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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingin Q2 from 121 million euros in Q1, corresponding to a cost of risk (provisions over net loans) of 48 bps from 167 bps in Q1. The H1 cost of risk came to 108 bps from 276 bps in H1 2017. Management... without any impact on liquidity or funding cost, as Greek sovereigns were replaced with investment grade
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBanking, corresponding to a cost of risk (provisions over net loans) of 109 bps from 48 bps in Q2. The 9M cost... or funding cost, as Greek sovereigns were replaced with investment grade covered bonds. Capital The Common
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SYRIZA and ANEL: Far from picture-perfect
Agorasix months, when misguided negotiations with the troika/institutions, cost the country billions while... the economic impact of the first half of 2015, it is another type of cost that will be the biggest blemish... the political cost and focussing purely on delivering progressive change. Quality of democracy
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S&P keeps rating at 'B+' and highlights obstacles to competitiveness
Economyof GDP. The average cost of servicing this debt stood at 1.6 percent at the end of 2018, significantly lower than the average cost of refinancing for the majority of sovereigns in the 'B' category... to conditions. Competitiveness With the exception of labor cost competitiveness which was restored during
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingfor the group and 2.1 percent for Greece. This took the cost-to-income ratio to 51.6 percent from 49 percent in Q4 2018. Loan loss provisions fell by 1.8 percent QoQ to 164.6 million corresponding to a cost... across all areas which support fee and commission income and further cost containment,” he concluded.
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammereduction from 24 to 20 percent the following year. The cost of the second reduction is estimated at 600... administration also approved an increase in widows’ pensions that will cost 150 million euros... this year. This has an annual fiscal cost of 830 million euros. The conservatives had said
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Newsletter 217 -02/08/2019
the extra 205 million euros in fiscal cost the government is adding to SYRIZA’s plan to cut ENFIA..., for a price of 99.924 and a yield of 0.15 percent. The borrowing cost dropped substantially from... and July, from 0.41 percent to 0.23 percent. The borrowing cost has also halved for the 52-week T
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingoperating expenses stood at 476 million in H1, reflecting a fall of 7 percent YoY. The cost-to-income ratio... of the year stood at 332 million compared to 312 million in H1 2018. The cost-of-risk for H1 2019 was 174 bps which management noted was within the range expected for the full year. The cost-of-risk
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBanking, unchanged QoQ with a cost of risk of 140 bps. In H1, the loan impairments came to 200 million with a cost of risk at 140 bps. Eurosystem funding remained at 2.3 billion in Q2, unchanged QoQ... exposure was reduced by 2.7 billion in the year to date, stemming from further funding cost
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Athens preparing to present budget plans to lenders after tax cut pledges
EconomyProgramme, the reduction to the corporate tax rate will cost 600 million euros. Bringing dividends tax down from 10... child, which is due to be introduced next year, will cost 180 million euros. The reduction of social security contributions, which is set to begin next summer, has an estimated cost of 200 million euros
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