Tag: banks

Greek Banks Face ‘Gangs’ in Bad-Loans Battle With Defaulters
FINANCE
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FINANCE
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Greek Banks Face ‘Gangs’ in Bad-Loans Battle With Defaulters

Panos - Oct 19, 2017

When Eurobank Ergasias SA, Greece’s third-biggest lender, recently went after a “strategic defaulter,” angry protesters stormed the courtroom to block its foreclosure attempt. The defaulter, whose name…

Inaugural sale of Greek bank’s NPL portfolio set for August
FINANCE
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FINANCE
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Inaugural sale of Greek bank’s NPL portfolio set for August

Panos - Jul 21, 2017

The inaugural sale of a portfolio of "bad debt" held by Greece's systemic banks is expected in early August, with the initial cache reportedly being non-performing consumer…

Taxpayers settling tax debts at banks to be charged extra commission
FINANCE
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FINANCE
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Taxpayers settling tax debts at banks to be charged extra commission

makis - Jul 18, 2017

Tax payers opting to settle their debts to the tax services over bank counters will be charged with an extra commission as of Friday, July 28. The…

Greek banks beat target in battle to cut sky-high bad loans
FINANCE
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FINANCE
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Greek banks beat target in battle to cut sky-high bad loans

Panos - Jun 07, 2017

Greek banks made progress in their fight to cut their exposure to doubtful and non-performing loans in the first quarter, data from the country's central bank showed…

Handelsblatt: Greece will need a 4th bailout memorandum
FINANCE
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FINANCE
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Handelsblatt: Greece will need a 4th bailout memorandum

Panos - Apr 11, 2017

The German financial daily Handelsblatt on Monday offered up a pessimistic view of the current economic situation in Greece, saying the country will need a fourth bailout…

NPEs ease in Greece at end of 2016
FINANCE
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FINANCE
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NPEs ease in Greece at end of 2016

Panos - Apr 06, 2017

Non-performing exposure (NPEs) within the Greek banking system fell by 1.2 percent at the end of 2016, compared to the end of September 2016. The total, at…

ECB keeps emergency funding cap for Greek banks unchanged
FINANCE
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FINANCE
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ECB keeps emergency funding cap for Greek banks unchanged

makis - Feb 16, 2017

The European Central Bank maintained the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank at 46.3 billion euros ($49.22 billion), the…

Banks to cut even more jobs and branches over the next few years
GREECE
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GREECE
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Banks to cut even more jobs and branches over the next few years

Sokratis - Feb 11, 2017

More than 10,000 jobs are set to go at Greek banks over the next few years due to the changes that new technologies have brought to the…

ECB lowers ELA ceiling for Greek banks
FINANCE
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FINANCE
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ECB lowers ELA ceiling for Greek banks

makis - Feb 02, 2017

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 200 million euros to 46.3 billion…

State could lose all of its investment in banks
FINANCE
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FINANCE
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State could lose all of its investment in banks

makis - Jan 04, 2017

The Greek state is close to losing the 25 billion euros it paid to save the Greek banking system, as the bank warrants issued during the first…

SSM email halts Piraeus’s CEO selection
FINANCE
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FINANCE
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SSM email halts Piraeus’s CEO selection

Panos - Dec 15, 2016

Wednesday’s Piraeus Bank board meeting, during which a new chief executive officer was supposed to be elected for the lender, was unexpectedly suspended as an email from…

ELA ceiling drops anew for Greek banks
FINANCE
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FINANCE
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ELA ceiling drops anew for Greek banks

makis - Dec 08, 2016

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 200 million euros to 50.7 billion…

Institutions urging banks to address NPL management
FINANCE
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FINANCE
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Institutions urging banks to address NPL management

makis - Nov 10, 2016

Brussels and Berlin have warned that unless the Greek banks take initiatives to address the management on non-performing loans, they will not fund any recapitalization efforts. As…

ECB reduces ELA ceiling for Greek banks to €51.1bn
FINANCE
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FINANCE
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ECB reduces ELA ceiling for Greek banks to €51.1bn

makis - Nov 03, 2016

The Bank of Greece has announced that the Governing Council of the European Central Bank has reduced the ceiling of Emergency Liquidity Assistance (ELA) for Greek banks…

Stournaras: Greek banks safe from Deutsche impact
FINANCE
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FINANCE
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Stournaras: Greek banks safe from Deutsche impact

makis - Sep 30, 2016

The Greek and international banking systems are “safe” and tools are in place to protect them from any impact from the crisis engulfing Deutsche Bank, Greek central…

Greek banks plan to restructure ‘bad house loans’
FINANCE
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FINANCE
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Greek banks plan to restructure ‘bad house loans’

Panos - Sep 09, 2016

Greek banks are considering restructuring non performing loans (NPLs), as the alternative option of selling them off to funds is estimated to generate large losses. Sources say…

Depositors still wary of banks
FINANCE
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FINANCE
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Depositors still wary of banks

Sokratis - Aug 20, 2016

Bank officials are not expecting a significant return of deposits as long as capital controls remain in place. The recent relaxation of controls, which allows the withdrawal…

Bank executive review concludes – Eurobank and Alpha best organized
FINANCE
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FINANCE
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Bank executive review concludes – Eurobank and Alpha best organized

Panos - Jul 08, 2016

US-based global executive search and leadership consulting firm Spencer Stuart has reportedly concluded its evaluation of Greek bank executives on behalf of the Hellenic Financial Stability Fund…

Banks mulling special NPL vehicles
FINANCE
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FINANCE
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Banks mulling special NPL vehicles

Sokratis - Jun 04, 2016

Greece’s core banks are considering the creation of special purpose companies which will receive large portfolios of nonperforming loans and then be sold so that they stop…

First non-performing loans to be assigned to US funds
FINANCE
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FINANCE
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First non-performing loans to be assigned to US funds

Panos - May 17, 2016

Eurobank and Alpha Bank will assign by 50% each the management of credit and equity exposures to a selected number of Greek companies into a platform managed…