BANKS

Bond exchange transactions that have taken place since 2020 between the state and systemic banks were designed and executed by the Public Debt Management Agency (PDMA) in the context of the country's improving debt profile.

Eurobank, Alpha Bank and National Bank, through the large transactions that have been implemented, or will be implemented in the near future, will reduce their NPL ratio between 15% and 24%.

The data published by the EBA is more in line with the pessimistic estimates by the BoG, confirming that in the danger zone there are loans of 10.98 billion euros out of a total of 22.2 billion euros of loans that have been suspended.

The basic plan of the government foresees that a program similar to the "Bridge" program will be created for small businesses and professionals.

With the exception of some large companies that actually have access to new lending, the liquidity that reaches small - medium sized enterprises and households is minimal, governor of BoG pointed out.

The European Commission is expected to unveil next week its strategic plan for the establishment of bad banks at the national level, as revealed yesterday, Mairead McGuiness.

As of November 6, the profits of the banking index exceed 60%, while a jump of 23.6% has been recorded by the General Index, an increase accompanied by a large increase in trading activity.

2021, according to what CEO Christos Megalou told analysts yesterday, will be a key year for reducing non-performing exposures, which is estimated to reach 12 billion euros in total.

According to Business Daily sources, the problem concerns about 200,000 credit and debit cards with which more than 6 million transactions made from the summer of 2019 to the summer of 2020, the total value of which is close to 200 million euros.

In its forecast for the economy, S&P appears relatively optimistic, predicting that GDP will shrink by 9% this year and will recover by 6.8% in 2021.