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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomyshowed that the total number fell by 8.9 percent to 3.7 million in Q2 2018 compared to Q4 2017... such as the restriction on capital flows after the capital controls of 2015, and external factors... and privatisations should be emphasised to drive job creation and generate sustainable fixed capital
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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingpercent in Q1) and 74 percent at the group level. The total Greek loan yield fell slightly to 368... of 6 percent of the principal amount, which they said represents the most capital accretive... November 2017, assisted by capital actions. The current amount consists solely of targeted longer-term
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Economic diversification vital to Greece's post-coronavirus future
Agorato be a valuable export industry at 4.3 per cent of total exports (EUR 1.4bn) in 2018, yet it should not go..., corporate capital expenditure, and consumer discretionary spending globally. With tourists stuck at home... beyond the local markets” explains Spyros Martsekis, Managing Partner of Ionian Capital, which advises
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NBG posts 557 mln profit in Q1
EconomyBanking), compared with 31 bps in the same quarter of 2020. Capital The CET1 ratio stands at 16.1 percent, a 40 bps QoQ improvement that reflected improved profitability. The total capital ratio reached 17.1..., the Frontier securitisation and Ethniki Insurance sale will boost the capital ratio by about 170 bps
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NBG increases profits in H1 as it progresses with NPE clean up
EconomyBankingof 2020. Capital The CET1 ratio stands at 16 percent, a 30 bps improvement from the end of 2020 that reflected improved profitability. The total capital ratio reached 17 percent, exceeding... and Ethniki Insurance sale will boost the capital ratio by about 170 bps to 18.8 percent.
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Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
EconomyBankingcapital increase that took place in July. The bank’s Total Capital Ratio stood at 17.4 percent after the share capital increase, down from 18.3 percent in Q1.
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PM presents warship, mutual defence deal with France as game changer
PoliticsGreek Politicsjets, taking the total it has ordered to 24. In his comments at the signing ceremony, Mitsotakis... for the Public Power Corporation to conduct a capital raise that will see the state’s stake reduced by 17... aware that PPC would announce a capital raise. The Capital Markets Commission is investigating
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Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
EconomyBankingbillion euros. The loans will be derecognised from the bank’s statements in Q4 2021. The capital impact of the transaction is seen at 1 percentage point as of June 2021 total capital ratio, from... the Frontier securitisation after entering talks with a consortium of Fortress, Bain Capital
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BoG stresses need to avoid putting investment grade at risk
EconomyMacroeconomyof losses due to balance sheet clean up, and this is an internal capital generation. Sector profits came to 3.6 billion euros in 2022, from losses of 4.8 billion euros in 2021. Tier 1 capital in the banking sector in December 2022 was 14.5 pct, while the total capital ratio was 17.5 pct, both below
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Underwhelming GDP highlights investment falling short of mark
EconomyMacroeconomyalso grew by 3.7 pct thanks to a solid tourism season that favoured exports of services, to a total.... In the final budget for 2023, the Finance Ministry expected fixed capital formation to grow by 15 pct in 2023... of the RRF loans via commercial banks. In the end, fixed capital formation grew last year by just 4 pct
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