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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBankingmillion in the previous quarter. Core pre-provision profit (PPI) rebounded by 1.2 percent quarter-on-quarter (QoQ) to 305 million, mostly reflecting a drop in operating expenses following
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBanking, core pre-provision income (PPI) fell by 7 percent quarter-on-quarter (QoQ) to 182 million, largely due to a seasonal increase of 5 percent in operating expenses. On an annual basis, PPI increased by 4... the outstanding sales to be completed this year. As part of its NPL reduction strategy, NBG is proceeding
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankingyear. Core pre-provision income (PPI) fell by 15 percent quarter-on-quarter (QoQ) to 120 million. Compared to the same quarter last year, PPI fell by 39 percent. Asset quality Domestic non-performing.... As part of its NPL reduction strategy, NBG is proceeding with the sale of an NPL portfolio totalling 3
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Back from the brink: What next for Greece's property market?
EconomyFeaturesRightmove put Greece in sixth place among countrries where Britons are looking for overseas property... stabilises. The country’s economic and political fragility combined with bureaucracy and high property tax continue to put off overseas investors. The one property sector that is doing well is the luxury
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Are hirings in the public sector out of control?
EconomyFeatureshiring spree as charged by the opposition? Or, to put it in less adversarial terms, what is driving.... The actual number of hires by the end of the year was 7,063, which would put it marginally below the cap.... “The government is proceeding with thousands of irregular appointments and grantings of tenure, while
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European Commission keeps DSA broadly same, stresses need for relief
EconomyProgrammeThe Compliance Report issued by the European Commission following the formal conclusion of the third review at Monday’s Eurogroup includes the updated Debt Sustainability Analysis (DSA) put together... seen slightly lower to 2 percent of GDP by 2025. Debt to GDP ratio stabilises at a higher level
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Greek banks push for return to normality
EconomyBankingproducts at the height of the crisis, Greece’s banks were further crippled by the capital controls put... loans, credit cards and is expected to extend to housing loans as the market stabilises.
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Newsletter 260 -31/07/2020
and there was broad backing for the decision to stand up to Turkey. There was also an effort to put on an outward... construction stabilises Compared to July 2019, the ESI has decreased by 15.8 points. Greece’s economic
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Newsletter 34 - 10/07/2015
Sliding from No to Yes Govt proposals resemble those put forward by Commission The Greek Parliament... an explanatory memorandum in Greek (compared to the English text sent to Brussels) that put the amount... in the same period last year. This translates into a net drop in retail sales by 305 million over
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Bond difficulties put a dent in coalition's exit plans
PoliticsGreek Politicsof the third bailout in August has put another dent in the government’s hopes of making as clean a break... official told Reuters that the bond issue plans have been put on hold due to the market turbulence... sensing that the debt relief package which Greece’s lenders are due to put forward is likely to fall
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