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Credit contraction further accelerates to 2.2 pct in November
EconomyMacroeconomy2 percent in October, Bank of Greece (BoG) figures displayed on Wednesday. The net lending flow... corporate lending slipped to 96.54 billion in November. Net deductions eased to 176 million... with the net lending flow remaining at extremely low levels. Net deductions stood at 25 million
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Newsletter 237 -31/01/2020
of primary residence protection expire at the end of April. Greece’s lenders have repeatedly stated... to 44.40 billion euros. Net revenues came to 55.10 billion euros, below target by 72 million euros... to come to 159.06 billion. Net deposit movement in the Greek banking system were positive by 3.65
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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomy). According to the BoG, the higher net import bill, primarily for oil and to a lesser extent... and a moderate drop in exports by 1 percent. According to the BoG, net payments for ship purchases and higher net oil import bill were the key reasons for the deterioration of the trade balance
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August sees third Greek C/A surplus in a row, reaching 1.82 bln
EconomyMacroeconomygovernment bonds and T-Bills as well as a net outflow of resident’s holdings of foreign bonds and T-Bills... respectively. According to the BoG, the narrowing of the trade deficit reflects a lower net import... that the widening of the trade deficit is attributed to a higher net import bill for oil and ships, which
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Current account deficit widens to 412 mln in May
EconomyMacroeconomy, largely due to a rise in residents’ holdings of foreign bonds and T-Bills of 963 million, while net... and T-Bills. The aggregate figures for the 5-month period displayed resident’s net external assets... percent and total exports 4.5 percent. The decline in the services’ surplus mainly results from lower net
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The Parable of the Populists and the Contemplatives
Agoraof new debt that they have taken on board to pay for this machine. The net worth, or wealth... accumulates over time in bigger cash assets on the balance sheet. The company’s net worth increases... net worth? (The “oil deposits” make up a great share of the net worth of the country as a whole
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Greece stands on fault line between vicious and virtuous cycles for 2016
Agoraon. Routine debt servicing and other obligations like the habitual rollover of T-Bills quickly became sources... surplus leads to a net financing need of 3 billion. The most probable source of funding while... linked to primary residences. These are combined with the drawing up of a Medium Term Fiscal
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Greek labour market recorded in 2015 second highest net hirings since 2001
EconomyMacroeconomyNet hirings stood at 7,826 in December, which is the second positive reading for this month since.... In contrast, negative readings were posted in January and in the July to November period. Net departures...). In contrast, the highest net departures were recorded in food industry (-1,844). The majority (54
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingPiraeus Bank’s fourth quarter (Q4) results showed that net profits from continued operations came... reflected net profits of 185 million euros compared to a net loss of 9 million euros in 2017. Pre... 2017. Net interest income (NII) rose by 2 percent quarter-on-quarter (QoQ) and came to 355 million
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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBankingEurobank recorded net profits of 6 million euros in the second quarter (Q2) of 2019 compared to net.... On an aggregate basis, net profits in the first half (H1) came to 25.7 million euros, down by 27.8... and discontinued operations of 4 million. Net results before discontinued operations
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