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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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Shortcomings in healthcare seen at forefront of austerity impact in Greece
Societyusers rose from in 2009 to 484 in 2012 (figure 1) and preliminary data for 2013 suggest..., with newly unemployed people aged 29–55 years covered for a maximum of 2 years. Rapidly increasing... of major depression, from 3•3 percent in 2008 to 8•2 percent in 2011, with economic hardship being a major
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Greek stocks rise by 16 pct during week on hopes of deal in Brussels
Economythen the market slightly corrected on Wednesday and rebounded by more than 2 percent on Friday ahead... and capital return of 0.15 euros per shares each on June 24 with the payment date set on July 1.... The dividend is due to be paid on July 2. Next week Public Power Corporation (PPC), Piraeus Bank
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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammedisbursed last August, 2 billion in November and another 1 billion in December. In addition, another... euros (1.5 billion in Q1, 9.6 billion in Q2, 2 billion in Q3 and 5.1 billion in Q4), while an amount of 2 billion will be used for state deposit financing. Finally, for the first 8 months of 2018
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IMF revises fiscal estimates upward, sees debt ratio at 162.8 pct in 2022
EconomyMacroeconomypercent of GDP (from 0.7 percent before) and for 2018 to 2 percent (from 1.6 percent). However... at zero (from -3.4 percent of GDP) in 2016, at -1.5 percent (from -2.7 percent) in 2017 and at -1... thereafter to -1.5 percent of GDP in 2019, to -1.7 percent in 2020, to -2 percent in 2021 and further
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