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Newsletter 58 - 15/01/2016
for a rise in the SSC for supplementary pensions by 1.5 percentage points (pp), of which 1 pp will come... euros required to achieve the agreed pension cost savings of 1 percent of GDP (1.8 billion) in 2016...–20,000 euros. On the fiscal front, there are estimates that the fiscal gap could reach 0.5–1 percent
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammebailout programme calling for pension cost savings of 1 percent of GDP (1.8 billion euros) in 2016... to legislate credible measures yielding 1 percent of GDP in total for 2017-18 to support the 2018 fiscal target... sub-tranches of 2 and 1 billion were disbursed on November 23 and December 22 after
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Time deposit rate almost stable in December, average loan rate rises 17 bps
EconomyMacroeconomyGreek households’ new time deposit rate rose by 1 basis point to 1.02 percent in December, Bank... in corporate lending were recorded in loans for amounts above 1 million euros, where rate rose by 19 bps to 5.19 percent and in for amounts between 250,000 and 1 million euros, where rate fell 13 bps
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Time deposit rate almost flat in Jan, average loan rate falls 12 bps
EconomyMacroeconomyin January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece... 1 bp to a new low of 0.55 percent in January. Loans The most marked change in corporate lending was posted in loans for amounts above 1 million euros, where the rate fell by 33 bps, after rising by 19
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Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
Economy: a) the disbursement of the two bailout sub-tranches of 2 billion euros on November 24 and 1 billion... short-term (up to 1 year) and medium-term (1 to 5 years) debt. Greece’s cash deposits advanced
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Some progress made as Greek programme review heads for break
EconomyProgrammescale are estimated at around 1 billion euros, while an increase in the solidarity levy rates is also considered, which could fetch another 1 billion in tax revenues. Another tax issue relates... also discussed measures yielding at least 1 percent of GDP for achieving the primary surplus target
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Greek ministers still hopeful of reaching deal with creditors this month
Economyfiscal 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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Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct
EconomyMacroeconomyof 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
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Central government debt edges down to 321 bln in Q1
Economy1 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
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Net profit of 87 mln for NBG in Q1
EconomyBankingand 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
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