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October C/A deficit drops to 351 mln, down 39.1 pct over year
EconomyMacroeconomy) drop mainly reflects an increase in the services surplus by 167 million euros, owing to higher net... general government net transfer receipts from the EU, also including the SMP income of 1.5 billion
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Greece records primary cash deficit in 2013
EconomyMacroeconomyGreece’s 2013 central government net balance on a cash basis showed the deficit widening by 19.6 percent to 12.79 billion euros from 10.7 billion last year, according to the Bank of Greece (BoG.... Incorporating these adjustments, we conclude that the BoG net balance stands at about 750 million
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Greek banks' reliance on Eurosystem funding rose in December for first time since April
EconomyMacroeconomybasis points over the respective ECB funding cost and had burdened Greek banks’ net interest income... their recapitalisation process last June, which somewhat distort the previous ratios, their net Eurosystem
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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomyand net revenues which more than offset lower expenditure. Revenues excluding tax refunds rose 6.1... sevenfold to 294 million from just 43 million last year, 195 million above target. As a result, net
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Eurosystem funding for Greek banks eases by 2.18 bln in January
EconomyMacroeconomythe respective ECB funding cost and had burdened Greek banks’ net interest income (NII) in the second half... bonds that banks had received during their recapitalisation process last June, their net Eurosystem
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21,717,120,000
Agorato acknowledge that on a net basis the German treasury has seen benefits during the crisis. Germany’s... from the euro mess. Four years on, its treasury is actually better off and has been a net
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Primary budget surplus passes 1-bln mark for 2014 but revenue shortfall widening
Economy(390 million), which more than offset lower net revenues (1.05 billion). The monthly performance... of lower revenues and higher tax refunds led 4-month net revenues down 1.3 percent to 13.84 billion
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Greek Jan-Apr primary budget surplus rises above 1 bln despite revenue shortfall
EconomyInvestment Budget (PIB) balance (390 million) counterbalancing lower net revenues (1.05 billion). Revenues... the 2013 figure exceeded the annual target. Lower revenues and higher tax refunds led four-month net
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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingAlpha Bank, the third largest Greek bank by total assets, posted a Q1 net loss of 94.1 million euros from profit of 230.4 million last year. The latter excludes the negative goodwill of 3.28 billion... on year (YoY). On the revenue front, net interest income (NII) soared 43.8 percent YoY to 471
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBankingPiraeus Bank concluded the first quarter (Q1) reporting season for Greek banks by posting a net loss of 247 million from 700 million in Q4. Lower loss on a quarterly basis mainly reflects a 39... million in Q4. In contrast, net interest income (NII) rebounded 0.9 percent QoQ to 479 million, largely
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