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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankingmillion in corporate loans, -12 million in small business loans and -7 million in consumer loans... a negative formation in corporate loans (-84 million), and small business loans (-8 million euros... another package of non-performing loans of small enterprises, totalling roughly 1 billion euros, which
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingin the first quarter (Q1) of 2019, gaining on the profits of 8 million euros reported in Q4... (-29 million euros) and consumer loans (-1 million). This led the group NPL ratio to stand at 28.2... million in Q4 and 12 million euros in Q1 2018. Operating expenses fell by 6 percent QoQ to stand
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Economic relief eyed as Greece launches fourth round of lockdown easing
PoliticsGreek Politicsis also set to re-open primary and nursery schools from June 1, although there will be restrictions... package will support the real economy. Its research arm recently estimated that 1 in 7 firms could... June 1, with the state subsidising 60 pct of the income loss from the reduction of working hours via
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Eurobank net results show loss of 1.08 bln in 9M
EconomyBankingin Q3 compared to 12 percent in Q2. NPL coverage ratio came to 79.7 percent from 68.6 percent in 9M 2019. P&L NII fell by 1 percent YoY to 1.02 billion in 9M, and fell by 5.2 percent QoQ to 331... at 8 billion, through the TLTRO III programme. Repos declined by 5.2 billion YoY around 700 million
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The targets and deadlines in Greece's privatisation programme
EconomyProgrammeinvolve: 1) Regional airports divided into two clusters of 7 airports each. The tender was awarded... are expected by February 2016 and parliament ratification by June 2016. 8) TRAINOSE tender is currently... analysis of options is due to be presented to HRADF BoD by November. 12) Hellenic Telecom Organization
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MPs approve redevelopment of ex-Athens airport, which study sees having key economic impact
Economyaccepted to undertake 8 billion euros in total investments, of which 80 percent will be implemented within 12 years. IOBE’s study reveals that the annual turnover that the use of the Hellenikon facilities... revenues is seen at 12 and 7 percent respectively. On the fiscal front, the tax revenues from
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BoG report reveals impact on banks’ capital from NPE reduction and loan sales
EconomyBankingexamined four scenarios. The best-case scenario assumed increase in the pre-provision income (PPI) by 8... scenarios assumed: a) PPI rise of 12 percent and CoR of 1.3 percent and b) PPI increase of 5.5 percent...-loaded Common Equity Tier 1 (CET1) ratio of around 17 percent in June 2016, the exercise revealed
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingPiraeus Bank trimmed its net losses to 6 million euros in the first quarter (Q1) of 2017 from 12 million in the previous quarter. Pre-provision income (PPI) rebounded by 12 percent quarter-on-quarter... increased by 2 billion QoQ to 8 billion in March, at a cost of -7 bps. The bank said it participated
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankingformation has declined. The bank reported that across the last 12 months, NPE reduction has come... with targets, the parent NPE stock is anticipated to fall by 8 billion between June 2018 and December 2019... million in June, and was eliminated completely by July 12, 2018. Interbank repos came to 3.3
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Newsletter 347 - 22/07/2022
process. Estimates published in Sunday’s Kathimerini suggest that acquiring the 8 TWh of natural gas...’s crisis meeting that PPC is to double its lignite production from 5 to 10 TWh over the next 12... another 1 billion euros from the market via a private placement and the first variable security in years
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