while total operating expenses stood at 719 million, a rise of 5 percent YoY
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Newsletter 325 - 28/01/2022
included in the draft budget for 2022 at the end of November by 2.62 billion euros. The total... and the total deficit at 11.52 billion euros, at 6.7 pct of GDP. Having accumulated deficits over... in taxation year-on-year by close to 3 billion euros. This is the main reason that the Finance Ministry left
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Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
EconomyMacroeconomyprice index is seen at 5 pct, a significant revision from the 3 pct seen in the draft budget.... The total deficit is seen at 2 pct of GDP, 4.46 billion euros, from a deficit of over 4 pct, 8.54... billion euros. The total fiscal cost of the pandemic interventions in 2022 was 4.4 billion euros
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Newsletter 74 - 20/05/2016
that 168 groups with total loans of 14.7 billion, of which around 74 percent were classified as non... would have high priority in the upcoming restructuring process. The total loan exposure of those five... the draft legislation. Understandably, there is unease at having to vote through another tough set
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Newsletter 108 - 24/02/2017
, but reports have suggested that this may drop to around 1.5 percent of GDP, bringing the total down... be included in the mechanism in cases where the total debt exceeds the 20,000-euro mark. The institutions had requested this threshold be set at 50,000 euros. For debt restructuring to be approved
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Greek banks push for return to normality
EconomyBankingthe total of non-performing exposures (NPEs) to stand at roughly 35 percent of all loans by the end of next year. Moody’s saw the bank’s capital at comfortable levels, with the CET1 ratio for the total... by 3.29 billion month-on-month. July’s reduction brought the total for central bank funding to 13.02
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Newsletter 179 -19/10/2018
of so-called “secret funds” by some ministries. These are funds that are set aside for use... by Prime Minister Alexis Tsipras at the Thessaloniki Expo in September. Of this total, 766 million... at 1.57 billion, beating the target by 433 million euros. Of the total revenues, 1.42 billion were EU
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBanking(APS), which will use state guarantees. The set-up is described as being similar to the scheme... and unsecured consumer loans for a total outstanding principal of 1.1 billion. Of the total... portfolios worth 1.9 billion euros in total under the names Project Jupiter and Project Mercury. The sale
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Newsletter 197 -8/03/2019
is that the applicant’s total savings should be no more than 50 percent of the unpaid loan, which means the ceiling would be set at 65,000 euros. According to reports this week, the institutions want this to be brought down to 25 percent. Another condition is that the total value of other property held
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