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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingtrading income, the bank’s core pre-provision income (PPI) fell 3 percent quarter on quarter (QoQ... that out of the 3 billion euros in impairments in 2015, 1.6 billion relate to the outcome... to 4.9 billion in December from 2.8 billion in September. From a total ELA collateral pool of 24.6
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Newsletter 67 - 18/03/2016
to the Q4 reading for 2014. The year-on-year decline reflects a rise in the number of employed by 3.... The year-on-year decline reflects a rise in the number of employed by 3 percent. Rise in long-term.... In addition, the percentage of long-term unemployed as part of the total number of jobless people
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Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyon total new deposits eased 6 bps to 0.49 percent, which also points to a new low. Loans... euros slipping by 3 bps to 4.83 percent. For lower amounts, the respective rate stood at 5.62 percent... to 14.66 percent. The interest rate for loans to sole proprietors eased by 3 bps to 7.44 percent
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomy) - the government has to identify additional measures of 1 percent of GDP to cover the fiscal gap of 3...: 1) Tax on OPAP lottery games and Video Lottery Terminals (VLTS) and internet betting with total... euros. 3) A levy on hotel stays of 1-5 euros per night, according to the hotel’s category
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Newsletter 75 - 27/05/2016
as a way of partly negating the recessionary impact of the 3 percent in GDP of austerity measures... to the reduction in FSM loans by 1.42 billion. Where now 10.3 bln tranche? From the total amount... just passed a package of legislation that any administration in Europe would have balked at: 3 percent
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Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
EconomyMacroeconomy. The expenditure breakdown showed salaries and pensions dropped 1.4 percent in April and 3 percent... target of 1.45 billion) 3) Consumption and non-allocated expenditure (at 235 million, at 15 percent... in the 4-month to 2.87 billion almost spot on target. Overall, total expenditure fell 1.6 percent
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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomythe weighted average rate on total new deposits eased by 1 bp to 0.42 percent, which represents a new record..., the interest rate for loans to sole proprietors slipped 3 bps to 7.32 percent. Overall, the weighted average rate on new loans slightly increased by 3 bps to 4.87 percent in June after a marginal drop
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All-round concern about Greek-Turkish tension in run-up to referendum
PoliticsForeign Policyto the European Convention on Human Rights, whose Article 3 clearly says that "No one shall be subjected... will not be subjected to actions that are against Article 3 of the ECHR. Nevertheless, government sources... is annoyed by these leaks as they could cast a shadow over the gas extraction process by Total and disrupt
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Athens waits to sound out IMF, PM moves on from vote
PoliticsGreek Politicsthat fact that several of his MPs failed to back Article 3 of the gender identity bill, which allows Greeks to their officially recognised sex from the age of 15. Although a total of 171 MPs backed the bill during the “in principle” vote, only 148 voted for Article 3 in the more detailed ballot. Three
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Hydrocarbons add to tension between Turkey, Greece and Cyprus
PoliticsForeign Policyto reach Cyprus' block 3 for hydrocarbon research when it was impeded. Turkey is currently conducting military exercises close to Cyprus's Block 2 and 3 and has blocked the area using a NAVTEX... profits from the outcome of research conducted by foreign companies such as ENI, France’s Total
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