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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingin Q1 from 403 million in Q4. Lower loan impairments by 15 percent YoY and 7 percent QoQ to 362... (up 25 percent) and receding impairment losses (down 15 percent). Even excluding several positive... million from loss of 7 million last year. Despite a 14 percent YoY rise in Greek net interest
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgramme) Increase of the tax rate on income for rents for annual income below 12,000 euros to 15 percent.... 7) Better target eligibility to halve heating oil subsidies in 2016 budget. 8) Permanently reduce... and benefit payment procedures across all funds. 7) Gradual harmonisation of the pension benefit
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Final structure of bank recap taking shape, cautious optimism for outcome
Economy(CoCos) and shares. CoCos would bear an annual coupon of 7–9 percent, according to market sources... of between 15 and 17 billion, of which private investors would have to cover a high, single-digit figure. On October 15, Piraeus was the first Greek bank to announce a bond swap offer aimed at boosting its
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The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBankingon July 26 that 7 of the 15 Board of Directors (BoD) members resigned. This included the CEO and six non... 15 banks that operated in the market previously. Attica was established in 1925 and since 1964... announced on September 7 that it completed the composition of its BoD with Gerasimos Sapountzoglou
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Going for Growth: What next for Greece's economy and banks?
Agoraof firms at the top, particularly banks[7]. However, there are of course sources of optimism... as February 26 (figure 4)[15]. Figure 4: Commerzbank Share Price And because Greece’s banks have.../articles/2015-07-07/greek-stock-market-suspended-for-two-more-days-amid-bank-closure [7] https
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Strong showing in local elections for ND as it targets majority in national vote
PoliticsGreek Politicspolitics and is destined to win the general elections that are due to take place on July 7. The one concern... one seat), SYRIZA will gain 74 seats, KINAL 23, KKE 16, Golden Dawn 15, Greek Solution 12 seats... seats, SYRIZA 77, KINAL 25, KKE 17, Golden Dawn 15 and Greek Solution 12. Venizelos The build-up
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Govt lays out recovery plan to October, launches tourism roadmap
PoliticsGreek Politicsis costed at a total of 24 billion euros, combining fiscal measures and guarantees, of which 7 billion... to businesses will provided through a range of schemes, including 7 billion euros of loans backed... by summer season hotels on June 15. Starting June 15, Athens International Airport will start accepting
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Newsletter 251 -22/05/2020
and guarantees, of which 7 billion have already been spent. The main tool for supporting employment... will be provided through a range of schemes, including 7 billion euros of loans backed by the Hellenic Development... on June 15. Starting June 15, Athens International Airport will start accepting flights from countries
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Exposure to tourism sector a concern for banks despite effort to save season
EconomyBankingreport, Alpha Bank noted that 15 percent of their loan disbursement to businesses in 2019 concerned... at a total of 24 billion euros, combining fiscal measures and guarantees, of which 7 billion have already been spent. Liquidity to businesses will be provided through a range of schemes, including 7 billion
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Leaders gear up for debate as ND maintains opinion poll lead
PoliticsGreek Politics36.5 pct, SYRIZA 29.5 pct, PASOK 10.5 pct, KKE 7 pct, MeRA25 4.5 pct and Greek Solution 3.5 pct. In the second scenario, ND gets 35 pct, SYRIZA 28.5 pct, PASOK 10.5 pct, KKE 7, MeRA25 4.5 pct and Greek..., PASOK 34, KKE 23, MeRA25 15 and Greek Solution 11. In the second scenario, ND wins 118 seats
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