Calamos Supports Greece

loans

Mission (Almost) Impossible: Getting a Loan from a Greek Bank

Liquidity in the Greek economy has reached new lows as banks are unable to reduce bad loans that have reached 105 billion euros. According to the Bank of Greece, bank lending in the first months of the year has fallen...

Bank of Greece Warns About Bad Loans, Expects Rise in Deposits

Greek bank deposits are expected to rise in 2017, the Bank of Greece (BoG) said in its Financial Stability Report released on Tuesday. In the same report, the BoG warned that despite positive prospects, the outstanding sum of non-performing loans...

BoG: Deposits Down by Over 2.4 Billion Euros in 2017; April Sees Credit Expansion

  The latest reports from the Bank of Greece (BoG) show that deposits have declined by more than 2.4 billion euros in the first four months of the year, while April's data shows it was the second month of credit expansion. In...

Toxic Loans – Toxic Minds

The damping of toxic loans has finally started in Cyprus. The Bank of Cyprus recently sold 50 corporate toxic loans in an attempt to veneer over its appalling reputation for issuing bad loans. This act puts the Cyprus government...

EIB Allocates €1 Billion Credit Line to Greek Banks for SMEs and Youth Employment

On Thursday the European Investment Bank (EIB) dedicated a one billion euro credit line to Greek banks, Reuters reported. The money is set to be allocated for small and medium-sized businesses (SMEs) in efforts towards promoting youth employment in Greece,...

BoG: Financial Crisis Causing Property Prices to Free-Fall

Property prices are in free-fall, with apartment prices down 41.4% in the 2006-2016 period, Theodoros Mitrakos, vice-governor of the Bank of Greece (BoG) said on Thursday. Addressing a real estate conference, Mitrakos said nominal prices for office space and high-standard...

ESM Looking at Loan Duration Adjustments for Greece

ESM and EFSF General Secretary Kalin Anev Janse spoke to German newspaper Boersen Zeitung. In the interview he said that he had been asked to look at long-term and short-term reforms to Greece. He said, however, that no announcements...

WSJ: "PCP Capital to Buy Up Greece's Non-Performing Bank Loans"

In accordance to its last bailout package, Greece has had to put laws in place that make it easier to restructure or reclaim assets to get rid of defaulted financial loans more quickly; something in which foreign investors are...

Bank of Greece: NPLs are Expected to Rise Further in 2016

Non-performing loans are expected to rise further this year, the Bank of Greece said its review of the Greek financial system released on Tuesday. The central bank said that NPLs were expected to increase during 2016 depending on how fast...

More Capital Controls Lifted in Greece

More than six months into the restrictions the Greek government has further eased capital controls, lifting some of the restrictions on Thursday. Among the liberties restored concerns premature repayment of loans. A full or seen partial premature repayment is not allowed,...