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Newsletter 31 - 19/06/2015
NPE exposure of 100 million, banks would have to set aside about 44 million in loan provisions... for ECB funding – while banks also pay a fee to the Greek state corresponding to 1.1 percent
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgrammewith a targeted set of actions including reduction in headcount and procurement. In addition, the Greek... a means-tested 5-euro fee for hospital visits or adopt equivalent measures in fiscal and demand
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Greek shares up for the third straight week on strong performance from banks
Economyeuros per share on October 19 with the payment date set on October 23. On Monday, Piraeus released.... In contrast, net interest and fee income fell by 3.7 and 4.3 percent respectively. ECB lowered
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New rules on sale of NPLs come into play after approval of omnibus bill
EconomyProgramme. The minimum required capital of those companies is set at 100,000 euros, which increases to 4.5 million..., liquidated and defaulted loans as well as write-offs. The BoG receives a fee from the licensed companies
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TV licencing becomes key political battleground after court verdict
PoliticsGreek Politicsby the courts. However, at the same time it wants to set up a process to make the channels currently on air to pay a fee to continue broadcasting with the temporary licences they hold until the tender
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingconsumer loans and denounced corporate loans. It was also noted that the e-auctions of properties set.... On a yearly basis, NII fell by 3 percent to 1.30 billion. Net fee and commission income rose
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Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBankingexactly on target. For the full year, the bank has set a target of 17 billion euros, meaning... was partially offset by lower central bank funding costs. Fee income also declined by 7.5 percent QoQ
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APS option to help banks with bad loans seen gaining ground
EconomyBankingand Eurobank by 47 percent. The market turbulence was set off by the banks’ semi-annual results... state. Most likely the Finance Ministry will receive a fee for this protection. Securitisations without
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingassets, was set at 337.1 million euros or about 33.6 percent of gross book value. The deal also... basis, NII fell by 9.1 percent to 1.34 billion euros in 9M. Fee and commission income fell by 6.7
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Athens waits for response from institutions on primary residences proposal
EconomyProgrammeif that is sooner, the interest set at Euribor +2 percent, a haircut if the remainder of the mortgage... approach with the aim of filling gaps in the budget, citing the licence fee that investors will have
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