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Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomyremains the highest in the eurozone and almost 1 percentage point (pp) above the euro area average... on new deposits eased by 1 basis point (bp) to 1.09, largely reflecting a 5 bps drop..., the decline was lower, by 23 bps to 4.94 percent for loans between 250,000 and 1 million and by 16
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Marked drop of 50 bps in new time deposit rate in July amid capital controls
EconomyMacroeconomyrelate to loans with fixed maturity. In particular: 1) Sharp rise by 89 bps to 5.83 percent for amounts above 250,000 and below 1 million euros. 2) Significant drop by 58 bps to 3.94 percent for amounts above 1 million euros. The July rate indicates the lowest reading since June 2010. Greek corporate
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Accommodation and food services index rises by 13.4 pct in Q2
EconomyMacroeconomymillion this year. If confirmed, this would mean 1 million higher arrivals compared to last year’s figure of 24 million and 1 million above SETE initial estimate of 25 million. In addition, Andreadis forecasted direct tourism revenues to reach 14.5 billion in 2015, 1 billion or 7.4 percent above last
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Travel receipts up by a modest 3.5 pct in July in aftermath of capital controls
EconomyMacroeconomypercent). On the flipside, arrivals from France slipped 1 percent, while those from Russia plummeted... and 1 million above SETE initial estimate of 25 million. In addition, direct tourism revenues are now seen at 14.5 billion this year implying a rise by 1 billion or 7.4 percent above last years’ figure
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This is what the ECB’s comprehensive assessment tells us about Greek banks
Agora. Capital needs From a starting point of Common Equity Tier 1 (CET1) capital of 25.8 billion in June... 1 billion in the baseline and 16 billion in the adverse stress test. This resulted in a capital... by almost 7 percent in the 2015-2017 period in the adverse scenario compared to a modest drop by 1 percent
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Eurobank presents 2.12 bln equity raising plan to cover capital needs
EconomyBanking) and 78 million to Tier 1 securities (at 50 percent). As we have previously noted, Eurobank could... (1:100) will take place concurrently with the capital increase. This is inevitable since the current... a tangible book value (TBV) of 3.52 billion with a phased-in Common Equity Tier 1 (CET1) ratio of 12.1
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Greece passes latest omnibus bill, looks to next actions ahead
EconomyProgrammeactions for the disbursement for the second sub-tranche of 1 billion, euros has not been defined yet. However, it is widely rumored that it will involve: 1) A comprehensive solution on the management... targeting the pledged cost savings of 1 percent of GDP in 2016 including cuts in pension above a threshold
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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
Agorawill be announced at a later stage, the bank said. In addition, Alpha will also conduct a reverse split (1:15) since... timetable, new Eurobank shares will begin trading on December 1. In addition, a temporary suspension... split (1:100). The sharp drop in HFSF participation in both banks was expected since the amount
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomysessions. The discussion in the plenary is scheduled to start on December 1 and the budget is due... in 2016. This signals a revenue growth of 1 percent in 2016. Direct taxes are seen down 7.3 percent.... In absolute terms, this corresponds to incremental revenues of 1 billion in 2015 and 3.2 billion
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Time deposit rate almost stable in December, average loan rate rises 17 bps
EconomyMacroeconomyGreek households’ new time deposit rate rose by 1 basis point to 1.02 percent in December, Bank... in corporate lending were recorded in loans for amounts above 1 million euros, where rate rose by 19 bps to 5.19 percent and in for amounts between 250,000 and 1 million euros, where rate fell 13 bps
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