Greek banks are making plans to ease borrowers back to normal debt servicing schedules once repayment holidays introduced during the coronavirus crisis come to an end so they can avoid a sudden shock that could prompt a wave of defaults ... Greek banks have made progress in derisking ...
“In cooperation with three major banking institutions, the Bank of Greece, the National Bank of Greece and Alpha Bank, an exhibition for the 200‐year anniversary of the GreekRevolution is organised,” she added ... greek news today, Greek revolution, the National Bank.
The Greek state’s cash reserves stood at 34.5 billion euros at ... The Greek state also has deposits worth €10.4 billion in commercial banks. Liquidity raised by Greek banks from the Eurosystem reached 41.2 billion euros in 2020.
Ioannis Sokos, Fixed Income Research Director at Deutsche Bank, says “the fact that the rise in Greek yields is part of a broader move higher in yields across all eurozone countries is an important factor because it increases the odds that the ECB might respond to that tightening in financing conditions, and step-up the pace of its purchases.”.
The loan may not exceed 50% of the total investment, with at least 20% coming from the investor and at least 30% from a bank ... The Greek side is pinning its hopes on the Commission decision about utilizing the loans as funding tools “in exceptional circumstances.”. The response to date by banks and some private investors points to huge interest.
Greece’s Yannis Stournaras became the first EuropeanCentralBank policymaker on Friday to openly call for increasing the pace of ECB bond purchases to stem a rise in borrowing costs ... “In my view there’s fundamental justification for a tightening of nominal bond yields in the long end,” the Greek central bank governor said.
“In my view there’s fundamental justification for a tightening of nominal bond yields in the long end,” the Greek central bank governor said ... EU flags fly in front of EuropeanCentralBank headquarters in Frankfurt.
Greek banks can apply for a government guarantee on the senior tranche of a non-performing loan (NPL) securitisation as long as they sell the majority of the mezzanine and junior notes ... In a speech to a virtual investor conference on Greek NPLs, George Zavvos, the minister in ...
NEW YORK – Greek-American billionaire Alex Gores and investment bank Guggenheim Partners are backing a “blank-check firm” which “is looking to raise nearly $750 million through an initial public offering (IPO), a regulatory filing showed” on February 22, Reuters reported.