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  1. Most Greeks saw income fall over last year, limiting purchasing power
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    Society

    percent), the latter reflects lower salary. In addition, 38 percent fear an additional income cut in the next quarter. The survey also showed the direct impact of lower income on consumer power. More than... their needs, while 22 percent relied on borrowed money. Lower purchasing power has also a negative impact

    4%

  2. National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
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    EconomyBanking

    by lower bond NII and higher funding gap cost. Repricing of time deposits, particularly on the backbook, where spreads are 20 bps lower than new production, is expected to continue supporting NII growth.... The cash coverage ratio for the group and Greek operations stood at 56 percent. Lower loan provisions

    4%

  3. Eurobank reports net loss of 301.1 mln in Q2
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    EconomyBanking

    , the underlying net loss stood at 186.2 million euros, which was slightly lower than the 189.3 million posted... higher deposit NII on deposit spread improvement by 20 bps and lower funding cost. In contrast, loan... ratio is in line with that of Piraeus, but lower than the 58 and 56 percent reported by Alpha

    4%

  4. IMF lowers medium-term forecasts for Greek debt, 2014 financing needs

    Economy

    at slightly lower levels at 0.7 and 0.1 percent of GDP for 2014 and 2015 respectively. Following.... The IMF’s report unveiled slightly lower estimates for the Greek general government (gg) debt to GDP... forecasts stand up to 2 pp lower than in April, at 152 percent in 2017 and 135.3 percent in 2019. On gg

    4%

  5. Greek primary budget surplus rises to 2.53 bln at end of September
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    Economy

    reflects lower MoM interest payments in September. Both 9-month primary and budget balances continue... reflects lower expenditure (1.96 billion euros better than target), which more than offset lower Public... million below target. The combination of lower primary expenditure and interest payment led total

    4%

  6. Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln

    EconomyMacroeconomy

    of Finance (MoF) on Friday. However, the end-year figure of 2.18 billion euros was 1.5 billion lower than... displayed the highest primary surplus at 2.42 billion euros in 2014, albeit lower than the 3 billion... of December, 803 million lower than the end-November figure of 4.56 billion and 1 billion below

    4%

  7. Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
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    EconomyBanking

    from gains of 17 million in Q3, which more than offset lower operating expenses and a positive impact... interest income (NII) improved by 0.8 percent QoQ to 495.3 million on lower deposit cost primarily attributed to lower time deposit rates, while loan NII was lower QoQ. Net interest margin (NIM

    4%

  8. Commission slashes 2015 Greek growth forecast to 0.5 pct, sees debt rising
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    Economy

    before. The EC growth estimate for 2015 is lower than the latest Finance Ministry forecast of 1.4..., the EC underscores that weaker-than-expected revenues due to lower growth prospects more than offset the anticipated rebound in collection after the first quarter of the year leading to lower public

    4%

  9. Current account deficit widens to 404 mln in March

    EconomyMacroeconomy

    that this improvement is largely due to a lower net oil import bill, reflecting the decrease in oil prices.... The contraction in the services surplus by 22.1 percent is mainly attributed to lower net receipts from... to 5.01 billion, while imports fell at a similar rate by 7.7 percent to 9.19 billion. Lower oil prices

    4%

  10. Current account surplus at 407 mln in May - first positive balance since Sept 2014
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    EconomyMacroeconomy

    by 159 million and lower primary income deficit by 91 million. In particular, the goods deficit... to lower net oil import bill largely on account of a temporary shutdown of Aspropyrgos refinery... 11.8 percent YoY. According to BoG, lower net payments for purchases of ships and lower net oil

    4%