Search
-
Budget primary deficit at 1.47 bln euros in Jan, revenue shortfall hits 812 mln
EconomyMacroeconomybillion euros. Net revenues came to 3.85 billion euros, below target by 812 million euros... a deficit of 782 million euros for the month.
100% -
Rise in overdue contributions slows to 310 mln in Q3, total at 16.9 bln
EconomyMacroeconomyThe rise in unpaid social security contributions (SSCs) slowed quarter on quarter (QoQ) to 310 million euros in Q3 of 2016, from 831 million in Q2. The outstanding amount reaching 16.92 billion, the quarterly bulletin of the single SSC collection centre (KEAO) displayed on Monday. The increase
53% -
Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle
EconomyMacroeconomy. Net revenues came to 3.85 billion euros, below target by 812 million euros. The monthly primary... a deficit of 782 million euros for the month.
48% -
Investigations into voter email leak continue despite denials from government
PoliticsGreek Politicsof separate investigations by the Interior Ministry, a Greek prosecutor and the country’s Data...-Michelle Asimakopoulou from the upcoming EP elections and the resignation of a senior Interior... that the email list was leaked from the Interior Ministry during the tenure of the caretaker
43% -
NPL resolution in Italy and Greece
Agora. Moreover, their high NPL levels on bank balance sheets have impaired the asset quality of domestic... that could otherwise be lent to the real economy. Two examples illustrate different approaches to NPL... in Rome. The magnitude of the challenge to address NPL resolution head on is reflected in the following
39% -
HFSF study identifies constraints on developing dynamic NPL market
EconomyBanking-regulatory constraints and developments for the development of a non-performing loan (NPL) market... for the development of a dynamic NPL market which – to some extent – would relieve the banks’ debt... legislated or initiated in 2015 and 2016, the Greek institutional NPL framework still faces a number
35% -
A market for NPL resolution
Agora-performing loan (NPL) formation. Greece is not alone in having to urgently confront a looming policy... asset class. The emphasis of many international investors looking at NPL management... and legal environment envisaged for medium-term NPL resolution, the single largest obstacle
32% -
Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingquality front, the bank reported a negative non-performing loan (NPL) formation for the first time since..., the NPL stock edged down for the second straight quarter by another 0.5 billion to 26.4 billion at the end of March. However, due to the continued deleveraging, the NPL ratio edged up to 39.8 percent
31% -
Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingbps QoQ. The domestic non-performing loan (NPL) edged down to 7.1 billion euros in Q2 from 7.5 billion euros in Q1. This led the group NPL ratio to stand at 20.9 percent. The NPL coverage ratio stood... to 44.4 percent. Total coverage stands at 101.3 percent. NPL balances in Greece declined by 1.6 billion
31% -
Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingpercent in the previous quarter. Non-performing loan (NPL) formation also turned positive at 423 million... quarter. NPL formation in mortgages and consumer loans stood at 89 and 28 million, respectively, improving from a negative figure in both sectors during previous quarters. However, NPL stock declined
31%