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Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
EconomyBankingbillion euros in bad loans which have been plaguing their balance sheets since the crisis hit the country. A total of roughly 71 billion euros worth of bad loans sit on the balance sheets...’s balance sheet, the bank said, but as yet no further developments have been reported. The National
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Budget deficit balloons to 8.2 bln euros in July amid measures linked to pandemic
EconomyMacroeconomyThe budget primary balance widened substantially in July to 8.2 billion euros, from a deficit... to 23.1 billion euros, below the aggregate target by close to 5 billion euros. The budget balance... billion euros up to June. For the current aggregate period, the budget balance missed its original
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Hercules nears end of its first cycle with National Bank's participation
EconomyBanking. The Frontier securitisation reduces NBG’s stock of non-performing exposures by more than 60 pct... their balance sheets since its debt crisis. NBG’s participation will bring the total reduction near... on the balance sheets of the country’s banks as at the end of the third quarter 2020, down 14.3 pct
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Newsletter 283 -05/02/2021
of non-performing exposures by more than 60 pct, with residential mortgages accounting for 77 pct... billion euros in bad loans which have been plaguing their balance sheets since its debt crisis. NBG’s... expires. A total of 58.7 billion euros worth of bad loans sit on the balance sheets of the country’s banks
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Private sector deposits rise by 1.83 bln in Nov, led by corporations
EconomyMacroeconomythe balance was broadly stable in October, when it rose by just 11 million, The annual growth.... The outstanding balance of private sector deposits stood at 175.66 billion euros, reflecting corporate... the aggregate balance for the year so far to an increase by over 12 billion euros. The current level remains
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Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
EconomyMacroeconomyThe budget primary balance for the first five months of 2022 came to a deficit of 1.49 billion... to the final Finance Ministry (MoF) budget execution data released on Monday. The primary balance beat... billion euros. The budget balance up to May came to a deficit of 4.07 billion euros, from
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Final budget execution for June affirms solid revenues, driven by VAT and income tax
EconomyMacroeconomyThe budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros... Finance Ministry (MoF) budget execution data released on Monday. The primary balance beat the target... euros. The budget balance up to June came to a deficit of 6.46 billion euros, from a 12.22-billion
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Final budget execution data for Sep highlights overperformance in most tax categories
EconomyMacroeconomyThe budget primary balance for the nine months of 2022 came to a small surplus of 52 million euros... to the final Finance Ministry (MoF) budget execution data released on Tuesday. The primary balance beat... billion euros. The budget balance up to September came to a deficit of 4.22 billion euros, from
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Final budget for Oct affirms new targets and tax outperformance
EconomyMacroeconomyThe budget primary balance for the ten months of 2022 came to a deficit of 350 million euros... that the primary balance now beats the target by 252 million euros. The overperformance up to last... million euros. The budget balance up to October came to a deficit of 4.77 billion euros, from
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Final budget execution for Dec confirms primary deficit beat target by 1.85 bln
EconomyMacroeconomyThe budget primary balance for the year 2022 came to a deficit of 6.65 billion euros, compared... execution data for December released on Wednesday. The primary balance beat the latest target by 1.85... to 58.51 billion euros. Net revenues reached 59.62 billion euros. The budget balance for the year came
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