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ECB makes Greece eligible for up to 12 bln in bond purchases amid market frenzy
Economyof the national central banks, which in Greece’s case translates into roughly 12 billion euros of Greek government... a rather modest debt strategy of a range of issues between 4 and 8 billion euros, having already
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PDMA's debt strategy for 2022 includes green bond in 12 bln haul
Economyfinancing needs in 2022 will reach 24.8 billion euros, from maturing debt of 8 billion euros, interest... and 4.3 billion other requirements These needs will be broadly addressed by issuing 12 billion euros
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Time deposit rate almost flat in Jan, average loan rate falls 12 bps
EconomyMacroeconomyin January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece... 1 bp to a new low of 0.55 percent in January. Loans The most marked change in corporate lending was posted in loans for amounts above 1 million euros, where the rate fell by 33 bps, after rising by 19
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Average loan rate falls by 26 bps, time deposit rate down by 8 bps to new record low in September
EconomyMacroeconomyGreek households’ new time deposit rate fell by 8 basis points (bps) to 0.79 percent in September... in the corporate sector in September was recorded in loans for amounts over 1 million euros, where... 250,000 and 1 million euros increased by 23 bps to 5.32 percent. Despite the drop in September
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NBG net profits at 701 mln, commissions income rises 8 pct YoY to 221 mln
EconomyBankingto a profit of 708 million euros in H1 2024, a drop of 1 percent year-on-year (YoY). Attributable profit... interest income (ΝΙΙ) decreased 9 percent YoY to 1.08 billion. Net fee income increased by 8 percent... quality NPEs stayed below 1 billion euros in H1, with the ratio at 2.5 percent and coverage at 99.8
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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... at the end of 2015, 12 billion will be restructured, while sales, liquidations and write-offs... reflecting lower insurance income. Net interest income (NII) improved by almost 1 percent QoQ to 485 million
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBanking. At this stage, the Greek state is to offer up to 12 billion euros of state guarantees for an initial period... of the securitisation, once 50 pct+1 of the junior notes have been sold to private investors and a satisfactory... is slightly more relaxed than the Italian criterion of having sold 50 pct+1 of both mezzanine and junior
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Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
EconomyBankingshort of 5 billion euros, hence the potential intakes for the state in the region of 1 billion euros... of more than 8 billion euros. Following the latest moves, HFSF will be left with a 27 pct stake
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Where is Odysseus? Part 1 - Demographics
AgoraIn 2019, one of us wrote a book[1] about the Greek economy called “The Macroeconomy of Greece... demographics impacts the availability of labor (L). Population. Figure 1 refreshes the population baseline... at around 8+ million later this century. Hence, real GDP could be larger than what we thought
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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... completed 12 consecutive months of increases. Prices rose throughout 2018 excluding two negative figures in January and March. The average CPI for the rolling 12 months since May 2018 rose by 0.9
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