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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingquarters in which NPE formation has declined. The bank reported that YoY, NPEs have been reduced by 3.... The total value is 1.6 billion euros, though sources note that in the second phase, the bank can... adoption of the IFRS9 accounting policy for exposures in Stage 3 (1 billion euros). Net fee
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Eighteen core goods led exports during crisis, NBG study notes
EconomyFeaturesaround 30 percent of total export products. NBG split them into two broad categories. The basic... are considered to be rising export products, meaning that although they make up 3 percent of Greek..., Greek exports rose on average by 3 percent per annum during the crisis compared to an average of 7
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Newsletter 181 -2/11/2018
being taken by eurozone finance ministers at the Eurogroup due to take place on December 3... of Article 3 of the constitution, relating to the relationship between the church and the state... contributions and other current transfers. Employees’ total remuneration grew by 3.4 percent and stood
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingis the outstanding principal. It encompasses 13,000 loans with collateral of 7,900 properties. The total... expenses rose by 3 percent QoQ to stand at 226 million euros. On an aggregate basis, expenses also showed an increase of 3 percent. The increase reflects a rise in consulting fees, with personnel expenses
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Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
Economy-‘. Greece’s debt is 3 notches away from investment grade for Fitch and four notches for the other... in the coming years at around 3 percent of GDP. The debt relief package agreed last summer combined... will provide a sizeable cushion against amortizations of medium and long-term debt of a total of 22
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How SYRIZA lost and New Democracy won
Agoraby more than 3 pps, 32.9 percent versus 29.5 percent. With 71 percent of Sunday’s votes counted... in these elections. As a result, an estimated 530,000 young voters could go to the polls in total to cast... and above, which gave New Democracy a 3 pps lead in the 60-65 age bracket and 9 pps on those above 65
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National Bank first to test market waters in post-election afterglow
Economyit could be achieved with hard work, it would still leave them with a ratio to total loans of 19 percent... a few months ago, with yields doggedly above 4 percent for most of last year and only dropping below 3... conservative approach of selling about 3 billion euros of three or five-year securities. With about 35
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Trade deficit drops by 5.4 pct in October as both imports and exports fall
EconomyMacroeconomypercent, bringing the total shortfall to 18.50 billion. This was driven mainly by a 3 percent rise... products and the value of ships, imports rose by 1.9 percent, while exports rose by 3 percent. Excluding
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PDMA sets 2020 goals to build on improving conditions for debt
Economyin 2019 for a total amount of 9 billion euros, in 5-, 7-, 10-year issues and a tap through..., in the volume of 3 billion euros, in line with the IMF repayment that took place this year. In scenario 1... regular market operations, 2) Lower funding costs further, 3) Contain interest rate, FX and refinancing
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Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms
Economylatest public address on Thursday that the government would add another 3 billion euros from the budget to the 3.8 billion it had already pledged, and another 3 billion from the National Strategic Reference Framework (ESPA), taking the total available to 9.8 billion euros. Finance Minister Christos
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