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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBankingEurobank’s results for the third quarter (Q3) of the year showed net profits after income tax... year’s figure of 191.7 million. Factoring in discontinued operations and restructuring costs, net... formation remained flat. In contrast, NPL formation stayed positive but substantially reduced, standing
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Newsletter 251 -22/05/2020
performance over the summer will play a big part in determining the state of the Greek economy this year... what it can of this year’s summer season by unveiling a set of measures this week, while admitting that this year’s season will not resemble other years in terms of visitors or the tourist experience
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Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBankinginsurance unit, Eurolife ERB. For the whole year, Eurobank turned profitable for the first time since 2010. Its net profits reached 230.1 million in 2016 from losses of 1.18 billion a year ago, mostly... in Q4 from 34.8 percent in Q3. In the Greek market, the NPL ratio stayed flat at 37.7 percent. Moreover
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Greece and lenders far apart on foreclosures as housing NPLs keep rising
EconomyProgrammedifference between the Greek government and the institutions during the 3-day visit of the quadriga...) be deemed eligible for protection. The quadriga appeared willing to discuss the threshold of 120,000... local media that the quadriga’s proposal would protect 17.3 percent of those with housing non
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammean agreement could be clinched by March 25. The quadriga proposed to the Greek government last week.... According to this quadriga proposal, the current tax-free threshold of 9,550 euros would be lowered... tax break. Both the government and the quadriga proposals result in lower tax for those self
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Greek primary cash surplus more than doubles to 2.45 bln at end of August
EconomyMacroeconomydifference on the preceding month. Debt The outstanding state debt stayed flat year to date at 321.5 billion... to date. It was down to 55.93 billion at the end of August, while it remained flat MoM. The year to date...The Greek general government (gg) primary cash surplus more than doubled year on year (YoY
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Rebound of 0.3 pct in Greek GDP puts annual estimate of mild recession in sight
EconomyMacroeconomyyear on year (YoY) in Q2 from a revised decline of 0.8 percent posted in Q1. The previous ELSTAT... in Q2 after a revised flat growth in Q1, while it increased by 0.8 percent YoY, after a drop of 0.8... contracted by 0.7 percent in the first half (H1) of 2016, while nominal GDP remained flat. In the course
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Newsletter 127 - 14/07/2017
to reports, the coalition favours a five-year bond between 2 and 4 billion euros and will target a yield of less than 5 percent. It is not clear if it will be a reopening of the five-year bond that matures... at the end of 2016 from 348.77 a year ago. The decline largely reflects a drop by more than 26 billion
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Mitsotakis visits China to keep relations ticking over
PoliticsForeign PolicyLi Qiang. Mitsotakis was accompanied by the Minister of Infrastructure and Transport, Christos
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Newsletter 141
to appear in the Greek economy this year, though they are fragile. Tourism, one of the main pillars... proposals to redistribute 1.4 billion euros from this year’s excess primary surplus. Lawmakers from... budget against a programme target of 1.75 percent of GDP. Outperformance is expected next year too
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