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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingloan provisions eased by 1 percent to 475.7 million. Top-line results mainly incorporate... by 1 percent QoQ, cost of risk remained flat at 2.6 percent. Cumulative provisions (LLRs) improved... in actual 2014 results. The Basel III Common Equity Tier 1 (CET1) ratio stood at 15 percent in Q2. Taking
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Newsletter 23 - 17/04/2015
that an additional 1 billion euros in NPLs was created in March. If confirmed, this three billion... tier 1 (CET1) ratios stood at adequate levels at the end of 2014, ranging from 12.1 percent... by one notch to “CCC+/C”. It estimated that the Greek economy has shrunk by 1 percent over the last six
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This is where Greek gov't could find cash to cover May's obligations
EconomyProgramme3-month T-Bills worth 1 billion this week. This was the third key transaction related to payment... tranches, the first of 183 million on May 1 and the second of 697 million on May 12. d) Interest... legislation to tax undeclared deposits abroad with a 15-20 percent rate, aiming to bring more than 1
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Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
PoliticsGreek Politics. According to reports, this year’s target will be 1 percent of GDP rather than 3 percent, 2 percent in 2016... that the government will have to adopt 3 billion euros worth of fiscal measures, against the 1 billion euros... for incremental revenues of 1.8 billion euros, or 1 percent of GDP, from the changes. At the moment, food
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Minor movements in Greek deposit and loan rates in April
EconomyMacroeconomyThe interest rate on Greek households’ new time deposits eased by 1 basis point (bp) to 1.82... in the time deposit rate led the average rate on new deposits down by 1 bp accordingly to 1.12... for higher amounts up to 1 million rose by 15 bps to 5.19 percent, while the lending rate for amounts
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Newsletter 34 - 10/07/2015
. The document indicated that VAT reform will target net revenue gains of 1 percent of GDP... percent of GDP in 2015 and 1 percent in 2016. There are a number of tax increases, including... cards. Their only option was to visit one of the 1,000 bank branches that opened as of July 1 to serve
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Unpaid taxes edge up by 656 mln in June for slowest monthly rise in 2015
EconomyMacroeconomymonthly rise of almost 1 billion euros in the first six months of the year, corresponding to a 14.4... billion euros, stemming from revenue collection of around 1 billion and write-offs of 293 million. The collection of 1 billion euros also incorporates the impact from the new legislation on settlement
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Greek banks' capital actions underway, state aid seen as low as 4.7 bln
Economy(1:50) since its current market price of 0.064 euros per share is way below the minimum price of 0.30... split (1:100). NBG NBG initially announced it would seek to raise 1.6 billion from the non-preemptive... today is also due to approve a reverse split (1:15). Piraeus Following the LME outcome of around 600
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammecontributions for supplementary pensions by 1.5 percentage points (pp), 1 pp for employers and 0.5... in contributions e.g. for 1 pp in total. This means that the government has to consider alternative measures... by 1.13 billion, there are several items worth around 1 billion (0.6 percent of GDP) in the 2016 budget
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Newsletter 73 - 13/05/2016
package of parametric fiscal measures amounting to 1 percent of GDP, including an increase in the basic... to be voted in the days ahead (another 1 percent of GDP in fiscal measures, the framework for the sale of non..., the coalition has done most of its heavy lifting for the time being. The 1 percent of GDP in further fiscal
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