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BoG outlines steps to economic recovery, updates on banks' asset quality
EconomyMacroeconomy-performing loans (NPLs). The BoG will set high-level operational targets for NPLs applicable as of June... percent in June. In the 9-month period of 2015, the NPE ratio rose by 3.7 pp cent over the end-2014... an adequate capital buffer to absorb the negative impact from increased provisions against credit
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Greek banks on cusp of improved liquidity conditions
Agoraon June 2, the ECB postponed that decision until all prior actions are implemented and the ESM... suspension of the application of the minimum credit rating threshold in the collateral eligibility... on June 22 relates to Greek banks’ participation in the ECB’s second series of targeted longer-term
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Sallas exit from Piraeus marks end of era in Greek banking sector
EconomyBankingand ETBA as well as Credit Lyonnais Hellas. Between 2012 and 2013, during the last round of consolidation... Supervisory Mechanism (SSM) at the last minute at the end of June. The bank said in a statement on June 29
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The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBankingit belonged to ex-Emporiki Bank and was listed in the Athens Stock Exchange in June 1964. Thirty three years later, in June 1997, Emporiki transferred a part of its stake to the Engineers’ Pension Fund... net loss of 347 million euros, with pre-provision income (PPI) of 31 million and credit risk
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Newsletter 91 - 07/10/2016
since a large number of taxpayers opted to pay their tax obligation using credit cards. This means... in July, up from 23.4 percent in June. The jobless rate remains at its lowest level since March... for the second successive month in July, when it fell to 23.2 percent from 23.4 percent in June. The latest
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingcredit (-9 million) partly offset by a positive formation in mortgages (+82 million). However, due... until November 9. Since the end of June to date, ELA funding has been reduced by 2.7 billion to 13.1... increased from around 5.5 billion in June to 7.4 billion in November. Pillar II bonds stood at 3
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammeand the personal income tax credit for medical expenses, both from 2017 and the abolition or increase... by June 2017, which is crucial for the calculation of the single property tax (ENFIA). As a prior action... by June 2017. Moreover, the MTFS 2017-20 will establish ceilings for the wage bill and the level
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Banks see efficiency gains after shedding 29 pct of staff, 42.6 pct of branches during crisis
EconomyBankingby 961 and stood at 46,615 employees at the end of June 2016. Overall, bank employees in the Greek... of bank branches has decreased by 42.6 percent or by 1,736 to 2,343 at the end of last June from 4,079... forced to carry out a certain amount of payments via electronic transactions to secure a tax credit
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Newsletter 110 - 10/03/2017
piling up for the first time since last June, increasing by 272 million from the previous month... board. Megalou was previously CEO at Eurobank from June 2013, after the first round of recapitalisation... banking at Credit Suisse. The appointment of new CEO at Piraeus ends a period of 14-month uncertainty
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Newsletter 119 - 19/05/2017
Fund, will come to an arrangement on debt relief, if not on Monday then by early June... be reached in early June. Tsipras had suggested previously that if the lenders do not come together... income tax credit by 650 euros. In addition, the MTFS detailed the counter-measures
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