Tags
Banking
RSS-
EconomyMacroeconomy
Credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln Greek bank credit contraction accelerated for the second successive month in February to 2.3 percent from 2.1 percent in January, Bank of Greece (BoG) figures showed on Tuesday.
-
EconomyProgramme
Athens and creditors edge closer on tax and pensions but gap remains on NPLs Following Thursday’s meeting between Labour Minister Giorgos Katrougalos and mission chiefs, the former appeared optimistic that an agreement on pension reform could be clinched by Saturday.
-
EconomyProgramme
Greece and lenders seen making progress on privatisation fund but not on NPLs Although considerable gaps still exist between the mission chiefs and the government on the key issues of fiscal and tax measures as well as pension reform, progress has been reportedly made on the new privatisation fund.
-
EconomyBanking
NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions NBG concluded on Tuesday the release of Greek core banks’ fourth quarter (Q4) results, posting net losses of 2.05 billion euros from 401 million in Q3.
-
EconomyProgramme
Programme review talks continue, progress on tax, pensions and NPLs at a premium Discussions between the mission chiefs and Greek authorities on pension reform and tax measures continued over the weekend but still left significant gaps on both fronts.
-
EconomyBanking
Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions Piraeus became on Wednesday the third Greek bank to report a net loss in Q4 of 2015 after declaring a profit in Q3.
-
EconomyMacroeconomy
Eurosystem funding slips by further 1.9 bln to 104.2 bln in Feb Greek banks’ Eurosystem funding continued heading south for the eighth straight month in February, when it dropped by 1.86 billion to 104.23 billion, the Bank of Greece's (BoG) monthly financial statement showed on Wednesday.
-
EconomyBanking
Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016 Following Eurobank, Alpha also reported net loss of 533.1 million euros in the fourth quarter (Q4) of 2015 from profit of 413.6 million in Q3.
-
EconomyBanking
Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016 Eurobank kicked off the fourth-quarter (Q4) reporting season of Greek banks posting net loss of 175.3 million euros from a profit of 405.6 in Q3.
-
EconomyMacroeconomy
Time deposit rate almost flat in Jan, average loan rate falls 12 bps Greek households’ new time deposit rate remained broadly stable for the second straight month in January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece (BoG) figures displayed on Wednesday.