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  1. NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
    Photo by MacroPolis

    EconomyBanking

    reflects: 1) Negative impact of 1.16 billion euros from Finansbank (mostly additional impairment of 612.... Net interest income (NII) edged up 1 percent QoQ to 474 million euros, largely due to lower..., the Common Equity Tier 1 (CET1) ratio reached 17.5 percent in Q4. The fully-loaded Basel III CET1 ratio

    9%
  2. Greek ministers still hopeful of reaching deal with creditors this month

    Economy

    fiscal measures yielding 1 percent of GDP each. However, he did not comment or provide any detail...’s plan on the income tax reform would yield 1 percent of GDP via a change in the income tax scales... taxes. Pensions On the pension reform, Katrougalos said that the government’s plan yields 1 percent

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  3. Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct

    EconomyMacroeconomy

    of 0.61 percent. Overall, the weighted average rate on total new deposits slipped marginally by 1 bp... in March was a sharp drop by 90 bps in loans for amounts over 1 million euros to 3.93 percent from 4.83 percent in March. In addition, the rate for amounts between 250,000 and 1 million euros fell

    9%
  4. IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyProgramme

    sustainable, the IMF suggests: 1) Maturity extension of 14 years for EFSF loans, 10 years... is weaker (1 percent) and primary surplus lower (1 percent of GDP), debt would not become sustainable

    9%
  5. Central government debt edges down to 321 bln in Q1

    Economy

    1 billion QoQ to 11.03 billion accounting for 3.4 percent of central government debt. The debt...-term (up to 1 year) and medium-term (1 to 5 years) debt. It is worth noting that Greece’s cash

    9%
  6. Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
    Photo by MacroPolis

    EconomyBanking

    in the previous quarter. The management reiterated its target for a negative NPL formation of 1... to loans and other (15 billion), while the cash value of the used pillar II bonds stood at 1 billion... to see deposit inflows of around 3 billion. The phased-in Common Equity Tier 1 (Tier1) ratio eased

    9%
  7. Net profit of 87 mln for NBG in Q1
    Photo by MacroPolis

    EconomyBanking

    and reduced operating expenses. In more detail, net interest income (NII) rebounded 1 percent QoQ... by 1 billion in 2017, while the NPL ratio is seen down to mid-teens in the medium-term... Equity Tier 1 (CET1) ratio slipped to 17.2 percent in Q1 from 17.5 percent in Q4, while the fully

    9%
  8. Government tables amendments with aim of securing bailout tranche within days

    EconomyProgramme

    will apply as of June 1 instead of January 1. This means that there is no issue any more... savings are legislated until September 30, 2016 and implemented as of January 1, 2017. The multi-bill

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  9. Unemployment up for second straight quarter to 24.9 pct in Q1
    Photo by MacroPolis

    EconomyMacroeconomy

    , despite easing by 1 pp to 50.9 percent in Q1. The most notable decline was posted in the next age group... for the second straight quarter by more than 1 pp quarter on quarter (QoQ) to 21.1 percent in Q1 from 22.6 percent in Q4. Meanwhile, the number of long-term (more than 1 year) unemployed fell to 839,800

    9%
  10. Adult skills in Greece lacking, indicates OECD survey
    Photo by MacroPolis

    Society

    adults (26.5 percent) in Greece are proficient at or below level 1 in literacy (compared to the OECD average of 18.9 percent) and almost 28.5 percent score at or below level 1 in numeracy (6 percentage... in 24 countries. The adult skills survey was conducted in Greece from 1 April 2014 to 31 March 2015

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