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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingAlpha Bank reported on Tuesday a nine-month (9M) net profit of 110.3 million euros from 3.13... in Q2. The QoQ improvement mainly reflects increased net interest income (NII). Higher NII, up 2.3... the previous year. The net interest margin (NIM) remained almost flat at 2.7 percent QoQ, reflecting a loan
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Income inequality in Greece has grown during crisis, OECD report shows
Societythe average household lost over 8 percent of its real net income annually, well above Spain, Ireland... hold. Reflecting this fall income and the lack of a social net, the crisis period also saw a marked... similar to that for jobless households (based on their net income). It says a possible reason
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Even week for Greek stocks but trading thins out
Economy-quarter (Q2) financial results on that day. Aegean Airlines’s net profit came in at 23.1 million... financial expenses resulted in net losses of 20.2 million from 36.6 million last year. Terna Energy posted net losses of 0.9 million in Q2 from 1.2 million last year with turnover rising by a double-digit
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economyin investments by an estimated 12 percent, while the net job increase reinforces expectations that unemployment... contributed to financial stability. Net general government (gg) debt is estimated to significantly... of GDP. However, from 2017 onwards, S&P forecasts notable decrease in net gg debt to GDP subject
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Amid protests, coalition ponders tweaks to pension plan
EconomyProgrammealmost triple from 6-7 percent to 20 percent, while the tax rate on their net income is due... percent of farmers declare annual net income (revenues, excluding subsidies up to 12,000 euros... called for the contributions made by the self-employed to be linked to their net income compared
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Gov't proposes easing impact of pension reforms on self-employed for three years
Economynew social security contributions, starting from 50 percent for annual net income up to 10,000 euros... to data provided by the Labour Ministry, self-employed with annual net income below 10,000 euros... rise of 0.2 percent and lawyers a 10.1 percent rise in their disposable income. For higher net
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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammeof 0.3 billion, net financing needs amount to 15.3 billion. These would be covered by programme... billion result in net financing needs of 16.2 billion. Programme disbursement is seen at 18.2 billion... primary deficit is seen at 3 billion. Net financing needs are estimated at 5.2 billion euros
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Newsletter 80 - 01/07/2016
in May on net loan deductions of 357 million, the second highest figure in the course of this year... the beginning of the year, loan net deductions stand close to 1.5 billion, similar to those reported... earlier. Net deductions increased to 357 million euros in May, which is the second highest figure
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Greek stocks fall 1.5 pct, banks underperform for third straight week
Economyfor Eurobank improving its CET1 ratio by 27 bps. Grivalia Properties net profits fell by 76 percent to 5..., the company’s net asset value (NAV) stood at 846 million or 8.35 euros per share. Mytilineos net... net profits by 33.6 percent to 19.4 million with revenues up by 2 percent to 262.6 million, while
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Greek stocks rebound 2.4 pct, banks edge down for fourth successive week
Economy. Corporate news Coca Cola Hellenic (CCH) posted on Thursday a 2.4 percent rise in FX neutral net sales in the first half (H1), while accounting for the currency movements reported net sales fell by 3.4 percent. Comparable net profit increased by 6.1 percent to 150.4 million. On the same day, Hellenic Telecom
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