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Athens launches drive to pre-pay part of IMF loan, bringing budget benefits
EconomyProgrammeintent earlier this year to repay some IMF loans ahead of time. But political developments that led... a threshold of 187.5 percent of the country’s quota have a 200 basis points surcharge, while credit
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBanking(HFSF) and the Bank of Greece (BoG) led the efforts to appease investors by promoting two separate..., the state guarantee comes into effect when the senior notes have secured the minimum credit rating of ‘BB
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Newsletter 232 -13/12/2019
into effect when the senior notes have secured the minimum credit rating of ‘BB-‘ and the management... days. A rare moment of consensus led to Greek Parliament paving the way on Wednesday for Greeks living
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Ministry urges borrowers to apply for home protection before scheme expires
EconomyBankingIn an effort led by Finance Minister Christos Staikouras, the government is intensifying efforts to have as many borrowers covered before the current primary residence protection scheme expires... the details of the bilateral arrangements made by banks and credit and debt management companies
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Greece gets EU show of support, emergency funds for migration
PoliticsGreek Politicsby diplomatic efforts at EU level, with a delegation to Ankara led by EU External Affairs Commissioner Josep... will not be blackmailed”. The Greek government is keen to take credit for what is sees as a reversal
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingdecisions. P&L NII came to 387.1 million, up by 1 percent QoQ which was led by business loan... from cards due to seasonality as well as extraordinary fees from credit cards and other commercial
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A sudden turnaround that could lead to sharp shock
AgoraDuring the same week in January that Wuhan went into complete lockdown, Fitch upgraded Greece’s credit rating to just two notches away from investment grade. The following week, Greece issued its... came to a standstill and shipping routes dried up as global trade seized up, led by China, which
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PMI crashed to 29.5 points in April during sharpest ever decline
EconomyMacroeconomyseries 21 years ago. The report noted that the coronavirus outbreak had led to conditions under... to decline over the year. Fears of a slow recovery, longer lockdowns and concerns over access to credit were
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Economic relief eyed as Greece launches fourth round of lockdown easing
PoliticsGreek Politicsof the authorities a series of measures needed, led by reducing VAT in the catering industry to 6 pct... Mechanism for the 3.8 billion euros available via a credit line because of the concerns about the strings
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Gloomy preliminary results for Aegean as state support talk gathers pace
EconomyFeatures-related border closures took hold. Passenger numbers dropped by 15 percent as well, led by a decline... capital credit lines in Q2 with Greek banks, totalling 120 million. It is estimated that due
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