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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBanking(NPE) ratio rose to 45.1 percent in June from 44.2 percent in December 2015, largely attributed... from 26.2 percent in December, while performing exposures past due less than 90 days fell to 12.2... within the first six months of 2015, which have risen by 31 percent since December 2015 and by 61
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ESM board to specify rules on short-term debt relief measures
EconomyProgrammepresented at the December 5 Eurogroup. The first debt-relief measure involves a bond exchange... of bank recapitalisation in December 2015. According to reports, Piraeus Bank’s board approved... measures endorsed by the last Eurogroup on December 5.
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ESM and EFSF approve short-term debt relief measures for Greece
EconomyProgramme. The measures were initially endorsed by the December 5 Eurogroup, but were put on hold after Prime... Bank as state aid during the last round of the Greek bank recapitalisation process in early December... in the Greek Parliament’s general assembly on December 9, Greek Finance Minister Euclid Tsakalotos
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Greece cleared arrears of 3.1 billion in 2016
EconomyMacroeconomyThe Greek government cleared arrears to the private sector of 565.6 million in December, according... of arrears payments revealed that the December figure was the second highest reading after the record... of December. Taking into consideration that arrears payments stood at 3.13 billion over this period, we
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Eurosystem funding drops at sharper pace of 3.6 bln in Jan
EconomyMacroeconomya drop of 1.87 billion in December, the Bank of Greece's (BoG) monthly financial statement showed... funding by 2.76 billion to 20.2 billion, which is the lowest reading since December 2012. At the same... in circulation fell by 109 billion in January after rising by 290 million in December. They eased
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeatures, but the minimum remaining maturity was reduced from two years to one year by the ECB last December. The maturity... billion after August 2018. The PSPP is due to run at least until December 2017. The monthly... banking system in the July 2015 – December 2016 period, while another 7.9 billion were repatriated
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Building activity rebounds 2.1 pct in Dec, falls 5.5 pct in 2016
EconomyMacroeconomyGreek building permits rose by 2.1 percent in December after dropping by 1.4 percent... of permits reached 1,270 in December, which is the second highest reading in 2016 after the high of 1,392 recorded last July. Unlike permits, the surface fell by 9.3 percent in December, while volume
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ECB increases ELA ceiling for Greek banks by 400 mln for first time since summer 2015
EconomyMacroeconomyinflows of 2.8 billion in December. As we noted, the deposit flow in both months largely reflected... evident last year, when the December 2015 positive flow of 2.65 billion was followed by a negative flow... banking system to 6.8 billion in the August 2015–December 2016 period. In case outflows of almost 4
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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBankingthe number of branches decreased by around 20 percent to 721 at the end of December. Impairment losses... in December and further to 13 billion in February. The bank also said that the nominal value of pillar II... in the coming months. At the same time, interbank repos, which stood at 600 million in December doubled
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Newsletter 123 - 16/06/2017
to lowest level since December 2014 New tax debt increased at a slightly sharper pace by 754... funding landed at 56.92 billion at the end of May, its lowest level since December 2014. The monthly... since December 2016 and is the highest reading since July. The corresponding surface climbed by 49.1
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