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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
Agoraof their bookbuilding process. Alpha said on Thursday it successfully raised a total of 2.56 billion euros from... billion euros. This was set as the bank’s total capital needs excluding the 83 million euros... will be announced at a later stage, the bank said. In addition, Alpha will also conduct a reverse split (1:15) since
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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomy(YoY) in Q1, after a drop of 1 percent in Q4 2016. The flash estimates had shown that Q1 GDP contracted.... Meanwhile, general government consumption rebounded by 1.3 percent QoQ and 1 percent YoY, taking final...’s share of GDP, making up 70.5 percent of the total figure in Q1. The latest Finance Ministry (MoF
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NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBankinga total enterprise value of 958 million. NBG will retain a 25 percent share in Ethniki Insurance...) on NBG’s Common Equity Tier 1 (CET1) ratio. The latter stood at 16 percent in the first quarter... with 1,200 employees, 2,128 insurance advisors and 1 million customers, while its pre-tax profits stood
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About to soar? Greece's economy still needs to be handled with care
Agoraconsumption remains resilient, up by 0.7 percent in the second quarter and 1 percent in the first... on August 3 by a total of 1.6 billion, currently standing at 38.9 billion euros, from 91 billion in mid-July... are foreseen to increase by at least 1 billion and range between 14.2-14.5 billion. This pick-up
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankinganother package of non-performing loans of small enterprises, totalling roughly 1 billion euros, which are collateralised. This would bring the total sales of NPLs by the bank to around 4 billion across... peers. The total Greek loan yield fell slightly to 377 bps from 388 bps in Q4. Fee income fell by 5
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Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
EconomyMacroeconomythe possibility of pensions not being cut by 1 percent of GDP next year despite the measure being pre... assumptions. Specifically, private consumption growth will be double the initial estimates, growing by 1... in the MTFS assumptions. Private consumption is expected to grow by 1.1 percent, from 1 percent
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Population drops slightly in 2018 despite positive net migration flow
Societyof the total population. As of January 1, the population in Greece is split between 51.4 percent for females... of Greece was noted at 10,724,599 on January 1, 2019, compared to 10,741,165 for the same date in 2018... included people living in the country as of January 1 due to the refugee crisis. According to the data
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OECD ups growth outlook for 2023, warns about headwinds affecting demand and consumption
EconomyMacroeconomyrate as total support in 2023 is not expected to exceed 1 pct of GDP, as energy prices have..., with the picture similar in 2024, with consumption growing by 1 pct. Investments will also moderate... moderate growth of 2.4 pct, from 9.3 pct in 2022. Total domestic demand will only rise by 0.9 pct
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Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
EconomyMacroeconomyto a surplus of 5.05 billion euros, or 2.1 pct of GDP, and the total deficit to 7.49 billion euros, or 1 pct... by 1 billion and corporate tax by 2.1 billion. All income tax collection in 2022 is seen reaching..., which is improved on the target of 0.7 pct of GDP. The total deficit will be at 7.37 billion euros
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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...-Bill rollovers in March with a total amount of 150-200 million. The second major debt obligation... tranches, the first of 183 million on May 1 and the second of 697 million on May 12. d) Interest
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