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Tag: loans

The resistance to the rise in interest rates on business loans

The resistance to the rise in interest rates on business loans The resistance to the rise in interest rates on business loans

By Leonidas Stergiou Cheap deposits, the end of negative interest rates by the ECB and strong demand in business loans, which generate the largest volume and value of new NPL production for banks, are the three main reasons holding down funding costs for businesses in a rising interest rate environment. The reasons for the containment […]

The 4 conditions for loans to more businesses

The 4 conditions for loans to more businesses The 4 conditions for loans to more businesses

By Leonidas Stergiou The systematic counting of the so-called “bankable” businesses begins, i.e. those that meet the banking criteria and those that are “cut off” by the banks or do not dare to proceed with an application as they believe that they have no chance of their application being approved. The first step is the […]

100-day road race to overhaul the Recovery Fund

100-day road race to overhaul the Recovery Fund 100-day road race to overhaul the Recovery Fund

By Tasos Dasopoulos The review of the Recovery Fund is equivalent to a 100-day race, which from September onwards should finalize the physical object of the investments to be implemented and also integrate the Greek REPowerEU, when, of course, the European Commission publishes the regulation for the new schedule announced in mid-May. Despite the planning, […]

Red again 1 in 3 loans settled 12 months ago

Red again 1 in 3 loans settled 12 months ago Red again 1 in 3 loans settled 12 months ago

By Leonidas Stergiou The deterioration in the proportion of loans that went back into the red in the second quarter of the year after they were settled 12 months ago by loan servicers is evident. The comparison is made with the first quarter of the year and with the last quarter of 2021. According to […]

The sale of the 5.2 billion Ariadni loan securitization failed.

The sale of the 5.2 billion Ariadni loan securitization failed. The sale of the 5.2 billion Ariadni loan securitization failed.

Seven months late, the board of PQH, which had taken over as special liquidator for the management and sale of the largest loan portfolio of 5.2 billion euros, decided that the tender for the securitization had ended in vain. This is the securitization called Ariadni, which includes 97,000 loans from 13 banks in liquidation. The […]

The sale of the “Ariadni” red loan package of 5.2 billion failed.

The sale of the “Ariadni” red loan package of 5.2 billion failed. The sale of the 5.2 billion Ariadni loan securitization failed.

LAST UPDATE: 15:31 Only two offers lower than the estimated price of 700 million euros and non-binding for the largest portfolio of 97,000 loans outside Herakles from 13 banks in liquidation, amounting to 5.2 billion euros. The board of PQH, which had taken over as special liquidator the management and sale of the largest loan […]

B. Johnson: Appeal to the G7 not to ‘leave’ Ukraine

B. Johnson: Appeal to the G7 not to ‘leave’ Ukraine B. Johnson: Appeal to the G7 not to ‘leave’ Ukraine

LAST UPDATE: 08:34 British Prime Minister Boris Johnson appealed to G7 leaders not to “leave Ukraine” on Saturday, more than four months after the Russian invasion of the country, warning of any “fatigue” in support. of Kiev and announcing additional financial assistance. “Ukraine can and will win. But it needs our support to make it […]

Floating rate mortgages return after ECB turmoil

Floating rate mortgages return after ECB turmoil Floating rate mortgages return after ECB turmoil

Of Leonida Stergiou The goal of Greek banks to increase organic profitability, ie loan and commission income, faces challenges. On the one hand, the rise in interest rates by the ECB significantly boosts banks’ interest income. On the other hand, this presupposes credit expansion, ie a net positive increase in lending to the private sector, […]

Where do banks see mortgage rates in 2023?

Where do banks see mortgage rates in 2023? Where do banks see mortgage rates in 2023?

Of Leonida Stergiou The period from the first increase of the ECB interest rates in July to the second in September is crucial in order to determine the response of the markets and to complete the revaluation of the risk of Greek bonds. Banks and investment firms estimate that the ECB’s uptrend is expected to […]

Consumer lending is constantly rising

Consumer lending is constantly rising Consumer lending is constantly rising

By Leonidas Stergiou The use of credit cards for tax payments, combined with increased liabilities, offers from large retail chains and the hot car market, despite the slowdown and shortages, drive up consumer credit, which in absolute terms has exceeded disbursements. the housing. Although these are two different types of loans, where mortgages are moving […]