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NBG boosts capital base by selling total stake in Finansbank
EconomyBanking-provision income (PPI). In addition, the group’s net loans are set to decrease by 17.5 billion euros... but third (from first) in terms of net loans. Note also that NBG’s ELA cash liquidity buffer improves
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Deposit flow remains negative for the second straight month with outflows of 390 mln in November
EconomyMacroeconomymonths resulting in net outflows of 60 million since August, when the government reached an agreement... households recorded net outflows of 530 million in November similar to those evident in the previous
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Receipts from taxes and social contributions rise to 39 pct in 2014, near EU average
Economypercent of total in Greece compared to 30 percent for the euro area and 32.1 percent for the EU. Net... on production and imports stand at 15.7 percent, taxes on income and wealth at 9.7 percent and net social
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Pension reform brings painful overhaul in social security contributions for self-employed
Economyto declared net income (revenues minus expenses) without any insurance grade or discrimination between old... calculation is based on the application of a 20 percent rate on net income for main pensions, 7.5 percent
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Newsletter 61 - 05/02/2016
-employed, which would rise to 38.5 percent of their net income from a fixed amount (not linked to income... integration process. If the existing fault lines between net contributors and recipients, northern
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Primary cash surplus of 386 mln in Jan from deficit last year
EconomyMacroeconomypattern was also evident in the net balance of the central government, which posted a surplus... of 1.19 billion with net revenues rising by 4.7 percent to 3.65 billion, while expenditure fell 5.3
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Credit contraction edges up to 2.1 pct in Jan on deductions of 512 million
EconomyMacroeconomyGreek bank credit contraction slightly accelerated to 2.1 percent in January from 2 percent in December, Bank of Greece (BoG) figures displayed on Thursday. The net lending flow turned negative again.... The contraction in Greek bank credit remains unabated since January 2011 with cumulative net deductions of around
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingPiraeus became on Wednesday the third Greek bank to report a net loss in Q4 of 2015 after declaring a profit in Q3. More specifically, Piraeus said its losses came to 1.24 billion euros in the final.... Net interest income (NII) remained stable QoQ at 463 million, while fell by 4 percent to 1.88
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Budget primary surplus surges to 3.04 billion, extending outperformance
EconomyMacroeconomyby more than 1 billion coupled with an increase in net revenues by 800 million. Compared to targets..., net revenues rose by 11.1 percent to 8.1 billion, 323 million better than target. Primary expenditure
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Greek stocks rise 2.4 pct, up for fourth straight week
Economynet losses of 1.24 billion euros in Q4 as it was largely burdened by a jump in loan provision... by higher operating expenses also including one-off items. Titan reported on Thursday Q4 net loss of 2.4
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