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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBankingEmergency Liquidity Assistance (ELA) cost partly offset by the positive impact from the time deposit... ELA cost burdened Q1 NII for two months, thus its impact on Q2 is seen at higher levels. Operating...) to 278 million with the cost of risk falling well below the 2-percent mark to 1.54 percent in Q1 from
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Alpha Bank reports lower losses of 115.8 mln in Q1 2015
EconomyBankingto higher Emergency Liquidity Assistance (ELA) funding cost that burdened NII by 33 million. This higher cost will be fully phased-in in Q2, since its burden was only for half of Q1 (since mid-February). Total ELA funding cost stands at 200 basis points (bps) compared to just 5 bps for ECB funding
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economydeposit cost, attributed to decreased time deposit rates, leading net interest income (NII) down 4... deposit cost and higher lending spreads. The time deposit cost significantly fell in Q3, with the time
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Greek households most overburdened with housing costs in EU
Societythan 40 percent of total disposable household income, Greece has by far the highest housing cost...), the Netherlands (15.4 percent) and Romania (14.9 percent) in terms of the housing cost overburden rate... the lowest housing cost overburden rates. The data also found that most Greeks (56.9 percent) live
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Gov't postpones discussion on parallel programme ahead of tranche approval
Economyprocess, while it added that the total cost is “extremely low at around 100 million”. The only...’ objections was that most interventions were not cost-quantified. In specific, the accompanying General Accounting Office (GAO) report indicated the cost impact of just a few measures, such as the widening
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Newsletter 58 - 15/01/2016
euros required to achieve the agreed pension cost savings of 1 percent of GDP (1.8 billion) in 2016... in 2012 under two laws. The annual cost for the reversal of those pension cuts is seen at 1.5 billion... wants to avoid slashing existing pensions, concentrating instead on producing cost savings from
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Newsletter 76 - 03/06/2016
the freeze will not be applied if fiscal measures producing equivalent cost savings are legislated... would be switched from the higher cost emergency liquidity assistance (ELA) to ECB funding once... that the “haves” pay their fair share and that the cost of adjustment does not fall mostly on the “have nots
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingmillion euros as the benefit from the lower wholesale funding cost, on the back of lower reliance... administrative expenses. The bank already booked in Q4 2015 the cost of a voluntary retirement scheme... for the whole year, corresponding to a cost to income ratio of 48 percent in line with what was reported
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomy. On the flipside, direct taxes are estimated to drop by around 300 million to 20.42 billion in 2017. On the cost... contributions for self-employed (49 million). The net savings amount also includes the cost of social... at a cost of 300 million. Debt The gg debt is seen at 315.4 billion euros in 2016, increasing by 3.8
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Greek households spend greatest share of income on accommodation in EU
Societyindicators: housing cost overburden, arrears on mortgages/rent payments, overcrowding, severe housing... than 40 percent of their income on housing (known as housing cost overburden), compared to an EU average of 40 percent. Greece was also highest for the housing cost overburden among 20–24 year olds (44.1
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