BANKS

ENGLISH EDITION

NBG reaches an agreement for selling 90% of Ethniki Insurance to CVC

At 505 million the valuation of 100% of the insurance. A significant part of the price, 120 million euros, is linked to the achievement of specific sale targets of bank insurance products by 2026.

26 Μαρ 2021 18:19

ENGLISH EDITION

Piraeus Bank's capital plan is a game changer for Greek lenders

The bank will raise valuable capital in order to dramatically accelerate the effort to reduce non-performing loans with new large securitizations, with the aim of achieving a single-digit non-performing loan ratio within 12 months from today.

16 Μαρ 2021 13:31

ENGLISH EDITION

How Greek bank shares can pull off the big comeback

In an effort to finally deal with the chronic NPE problem Greece, the supervisory authority is examining and accepting market friendly financial engineering solutions that a few years ago would have been very difficult, if not impossible, to complete.

05 Μαρ 2021 07:48

ENGLISH EDITION

Tensions rise between banks, govt over auctions

Legislation, which has secured cross-party support, is also raising concerns for bankers, changing the order of priority in which asset sales revenues of are paid with creditors losing the lead. The process of special management provides for the in-service consolidation and sale of troubled companies.

05 Φεβ 2021 07:49

ENGLISH EDITION

Plan to freeze property auctions in 2021 distorts the market, economy

Banks and loan servicers have been pushing to reopen courts, arguing that keeping them closed raises the risk of a new generation of strategic defaulters emerging.

28 Ιαν 2021 14:35

ENGLISH EDITION

Bond swaps a win-win situation for Greek govt, 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.

21 Ιαν 2021 15:28

ENGLISH EDITION

Banks eye single digit NPLs without drawing on fresh capital

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%.

18 Ιαν 2021 13:23

ENGLISH EDITION

Half of the loans suspended by Greek banks in dangerous territory

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.

15 Ιαν 2021 07:45

ENGLISH EDITION

Greece scrambles to subsidize small business loans

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

14 Ιαν 2021 10:14

ENGLISH EDITION

Stournaras: Why ECB liquidity is not reaching Greece's real economy

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.

18 Δεκ 2020 13:23

ENGLISH EDITION

How Islamic banks compare to other financial institutions

In their article for Business Daily, Christos Alexakis, Vasileios Pappas & Athina Petropoulou explain, among others, why Islamic finance may be important to Greece.

17 Δεκ 2020 07:49

ENGLISH EDITION

Moody's: Path opens up for NPL deals by Greek banks

In comments to Business Daily, Nondas Nicolaides, a Vice President and Senior Credit Analyst at Moody’s Investors Service, stresses that 2021 will be the year that banks in Greece will see their asset quality improve.

15 Δεκ 2020 06:49