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A snapshot of the Greek economy
Agora) exceeded a total of 11.8 billion, driving down the interest rate to 3.9 percent from the initial 4.125... Inflation: Eurostat announced that the inflation rate (Harmonised Index of Consumer Prices[1]) came... of total credit extended to the economy stood at -1.4 percent from -1.3 percent in the previous month
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ND moves on to next bill after first round of tax cuts approved
PoliticsGreek Politicsmore than 1 million euros are less than 15,000 of 7.3 million taxpayers in total and that their tax relief will be 22 million euros out of a total 465 million euros. He argued that 67 percent of the total reduction would be enjoyed by those owning properties worth less than 200,000 euros. Staikouras
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingquarter, falling by 1.4 billion euros QoQ. This was driven by sales of NPE portfolios totalling 1.... The negative formation in Q2 came to 1.36 billion euros, which includes 1 billion euros from the ‘Mirror... percent in Q2 from 71 percent in Q1. The total Greek deposit yield stood at 37 bps in Q2, down from
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingand the tightening of sovereign bond yields. The movement in Q3 originates from negative formation of 1 billion... at under 1 billion by 2022. Regarding NPL sales, the bank highlighted upcoming sales expected to take place.... The total Greek deposit yield stood at 37 bps in Q3, unchanged QoQ, while the loan yield came to 366 bps
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBanking-provision profit (PPI) rose by 1 percent quarter-on-quarter (QoQ) to 209.9 million euros. In 9M, PPI... around 700 million euros. In Q3, a total of 1,970 property auctions were noted with 27 percent..., with the total now representing only ECB liquidity. YoY, Eurosystem funding has fallen by 9.8 billion
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Exposure to tourism sector a concern for banks despite effort to save season
EconomyBankingin the first half of 2019 stood at around 8 billion euros and catering came to around 1 billion euros... billion euros combined in hospitality and real estate out of a total of 29.6 billion in loans for 2019. From the total, 14.7 billion euros were considered performing, of which 2.2 billion euros were
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Unemployment drops to 16.2 pct in Q1, excluding furloughed workers
EconomyMacroeconomyunemployed (over 1 year) fell by 41,100 in Q1 compared to Q4 and came to 525,300. Out of the total, long... in Q1, staying below the 1 million mark for an eighth consecutive quarter. The figure for those... employed, bringing the total to 3.85 million. The largest increase in employment in Q1 compared
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Unemployment edges up to 16.7 pct in Q2 as tourism jobs dry up
EconomyMacroeconomythan 1 year) fell by 16,500 in Q2 compared to Q1 and came to 508.800. Out of the total, long-term..., staying below the 1 million mark for a ninth consecutive quarter. The figure for those unemployed..., bringing the total to 3.84 million. The largest increase in employment in Q2 compared to the same
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Alpha Bank posts net profit of 103.7 mln in 2020
EconomyBanking, the Common Equity Tier 1 (CET1) ratio stood at 17.3 percent, up from 17.2 percent in September. The fully loaded total CET 1 stood at 14.8 percent, up 20 basis points QoQ. The bank’s Total Capital... in Greece came to 18.3 billion euros, down by 600 million euros compared to 2019. The total NPE stock
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Public debt records first marginal drop, to 394 bln, in Q2 as IMF repaid and bond activity limited
EconomyMacroeconomymade up 73.3 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years... to make up the bulk of the total, accounting for 61 percent. The value of FSM loans came to 239.53... was signed in mid-summer 2015. The weighted average maturity of the total debt fell marginally
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