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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBanking, corresponding to cost of risk (CoR) of 160 basis points (bps) from 172 bps in Q1, while the bank estimates CoR to land at 140 bps for the whole year. Cumulative provisions marginally fell to 17.31
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBankingper annum and an average cost of risk (CoR) of 1.3 percent. Under this scenario, CET1 ratio is seen... by 5.5 percent per annum and a CoR of 1.6 percent in 2016, 1.2 percent in 2017 and 0.9 percent
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingmillion from 100 million in Q2 (CoR of 32bps), reflecting positive house price movement. In the year to date, loan impairments amounted to 223 million (CoR at 105bps). Eurosystem funding remained at 2.3
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingloans in H1 2020 with Covid-19 related provisions of 234 million. The cost of risk (CoR) stood at 2.6..., CoR in the second quarter stood at 1.5 percent over net loans. Other impairment losses registered
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If you think it's bleak for Greece now, wait until tomorrow
Agoraproductivity growth since 1970 has been averaging 0.7 percent, by far the lowest in the euro area, which
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Greek train firm TRAINOSE attracts just one bid, no interest in rolling stock
Economyin 2005 as a subsidiary of the Greek railway company (OSE), which was founded in 1970 and is wholly owned
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Gains and losses for all sides from vote on constitutional changes
PoliticsGreek PoliticsAnnegret Kramp-Karrenbauer and IMF managing director Christine Lagarde. The conservatives suggested
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Is Berlin prepared for a new government in Greece?
Agoraof the CDU and successor to Angela Merkel, Annegret Kramp-Karrenbauer reiterated such disagreements
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Russia sanctions, regional diplomacy dominate Tsipras visit to Ukraine
PoliticsForeign Policyas the ongoing sanctions and the embargo of the European Union against Russia has damaged the country’s trade and economic relations with Moscow. Greece’s economy has suffered from the embargo on food... diplomatic sources. Despite the EU embargo against Russia, however, Athens’ relations with Moscow
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Athens blocks EU statement on China amid growing economic ties
PoliticsForeign Policyto Athens, Chinese Foreign Minister Wang Yi said that his government is willing to further enhance
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