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Tag Archives: non-performing loans

Economic prosecutor asks charges against 115 for loans of ND and PASOK

The economic prosecutors in Athens have pressed felony charges against 115 people, party officials and bank executives, for the loans conservative New Democracy and socialist PASOK received during 2005-2011. The non-performing loans amount over 400 million euros for both parties and were handed out without sufficient collateral, the prosecutors have …

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Bank of Greece’s plan to reduce non-performing loans by €40billion

The Bank of Greece is reportedly drafting a plan to reduce non-performing loans of Greek systemic banks by 40 billion euros. The plan will be included in a Financial Stability report to be released by the end of the week, reports Athens news agency amna on Tuesday citing sources. The …

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Greece’s banks beat target to shrink bad loans, says BoG

Non-performing exposures (NPEs) of Greece’s banks have fallen by €4.7 billion to €95.7bn  or 43.1 percent of banks’ overall loan book, Bank of Greece the data had shown. This compares with a target of 48.5%, or €95.9bn. Greek banks have been under regulatory pressure to tackle the bad debt problem …

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Gov’t sells performing loans of civil servants worth €5mn to foreign fund

The Greek government has sold to foreign funds mortgages held by civil servants worth more than 5 million euros. According to an exclusive report by daily Eleftheros Typos, the loans were sold to a foreign fund called ‘Grifonas Finance No1 PLC’ based in London. Borrowers now owe to the foreign …

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EU lenders warn Greece of non-performing loans and “bail-in”

Greece’s European creditors have warned Athens that no funds would be released for the purpose of recapitalizing the Greek banking system if measures were not adopted to deal with the issue of the non-performing loans. According to newspaper “Kathimerini”, the institutions issued a stark warning that the Greek government would …

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BoG appoints Pricewater &Co with Liquidation of €9bn Assets in non-performing loans

Appointment of a Special Liquidator for all the credit and financial institutions under special liquidation The Bank of Greece, in implementation of a relevant provision of Law 4336/2015 and by virtue of Credit and Insurance Committee Decision No. 182/1/4.4.2016, has appointed PQH Single Special Liquidation S.A. as Special Liquidator for …

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7 arrest warrants against bank executives & businessmen over Greek Postbank bad loans

Three people were arrested and police are seeking another four after the anti-corruption prosecutor issued at least 7 arrest warrants over suspected loans from Hellenic Postbank. The loans worth 400-500 million euro were given in the period between 2006 and 2011. Former CEO and bank staff, several Greek and Cypriot …

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