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Deposit interest rates largely unchanged in April, average loan rate increases
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 2 basis points (bps) to 0.68 percent in April... area average rate of 0.42 percent. Taking into account a slight drop of 2 bps in the corporate... (mostly credit cards) edged down by 2 bps to 14.52 percent. Moreover, the housing loan rate fell by 7
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Greece secures next bailout tranche, moves towards deal with lenders
PoliticsGreek Politicseuros of debt repayments to make in July, this would leave close to 2 billion euros...” and whether Greece would have to maintain a primary surplus of “at least” 2 percent of GDP between 2023 and 2060 or an “average” surplus of 2 percent during this period. Dijsselbloem’s comment regarding
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Newsletter 131 -15/09/2017
showed that unpaid taxes shot up by just over 2 billion euros in July compared to a rise of 727 million... since January 2015. 2 Building activity rises by 9 pct in June Permits remain above the 1,000-mark... by 2 percentage points (pp) from the Q2 2016 figure of 23.1 percent. This change was driven mostly
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Greek household expenditure falls by another 2.5 pct in 2016
Societyto 1,392.03 euros, down by 2 percent or 28.97 euros compared to 2015’s figure. The average expenditure per month per person came to 538.94 euros in 2016, down by 2 percent or 11.24 euros compared to 2015... being spent on food by 4.3 percentage points (pp), while spending on housing rose by 2 pp, health
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingwith a combined value of around 2 billion euros. These are composed of unsecured non-performing... in administrative and employee costs by 7 percent and 2 percent, respectively - branches have been reduced by 8... sheet amount of around 2 billion euros,” he said. “For the full year 2017, we are committed
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European Commission keeps DSA broadly same, stresses need for relief
EconomyProgrammedevelopments. Inflation is seen at approximately 2 percent from 2014, which brings the nominal long-term..., with Greece already having paid back 2 billion euros from the sale of Finansbank by National Bank... seen slightly lower to 2 percent of GDP by 2025. Debt to GDP ratio stabilises at a higher level
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBanking, the figure declined by 0.9 percent for the group and by 2 percent for Greece. As a result, the cost... percent to 750 million, with a cost of risk of 2 percent versus 1.96 percent in 2016. As management noted...). The coverage for stage 2 loans increased by 620 bps to 10.7 percent in Q4, while that for stage 3 loans (NPE
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBanking) and operating income. For 2017, core PPI increased by 2 percent year-one-year to 1.21 billion. Asset quality Non-performing exposure (NPE) stock in Greece fell for the fourth quarter in a row by around 2... 2017. ECB funding fell by 2 billion to 3.2 billion in December 2017 compared to a year ago
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Budget primary surplus at 2.32 bln in Mar, beating target by 1.22 bln
EconomyMacroeconomybillion euros. Primary expenditure came to 9.45 billion euros, very slightly below target by 2 million... of the year showed that primary expenditure came to 9.45 billion, very slightly below target by 2... of the year, expenditure declined by 8.5 percent to 11.36 billion, standing 2 million lower than target. PIB
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IMF revises growth forecasts downwards, emphasising gap with other lenders
EconomyMacroeconomyframework. The IMF sees Greek economic growth in real terms at 2 percent in 2018, then decelerating... Greece to grow by 2.3 in 2018 and 2 percent next year. Ratings agencies are also more optimistic than... the positive outlook, with growth estimates that exceed 2 percent in the near term. On the sidelines
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