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NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBankingopportunities in the region following its purchase of a 50 percent stake in AIG Greece last December, EXIN... on December 15 related to the repayment of contingent convertible bonds (CoCos) amounting to 2.03 billion, which were issued in December 2015 and were held by the Hellenic Financial Stability Fund (HFSF
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Newsletter 125 -30/06/2017
were disbursed in December 2015 for the recapitalisation of two core banks. The second tranche... in May Positive headline figure is the highest reading since December Time deposits recorded inflows... is the highest reading since December. As a result, the private sector deposit balance increased
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Newsletter 131 - 8/9/2017
its goal of wrapping up the process in time for the December 4 Eurogroup. Alternate Finance... Headline figure for the month is the lowest reading since December 2011 The breakdown showed... fallen to its lowest level since December 2011. Compared with the previous month, the number
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PM's Washington visit looms over domestic politics, review schedule
PoliticsGreek Politicsdeliverables by the end of November, leaving just a few remaining tasks to be completed by the December... for auctions, which is expected in late November or early December. At the moment, the government’s... of his party’s “pre-conferences” ahead of the main New Democracy conference in December, conservative
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PM hopes to avoid stumbling blocks amid numerous outstanding review actions
PoliticsGreek Politicsfor the December 4 Eurogroup, several prior actions have to be ticked off each week between now and then. Apart..., the unilateral handout triggered an angry response from the creditors last December and they will be keen... in December, is unlikely to inflict any political damage on the government. However, if Athens comes
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Deal seen on energy liberalisation as third review SLA edges closer
EconomyProgrammeAgreement (SLA) before the December 4 Eurogroup and it appears that one of the big-ticket items in the third... before December 4, otherwise a technical agreement would not be possible. Reports on Monday suggest... euros would be auctioned at first. Beyond third review If an SLA is achieved by December 4
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Newsletter 149 -2/02/2018
to 101.86 billion, representing a historic high. Greece’s new tax debt rose by 1.3 billion euros in December... revised reading of 101.3 in December according to figures from the European Commission (EC... in December 2017. In 2017, consumer confidence rose by a total of 14.1 points. PMI rises to 55.2
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General govt primary cash surplus at 5.93 bln in Dec, arrears fall by 584 mln
EconomyMacroeconomythe largest portion of overall arrears at 45.5 percent of the total, and stood at 1.51 million in December... of Greece’s financial statement for December. Bank support remained unchanged, while gg entities fell... billion in December, of which ELA guarantees constituted 21.32 billion. Bank support guarantees remained
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Newsletter 150 -26/01/2018
in December Latest figure slows from November’s decline, exports rise versus imports Greece’s trade deficit fell by 0.8 percent in December, slowing from November’s decline of 11.5 percent according... in exports compared to imports. Specifically, exports in December rose by 12.1 percent year-on-year
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CPI falls by 0.2 pct in Jan, first negative figure since Nov 2016
EconomyMacroeconomyterritory from the rise of 0.7 percent in December, Hellenic Statistical Authority (ELSTAT) data showed... readings after four uninterrupted years of deflation. Compared to December, the rate of change showed... in December. The goods’ index fell by 0.6 percent and services’ index advanced by 0.4 percent
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