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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingYoY in H1 but rose 1 percent QoQ with net interest margin (NIM) improving to 2.74 percent in Q2. The quarterly rebound in NII is attributed to Turkey (up 6 percent), while Greek NII eased 1 percent QoQ.... Deposits rose 8 percent YoY in H1 and slipped 1 percent QoQ to 65.4 billion euros. In Greece, deposits
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomymeasures related to pension reform and direct taxes - each yielding 1 percent of GDP (1.8 billion euros) - the government has to identify additional measures of 1 percent of GDP to cover the fiscal gap of 3... to cover this last 1 percent of GDP are primarily focused on raising (indirect) tax revenues and include
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingstraight quarter by 1 billion QoQ to 20.1 billion at the end of September. Overall, NBG’s NPEs have... reflecting lower insurance income. Net interest income (NII) improved by almost 1 percent QoQ to 485 million... percent in Q2, remaining by far the lowest among its domestic peers. The Common Equity Tier 1 (CET1) ratio
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CPI rises for ninth straight month in Sept with 1 pct increase
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1 percent in September, up slightly from the 0.9...’ and services’ indices advanced by 1.1 and 1 percent, respectively. The harmonised index of consumer prices (HICP) also rose by 1 percent in September, up from August’s figure of 0.6 percent. The main driving
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CPI rises by 1 pct in August, staying positive for fifth month
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1 percent in August after a rise of 0.9 percent in July... that the figure has landed at 1 percent. The average CPI for the latest 12-months since August 2017 remained...), health (+1.5 percent) and hotels, cafes and restaurants. Smaller rises ranging between 1 percent and 0.2
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Athens eyes multiple benefits from joining China-backed 17+1 initiative
PoliticsForeign Policycalled 16+1 group, becoming the 17th member of the collective. The Dubrovnik meeting last Friday... clearly expressed his intention to join the 16+1 group (11 participant states are EU member states... of what will be called from now on the “17+1 initiative,” a significant step for the summit
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CPI rises by 1 pct in April
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) increased by 1 percent in April following a rise of 0.9 percent... percent, from 0.8 percent in the March rolling period. Month-on-month, the CPI in April rose by 1 percent...-on-month, the HICP showed an increase of 1 percent. The overall CPI increase on an annual basis was driven
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Piraeus NII exceeds 1 bln in H1, commissions income at 325 mln
EconomyBankinghalf in H1 to 0.5 percent, down from 1 percent a year ago. P&L Net interest income (NII) came to 1.05... in H1 2023. Eurosystem funding dropped further to 1 billion euros of TLTRO III, with the remaining 1
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Eurobank first to tackle NPL reduction via APS
EconomyBankingthe bids submitted by Pimco and doValue on behalf of Fortress for 80 percent of Eurobank’s licensed... on the website euro2day.gr on Tuesday afternoon, the doValue-Fortress bid was considered a stronger bid... Fortress earlier in November. The bank had previously been in exclusive negotiations with PIMCO until
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Another 1 bln added in July to unpaid taxes in Greece, which total almost 68 bln
EconomyMacroeconomylow of 400-500 million recorded in April and May. The first-half target of legacy debt payments of 1... at 994 million. The MoF aims to collect an additional 1 billion euros in the second half of 2014, which
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