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NPLs
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EconomyBanking
HFSF study identifies constraints on developing dynamic NPL market The Hellenic Financial Stability Fund (HFSF) published on Friday an updated analysis of the non-regulatory constraints and developments for the development of a non-performing loan (NPL) market in Greece.
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EconomyMacroeconomy
Bank of Greece publishes revised Code of Conduct for management of NPLs Bank of Greece published on Tuesday evening the revised Code of Conduct for the management of non-performing loans (NPLs) held by individuals and very small businesses (with turnover less than 1 million euros).
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EconomyMacroeconomy
Bank of Greece report overviews lenders' profitability, urges drastic NPL management The Bank of Greece (BoG) published on Tuesday an overview of the Greek financial sector, providing an update on the key developments and data over the past five years regarding banks’ profitability, loan quality and cards’ transactions.
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Economy
Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets Appearing before Parliament’s economic affairs committee on Monday Bank of Greece (BoG) Governor Yannis Stournaras presented the organisation’s monetary policy report, which was released a month ago, and provided an update on Greek banks’ loan quality as well as unveiling a series of proposals for easing capital controls
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EconomyBanking
Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008 Piraeus Bank posted a net loss of 37 million euros in the first quarter (Q1) of 2016 from 1.24 billion in the previous quarter, primarily burdened by exceptionally high loan provisions, and 67 million a year ago.
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EconomyProgramme
New rules on sale of NPLs come into play after approval of omnibus bill The multi-bill approved by Parliament on Sunday evening details, among others, the legal framework for the management and sale of performing or non-performing loans (NPLs).
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EconomyBanking Alpha, Eurobank sign agreement with KKR for management of NPLs In a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected Greek corporates into a platform managed by Pillarstone.
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EconomyProgramme
Compromise emerges on liberalisation of NPL market Beyond the convergence between Greece and its lenders on the basic package of austerity measures worth 3 percent of GDP, the government and the institutions appear to have clinched an agreement on the sale of non-performing loan (NPLs).
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EconomyProgramme
Athens and creditors edge closer on tax and pensions but gap remains on NPLs Following Thursday’s meeting between Labour Minister Giorgos Katrougalos and mission chiefs, the former appeared optimistic that an agreement on pension reform could be clinched by Saturday.
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EconomyProgramme
Greece and lenders seen making progress on privatisation fund but not on NPLs Although considerable gaps still exist between the mission chiefs and the government on the key issues of fiscal and tax measures as well as pension reform, progress has been reportedly made on the new privatisation fund.