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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingby a modest 3 percent year on year (YoY). The latter mainly reflects a boost in trading income to 44... income (NII), the group figure fell 3 percent YoY and QoQ to 751 million, dragged by Finansbank’s weaker..., after a 3 bps hike in Q4. Gross loans slightly rose by 0.4 percent QoQ to 70.4 billion, while deposits
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeincluding: a) Market re-access. The first transaction involved a 5-year bond issuance of 3 billion... and 750 million respectively. c) Intra-governmental borrowing. Up to 3 billion of excess liquidity... is insufficient to deliver the targeted increase in the primary surplus (to 3 percent of GDP), while
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After landmark return in April, Greece prepares to tap bond markets again
Economya 3-year bond issue with the aim of raising 2.5 – 3 billion euros by July 10. The proceeds may... maturities. Bond issues with 3- to 7-year maturity would build up the yield curve. The first issue had... the past 3 months. Most importantly, all banks’ bond and equity transactions were oversubscribed
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Tsipras starts to flesh out SYRIZA's economic policy but questions remain
PoliticsGreek Politicshis plan would bring 3 billion euros into public coffers in the first year. He also proposed a new...- and medium-sized enterprises. Tsipras said these lenders would be given a total starting capital of 3 billion... his party’s plans for identifying evaders would bring in at least 3 billion euros in the first year
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Greek deposit and loan rates slide in September
EconomyMacroeconomya downward trend thereafter dropping by almost 3 percentage points. However, it still remains well above... 3 and 2 percentage points respectively above the average euro area rates. In the other key household... to that of new volumes, of 3 bps to 3.79 percent. The year to date spread evolution also indicates
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Greek loan rates remained well above euro area average in October
EconomyMacroeconomymonths. Over the same period, the yields of the competitive 3- and 6-month T-Bill issues recorded... easing by more than 3 percentage points. Despite the sharp drop, the Greek time deposit rate still... rates hiked 51 bps to 5.63 percent remaining more than 3 percentage points above the average euro
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The bad hand being dealt to Greece's next government
Agorato 3 billion more, according to reports. Revenues sinking Meanwhile, tax revenues plummeted by 17.7.... This left Greece’s primary surplus for the year 3 billion euros short of the target, meaning the new... an impact on deposits, with some 3 billion euros flowing out of Greek banks in December
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Eurosystem funding for Greek banks shoots up by 11.2 bln in December
EconomyMacroeconomyin December reflects the combined effect of: 1) Deposit outflows of circa 3 billion in December, which... issues stood at circa 60 percent 3) Gradual lack of renewal of interbank repos up to 9 billion 4... participation in January T-Bills issues of 3 billion are expected to push Eurosystem funding at higher
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Newsletter 12 - 23/01/2015
to watch, which will be the level of support that goes to parties which do not pass the 3 percent... to 3 percentage points was considered manageable for Samaras but a bigger loss may prompt rivals... done in the past (in the second half of 2012). At the same time, the state has to roll over 3
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What are Greek coalition's plans for privatisation programme?
Economyto be completed in 2015. 3) The sale of a 17 percent stake in PPC. The liberalisation of the energy... by the Technical Chamber of Greece, showing that its value was worth 3 billion euros, more than 3 times
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