Romania’s BCR returns to profit – reverses NPL provisions

Romania’s BCR returns to profit – reverses NPL provisions According to news site Romania-Insider.com, BCR Romania’s largest bank and subsidiary of Austrian group Erste, recorded a net profit of EUR 206 million in 2015. In 2014, the bank had net losses of EUR 630 million, due to high write-offs related to non-performing loans totaling almost…

January 21st, 2016

January 21st, 2016 Romania’s BCR to sell EUR 1bn of NPLs According to Romanian business site BnE IntelliNews, Romania’s BCR (Erste Group) shall continue to sell non-performing loans (NPL) in the amount of over €1bn. According to the site, bundles of NPLs sold by BCR can include loans from BCR’s portfolio both on its balance…

December 29th 2015

December 29th, 2015 Greek Deputy Finance Minister Charitsis: EU funds of € 8 bln to be channeled into the Greek market in 2016  More than 8 billion euros will be channeled into the Greek market in 2016 through the Public Investments Program (PIP) and international organizations such as the European Investment Bank, the European Bank for Reconstruction…

November 17th, 2015

November 17th, 2015 Greek banks AQR results came out better than “feared” by EU officials The four systemic Greek banks’ AQR and stress tests were recently released by ECB. Total assets of close to €300bn were placed under ECB’s stress tests. The resulting total capital shortfall reached €14.4bn under the adverse scenario. This amount is…

September 1st, 2015

September 1st, 2015 Tourism developments drive real estate investments in Greece despite recent capital controls crisis The Greek Real Estate Market is showing signs of activity mainly driven by tourism investment. While privatizations of Astir Vouliagmeni and the Ellinikon real estate project have been delayed for many months, private investors progress opportunities in high end…