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Home2020May

Month: May 2020

Piraeus Bank under pressure to sell MIG loans
News

Piraeus Bank under pressure to sell MIG loans

18 May 2020 Editors

Marfin Investment Group’s (MIG) 550 million euros loans must be written off Piraeus Banks’ balance sheet as soon as possible.

Hard to predict the shape of the recovery in the Eurozone
Editorial

Hard to predict the shape of the recovery in the Eurozone

18 May 2020 Editors

ECB chief economist Philip Lane said the coronavirus-hit euro zone economy probably would not return to its pre-pandemic levels until next year at the earliest.

Greece does not need to resort to the ESM credit line
Experts

Greece does not need to resort to the ESM credit line

18 May 2020 Editors

Greek Finance Minister Christos Staikouras said that he does not intend to use the  15.7 billion euros cash buffer in the “Special Reserve Account”.  Also he emphasized that Greece does not need to resort to the new ESM Credit Line.

Crucial two-week period for Hercules, bad bank
Featured

Crucial two-week period for Hercules, bad bank

18 May 2020 Konstantinos Papagrigoris

A crucial two-week period begins today for banks and loan management companies as two developments will shape the immediate future of the domestic bad loans will be decided.

Αegean airlines is expected to reveal its financing plan
Buzz Talk

Αegean airlines is expected to reveal its financing plan

18 May 2020 Editors

Waiting for Eftychis… Eftychis Vasilakis is expected to reveal today (Monday, May 18th) to the institutional investors the plan of…

New loan for ADMIE
Buzz Talk

New loan for ADMIE

18 May 2020 Athina Korlira

The Independent Power Transmission Operator (ADMIE) has agreed on a 400-500 million-euro loan with a systemic bank. The confirmation of…

CNLCapital “suffers” due to MLS
News

CNLCapital “suffers” due to MLS

18 May 2020 Editors

The latest developments of MLS, i.e the suspension of its stock and bond trading (the company belongs to Giannis Kamatakis),…

Eurobank applies to join Hercules plan with Cairo project
Featured

Eurobank applies to join Hercules plan with Cairo project

16 May 2020 Editors

The third application by Eurobank to the “Hercules” program is a proof of confidence shown by international investors in the Greek banking system and the Greek government’s strategy for dealing with bad loans.

ESM will lend €240 billion to EU countries under ECCL conditions
Featured

ESM will lend €240 billion to EU countries under ECCL conditions

15 May 2020 Editors

Greece could save up to 800 million euros in interest during the life of the loans (10 years) if it uses the resources of the new credit line of the European Stability Mechanism (ESM).

Eurobank submitted an application  to HERCULES for Cairo III project
News

Eurobank submitted an application to HERCULES for Cairo III project

15 May 2020 Editors

 Eurobank Ergasias  announced today that submitted an application to the Ministry of Finance  for opting into HERCULES scheme of the…

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