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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingbillion in Q1. The latest results mean that since the end of 2015, NPE reduction has reached 7.2 billion euros. The bank has set a target to reduce their NPE pile by 11.1 billion euros to 4.3 billion up... of this year. Non-binding offers have also been received for Project Mirror, an unsecured portfolio
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Eurobank’s NPL sales take major step with two transactions
EconomyBankingresidential mortgage loans. The portfolio carries a gross book value of 2 billion euros and has been code.... The total portfolio carries a gross book value of 7.4 billion euros and has been code named Project...Eurobank announced on Thursday that it had entered into a binding agreement with PIMCO’s Celidoria
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Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
EconomyBankingAlpha Bank announced that it has started the process to execute one of the largest bad loan... in the securitisation either independently or as joint ventures. According to reports, the bank’s management has... is expected to be around 2 billion euros. The process allows potential investors to submit non-binding bids
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Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs
EconomyBankingfor Frontier a week earlier, on October 15. Cosmos has a gross book value of 3.4 billion euros, while... pct. Mexico has a 3.2 billion gross book value portfolio, and the servicing contract was handed... and Mexico transactions respectively. Alpha had reached a binding agreement with Davidson Kempner
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Attention turns to next steps in solidifying Greek-Turkish relations
PoliticsForeign Policydialogue has as its final milestone the visit of Kyriakos Mitsotakis to Ankara in April.... It has to do with the Muslim minority in Western Thrace. According to media reports, he said in his... it is not binding, it dictates that the countries need to keep channels of communication open, pursue
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Spain’s economic recovery languishes amid graft scandals
Agora, has rebuffed opposition criticism over his economic policies by pointing to a trade balance surplus, January’s three-year bond yield falling to a record-low and a declining risk premium that has... they would not be hiring extra employees for another year or two, a Deloitte-El País survey has shown
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Troika returning to Greece but key decisions still months away
PoliticsGreek Politics. The completion of the review, though, is just one piece of the Greek jigsaw that has to fall into place over....” The troika has fully adopted the OECD’s recommendations and made it clear to the Greek government... recommendations,” an e-mail from the troika to Development Minister Costis Hatzidakis in January read. Greece has
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Newsletter 47 - 16/10/2015
The submission to Parliament of the government’s first multi-bill since the 20 September elections has... win in the elections, as well as the settling of accounts with the party’s radical wing, there has... Democracy? Leadership race has revealed much of what is ailing conservatives The belief
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Newsletter 56 - 18/12/2015
and embarrassment of a drawn-out leadership campaign that has failed to capture voters’ attention even though... to a software failure. The conservative party has since switched the IT firm it is using, from... of role New Democracy will play in Greek politics. At the moment the party has regressed into its
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Newsletter 63 - 19/02/2016
of the NPL market has been opened so far. Meanwhile, the government is in talks with lottery and betting... (ELA) ceiling for Greek banks by 100 million to 71.4 billion. Since mid-August, the ECB has cut the ELA... the opportunity this week to show his European partners that Greece has made progress in improving
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