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NPLs
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EconomyProgramme
Programme review talks continue, progress on tax, pensions and NPLs at a premium Discussions between the mission chiefs and Greek authorities on pension reform and tax measures continued over the weekend but still left significant gaps on both fronts.
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Economy
Deadline for liberalisation of household and SME NPLs looms closer Apart from pension reform, one of the most socially and politically sensitive issues of the first programme review is the full liberalisation of the non-performing loan (NPL) market.
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EconomyProgramme
Multi-bill tabled in Parliament, paves way for sale of NPLs The government tabled in Parliament on Saturday evening the multi-bill containing the prior actions demanded by the institutions for the disbursement of the next sub-tranche of 1 billion euros.
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Economy
Management of NPLs to test gov't in negotiations with lenders Following an agreement on foreclosures that was part of the first set of milestones, Greece now has to reach an accord with the institutions on a non-performing loan (NPL) strategy.
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EconomyProgramme
Greece gets tranche and looks ahead to next tasks, including pensions and NPLs The European Stability Mechanism (ESM) BoD approved on Monday afternoon the disbursement of the sub-tranche of 2 billion euros to Greece after the completion of the first set of milestones as well as the financial sector measures.
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EconomyProgramme
Progress in bailout talks but foreclosures and NPL management stand in way of agreement After lengthy discussions over the weekend, the key issues remaining unresolved in the negotiations of Greek authorities with the quadriga mission chiefs are foreclosures and management of bad loans (NPLs).
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EconomyBanking
NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece National Bank (NBG) released its third-quarter (Q3) financial results on Monday, which showed net losses eased to 401 million euros from 1.61 billion in Q2.
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EconomyProgramme
Greece and lenders far apart on foreclosures as housing NPLs keep rising The protection of primary homes from foreclosures emerged as one of the key areas of significant difference between the Greek government and the institutions during the 3-day visit of the quadriga mission chiefs to Athens last week.
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EconomyBanking NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation Following Eurobank and Piraeus, National Bank of Greece (NBG) published on Wednesday its trading update for the second quarter (Q2), providing the evolution of the key P&L and balance sheet items, excluding those related to loan provisions, after tax earnings and capital.
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EconomyBanking
Piraeus Q3 trading update shows significant acceleration in NPL formation Following a more detailed trading update for the second quarter (Q2) published last week, Piraeus Bank released on Monday a condensed trading update for Q3 outlining the evolution of the key balance sheet items.