Introduction – NPL definition The term NPL stands for “nonperforming loans” and it is about loans whose collection by banks has become uncertain, not only for the total repayment but also for the interest portion. Non-performing loans are generally the result of an adverse economic situation, but often also of Read more…
Greek Banking Sector The Greek banking system is built around four large systemic banks, whose summary statistics you can see in the table below. All four banks have undergone a significant restructuring process, whereby both the asset value and the market capitalization went down a lot. In addition, a number Read more…
Introduction The issue of the Non-Performing Loans (NPLs, from now on) has been long debated over the last few weeks and a new system has been designed with the purpose of creating a market for these troubled assets, which at the moment are still occupying the balance sheets of most Read more…
Once again Soros has bet against China. This time it is with regards to its mounting debt, comparing it to a pre-crisis US in a recent interview with Bloomberg. He justified his opinion by looking at the booming credit market and growth of the inefficient state owned zombie firms. Measuring Read more…
Introduction Markets all around the world have been characterized by high volatility and unsatisfying returns in recent weeks, primarily because of the dramatic drop in oil prices and the alarming data on China’s growth, which has failed to meet analysts’ expectations for the fourth quarter of 2015 by about one Read more…
Lately, there has been increasing speculation regarding the results of the AQR (Asset Quality Review), which will be published by the ECB in about a month time. The AQR is a central part of the “comprehensive assessment” investigation that the ECB is leading on European banks balance sheets. Working in Read more…
1. What’s Going On In Greece 1.1 Global Financial Crisis, Sovereign Debt Crisis and the Troika Greece is a country that witnessed big changes in the last years. 2008 was the year when the Global Financial Crisis exploded, changing the world for all of us. 2009 saw the burst of Read more…