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A breakdown of what Tsipras and European lenders agreed to
EconomyProgrammedeficit clause to be implemented retrospectively as of January 1, 2015. o Adopt a series of product... total of 50 billion. Half of this amount will be used for the repayment of banks’ recapitalisation... fiscal path or higher privatization proceeds. In addition, restoring market access could lower the total
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Central gov’t debt rises to 314.6 bln in Q3 on eurozone tranche and GGB redemptions
Economy. In addition, GGBs now account for 19 percent of total debt in Q3 down for 21.2 percent in Q2. GGBs held... stable QoQ at 14.92 billion, making up 4.7 percent of total, while repos fell to 9.81 billion (3.1 percent of total). In addition, the Bank of Greece holds loans of 3.79 billion. Special purpose
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingwith total on-balance sheet gross book value of approximately 1.8 billion euros, code named Project Neptune... with total on-balance sheet gross book value of 1.9 billion euros, code named Project Orion. In total, these sales are worth 3.7 billion euros and are expected to help keep the bank on track with its
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingoperations, results came to a loss of 1 million euros versus a loss of 571 million euros in Q4... of 416 million on 486 million of total Q1 provisions. Core pre-provision income (PPI) fell by 6 percent quarter-on-quarter (QoQ) to 137 million. Year-on-year (YoY) fell by 1 percent compared to Q1 2019
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It's the hope that kills you
Agorawas declared fully open, the daily cases moving average was just 41. The total number of deaths by June 1... bookings were not encouraging, and Greece’s goal was adjusted. The new target was for total travel... was about to be lifted, Greece had short of 2,600 total cases. The 7-day moving average of daily cases
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Alpha Bank Q3 results reflect net profits of 43.8 mln
EconomyBankingcoverage increased to 44.8 percent. Total coverage stands at 101.7 percent. NPL balances in Greece... at 64 percent, while total coverage including collateral came to 117 percent. Regarding the auctions... percent over total loans, while the NPE ratio will be reduced to 24 percent. P&L NII came to 381.8 million
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Newsletter 314 - 29/10/2021
, vaccination rates in Greece remain some way below the EU average as less than 65 pct of the total... of new bond issues and 2.2 billion euros of new share capital raises. Alpha Bank and Eurobank issued 1... and 500 million through the latest green bond. Since the pandemic started, the total amount of bonds
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Public sector hires under scrutiny again with more in the pipeline
PoliticsGreek Politicsbeen the sectors hit hardest by the departures, accounting for 44 pct and 22 pct respectively of total retirement applications in 2020, and 53 pct and 20 pct of the total in 2021. The government plans... against 10,000 departures. The divergence from the 1:1 rule governing public sector staffing
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Newsletter 42 - 11/09/2015
injected into the systemic banks, the resolution cost of non-core banks reached a total of 15..., of the total financial envelope of 50 billion that was earmarked for Greek bank recapitalisation... proceeded with capital increases of 8.3 billion in total, with the cancellation of HFSF pre-emption
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Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
EconomyMacroeconomyof the total figure. Investments grew by 2 percent in H1 and are seen increasing by 3.3 and 4 percent... respectively. This dragged total consumption down by 1.6 percent. For the whole year, the Finance.... Total exports declined 11.4 percent in H1, fully attributed to a nosedive in services by 25.1 percent
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