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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBankingPiraeus Bank reported a positive bottom-line result for the second straight quarter, with net profits rising to 31 million euros in the third quarter (Q3) of 2016 from 20 million in the previous..., bringing total inflows to around 1.7 billion since June. The phased-in Common Equity Tier 1 (Tier1) ratio
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Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance
EconomyMacroeconomywill be disclosed upon the release of the final budget execution bulletin, which is due after December 20... billion to November from 1.74 billion to October, which entails a notable increase by almost 1 billion
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Greek stocks start 2017 with gains of 2.6 pct, banks continue outperforming
Economywas recorded by Viohalco (+10.4 percent), Ellaktor (+8.3 percent), while 20 stocks of the 25 FTSE/Large... UBB to KBC group for 610 million euros. The transaction will strengthen NBG’s Common Equity Tier 1
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BoG report reveals impact on banks’ capital from NPE reduction and loan sales
EconomyBanking-loaded Common Equity Tier 1 (CET1) ratio of around 17 percent in June 2016, the exercise revealed... per lending segment stood above 60 percent of nominal value for housing loans, above 20 percent
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Space and time the missing elements in Greek bailout talks
Agoraas the meeting of eurozone finance ministers on February 20 represents the last real chance for even... that the government collects, another 1 billion is added to the massive pile of unpaid debts (totalling 95.29
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Special ELSTAT report reveals dramatic changes in labour market since 1980s
EconomyMacroeconomy20 percent for men and 30 percent for women and for people older than 65. It reaches more than 14... this period, while that for women edged up 1 percent. The professional status is another feature
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Newsletter 108 - 24/02/2017
of measures would be agreed together and would apply from 1 January 2019. What the coalition has... to a cut in existing main pensions by 15–20 percent on average, or by almost 1.4 billion for 1.4
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Greece searches for balanced deal as talks get underway in Athens
PoliticsGreek Politicsspending to be reduced by 1 percent of GDP and that the Greek side would like to limit the cuts to 0.75... on March 20.
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Athens prepared to legislate measures before global deal with lenders
PoliticsGreek Politicsa staff level agreement can be reached by the March 20 Eurogroup. He also strongly rejected media... full-time position to contract workers and would maintain the ratio of 1 hiring to every 5
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Athens sees faster pace of progress in review talks but no final deal yet
EconomyProgrammedemanded interventions in the tax and pension system yielding savings of 1 percent of GDP each via...-level agreement (SLA) could be reached by the March 20 Eurogroup, decoupling the conclusion
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