| VARIAÇÕES HOMÓLOGAS | ||||||
| HOMOLOGOUS CHANGE | ||||||
| Empréstimos de Outras Instituições Financeiras Monetárias a Empresas Não Financeiras | ||||||
| Loans of Other Monetary Financial Institutions to Non-Financial Corporations | ||||||
| Milhões de Euros | ||||||
| Millions of Euros | ||||||
| Crédito Concedido | Cobrança Duvidosa | |||||
| Installment Credit | Uncertain Collection | |||||
| ABR.16 | 80.616 | 12.964 | ||||
| ABR.17 | 74.715 | -7,32% | 11.050 | -14,76% | ||
| Fonte: Boletim Estatístico do Banco de Portugal | ||||||
| Source: Portugal Central Bank | ||||||
terça-feira, 1 de agosto de 2017
quarta-feira, 19 de julho de 2017
Portugal Hopes for Europe-Wide Solution for Bad Loans (NPL's).
Portuguese Finance Minister Mario Centeno, said he’s hopeful there will be a European approach to deal with non-performing loans affecting banks in the region, and if not his country will go ahead with its own attempt to address the problem.
“We are now discussing with the European Commission, hopefully, a European-wide solution, but if not we will advance on our own on a solution for NPLs,” Centeno said in a Bloomberg Television intervew in Brussels. “It’s going to be a solution that has to work with market participants, both on the supply and demand sides.”
While Portugal exited its three-year international bailout program in 2014, it’s still dealing with pending issues including bad loans at banks. Credit at risk at Portuguese banks has been stuck at about 12 percent of the total for the last two years. Banco Comercial Português, Portugal’s biggest publicly traded bank, booked a record 1.6 billion euros ($1.8 billion) in impairments for 2016. For state-owned lender Caixa Geral de Depositos SA, impairments and provisions totaled 3 billion last year.
Centeno said on March 29, that Portugal estimates that about 5 billion euros may be enough to address the “big problems” in terms of non-performing loans hampering the country’s banks. The government is “envisaging creating a systemic solution that on the basis of a voluntary reaction from the banks to join the solution, will bring in new private capital,” he said at the time.
“We are now discussing with the European Commission, hopefully, a European-wide solution, but if not we will advance on our own on a solution for NPLs,” Centeno said in a Bloomberg Television intervew in Brussels. “It’s going to be a solution that has to work with market participants, both on the supply and demand sides.”
While Portugal exited its three-year international bailout program in 2014, it’s still dealing with pending issues including bad loans at banks. Credit at risk at Portuguese banks has been stuck at about 12 percent of the total for the last two years. Banco Comercial Português, Portugal’s biggest publicly traded bank, booked a record 1.6 billion euros ($1.8 billion) in impairments for 2016. For state-owned lender Caixa Geral de Depositos SA, impairments and provisions totaled 3 billion last year.
Portugal ahead of many countries in clean energy.
Portugal has demonstrated its leading role in clean energy by supplying the country’s entire electricity needs solely from renewal sources for a record four days in a row. It is being acclaimed internationally as a landmark in the shift from fossil fuels.
The country’s consumption was fully covered for 107 continuous hours with hydro-power plants, wind turbines, solar panels, biofuels and geothermal heat. No fossil fuels were involved.
“This is a significant achievement for a European country, but what seems extraordinary today will be commonplace in Europe in just a few years,” said James Watson, the CEO of SolarPower Europe.
Last year, more than half of the Portugal’s electricity came from renewals, though this was down from 63% in 2014 due to drought and a drop in hydro output that normally accounts for about a third of naturally replenished sources.
The International Energy Agency says in its 2016 review that “Portugal should be commended for its achievements and its ambitions in large-scale deployment of renewable energy.”
The average levels of electricity generated from renewables in the 28 countries of the EU is much less than in Portugal, which is far ahead of many other countries including the United States.
Less than 13.5% of the domestically produced electricity in the US last year came from renewables, the rest mainly from coal and natural gas.
Portugal has demonstrated its leading role in clean energy by supplying the country’s entire electricity needs solely from renewal sources for a record four days in a row. It is being acclaimed internationally as a landmark in the shift from fossil fuels.
The country’s consumption was fully covered for 107 continuous hours with hydro-power plants, wind turbines, solar panels, biofuels and geothermal heat. No fossil fuels were involved.
“This is a significant achievement for a European country, but what seems extraordinary today will be commonplace in Europe in just a few years,” said James Watson, the CEO of SolarPower Europe.
Last year, more than half of the Portugal’s electricity came from renewals, though this was down from 63% in 2014 due to drought and a drop in hydro output that normally accounts for about a third of naturally replenished sources.
The International Energy Agency says in its 2016 review that “Portugal should be commended for its achievements and its ambitions in large-scale deployment of renewable energy.”
The average levels of electricity generated from renewables in the 28 countries of the EU is much less than in Portugal, which is far ahead of many other countries including the United States.
Less than 13.5% of the domestically produced electricity in the US last year came from renewables, the rest mainly from coal and natural gas.
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