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Primary cash balance at deficit of 9.04 bln in October
EconomyMacroeconomyin the first ten months of the year according to figures released by the Bank of Greece (BoG). The cash.... The aggregate figure for the first ten months of the year showed that revenues fell by 5.89 billion..., interest payments rose by 411 million euros to 5.87 billion. Overall expenditure in the first ten
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingby 304 million euros bringing the stock to 32.2 billion in Q1. The latest quarter marks ten straight..., has attracted strong interest. The first two phases were completed in March and binding offers..., with the Greek cost of risk for Q1 coming to 160 bps over net loans. Balance Sheet Eurosystem funding
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Newsletter 183 -16/11/2018
billion euros. The budget balance in the first ten months remained strongly positive with a surplus... by 861 million euros.. Eurosystem funding rises to 13.2 bln in October Latest month marks first rise in funding since December 2017 For a sixth consecutive month, ECB funding made up the majority
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Polls prompt ND to crunch coalition numbers as Tsipras turns attention to policy
PoliticsGreek Politicscivic anger and the disenchanted nationalist right. Seven in ten respondents (69.1 pct) want... points below the parliamentary majority threshold, and the poll's findings have set off a fresh round... to the qualitative findings, notably that three-quarters of society cite the cost of living as their primary
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Marginal deposit flow in April for second straight month
EconomyMacroeconomybeen slashed by 27 billion over the past ten months, mostly due to a reduction in ELA funding by almost...’ reliance on Eurosystem funding dropped for the tenth consecutive month by 1.88 billion to 99.57 billion in April. The monthly drop is entirely due to a fall in ECB funding by 2.57 billion, while
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Snap elections in Greece: The scenarios ahead
PoliticsGreek Politics-round inexperience in governing. Potami, which was founded just ten months ago, is made up of members... that beyond their opposition to austerity policies there is not a lot binding them. It is questionable
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Cosco's 369 mln Piraeus Port improved bid accepted, seals latest privatisation
EconomyBankingten years and the anticipated state revenues of 410 million from the concession agreement... binding offer on December 21, which was unsealed on January 12 with HRADF requesting the submission
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingin Greece fell for ten straight quarters and edged down by 400 million euros QoQ to 21.3 billion, driven... and wholesale funding costs, management said. The Net Interest Margin (NIM) was also stable QoQ at 2.5 percent... for Eurosystem funding is made up fully of European Central Bank funding. As of Q2, ECB funding rose by 1
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Banking system showed deposit inflows for second straight month, at 531 mln in Sept
EconomyMacroeconomyin September were accompanied by a drop in banknotes in circulation by 920 million. Over the past ten... for almost 70 percent of that month’s outflows. At the same time, Greek banks’ Eurosystem funding... at the end of September. Over the past three months, Central Bank funding has fallen by a cumulative
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Deposit flow turns negative with outflows of 681 mln in Oct
EconomyMacroeconomyin October. Over the past ten months, banknotes in circulation have risen by 18.79 billion.... At the same time, Greek banks’ Eurosystem funding fell for the fourth straight month by 2 billion euros to 119.38 billion at the end of October. As a result, Central Bank funding has dropped
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