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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingto around 70 million in Q1, after a negative figure of 100 million in the previous quarter. However, NPE.... The cost of risk stood at 2.2 percent in Q1 and management expects a lower figure between 150-200 bps... bps to more than 310 bps in 2020. It also sees the cost to income ratio falling below 45 percent
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Of symmetry and adjustments in the eurozone
Agoraby the World Economic Forum. I am not a fan of this type of indicators, especially when making comparisons... and at the Jakarta School of Public Policy, Indonesia, where he is also head of the Economics Concentration. He
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NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBankingBulgarian Bank (UBB) and its 100 percent share in Interlease to KBC Bank for a consideration of 610
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Newsletter 205 -10/05/2019
of a bonus. Those earning pensions of up to 500 euros would receive an amount equal to 100 percent... elections. EC sees growth of 2.2 pct in 2019 Spring forecast expects growth but warns over public... showed that it is now expecting the country to grow by 2.2 percent this year compared to an estimation
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Government seeks to appease banks over ADMIE privatisation
EconomyMacroeconomythat they had granted, along with Attica Bank, a medium-term syndicated bond loan of 2.2 billion euros... of this type ever granted to a company in Greece. PPC refuted on Sunday press reports indicating.... This entails a total value for 100 percent of ADMIE at 1.33 billion. PPC held an extraordinary
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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomyand a target of 100 million. In contrast, PIB revenues were weak at 32 million from 56 million last... 1 billion euros compared to the initial estimate of 812 million incorporated in the 2014 budget... the ESA-95 methodology. Thus, the equivalent MoF projection of 812 million under EAP stands at 3.9
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Gov't adopts patchwork of measures to overcome liquidity problems
EconomyProgramme: 310 million on March 6, 348 million on March 13 and 581 million on March 16. The last tranche... euros in the March-June period. Excluding this month’s 2.2 billion, Greece has to cover 4.35 billion... remaining 310 million relate to 90 percent of HFSF current cash reserves that until the end of 2015
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With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
EconomyMacroeconomyprimary surplus for both years was reaffirmed, at 812 million in 2013 and at 2.95 billion in 2014.... Excluding the aforementioned items under EAP rules, gg primary surplus is seen at 812 million (0.4... to remain broadly stable at 2.2 percent of GDP in 2013 and at 2.3 percent in 2014 (3.96 and 4.27
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GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomyquarterly growth streak experienced by Greece began in Q2 2005 and ended in Q4 2006. GDP grew by 2.2... percent QoQ. As mentioned, the provisional estimates showed that GDP grew by 2.2 YoY after a downward... of services rose by 2.2 percent QoQ and 13 percent YoY. The MoF’s growth estimate for imports in 2018
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomy, mainly reflecting a drop in the ECB funding by 6.73 billion, as Greek banks replaced this type
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