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Newsletter 14 - 06/02/2015
, with a confidence vote due at midnight on February 10, a day later than initially scheduled... by Varoufakis suggesting a debt swap rather than a haircut. Again, anyone observing what key players in SYRIZA had been saying before the elections (rather than taking as gospel the official party line) would
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Credit contraction at 1.1 pct in Dec, loans to enterprises increase by 1.09 bln MoM
EconomyMacroeconomy, the outstanding balance decreased to 170.29 billion from 173.47 billion in the previous month and stayed... for a second month and stood at 889 million euros in December from a positive balance of 106 million euros previously. The corporate lending balance was also positive and came to 862 million euros from
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Greek primary surplus at 400 mln to Oct but arrears keep piling up
EconomyMacroeconomyfiscal balance for this year. Furthermore, it includes SMP and ANFA income of 2.18 billion euros... by the troika. The state budget is the key element in the reported gg balance evolution... target of 6.6 billion for 2013 (also included in the 2014 budget) lower than the initially projected 8
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Bank credit eases 1.6 pct in August on slightly accelerating negative flow
EconomyMacroeconomy, while balances have decreased by more than 20 percent over this period. Consumer credit has posted... turned slightly negative (-0.2 percent) in August from zero in July with the outstanding balance... institutions stayed stable at 3.1 percent for the third consecutive month. The outstanding balance eased
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Deposits rise to 124.6 bln in Oct on inflows of 1 bln
EconomyMacroeconomyflow of 1.87 and 1.2 billion in time and sight accounts that more than offset outflows of 1.69... and gg respectively. Therefore, the outstanding balance rose to 143.44 billion euros in October, which is also the highest reading since May 2015. The gg balance stood at 10.52 billion, of which 5.75
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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBankingmillion euros of this amount are included in the balance sheet of the current results. The management... rate environment. Balance Sheet Eurosystem funding declined by 2.7 billion euros QoQ to 11.1 billion... of 2.98 percent. It was over-subscribed by more than two times and generated 500 million euros. Gross
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingpercent higher than the results posted for Q1 2017, which stood at a net profit of 48.2 million... of its ongoing strategy to de-risk its balance sheets and reduce bad loans, Alpha Bank has a portfolio... charges on corporates and an increased collective impairment on the banks retail portfolio. Balance
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingloan disbursements at spreads higher than the back book and reduced funding costs. Deposits also... over net loans compared to 153 bps in Q3. Balance Sheet Eurosystem funding came to 3.2 billion... commitments and operational targets, while accelerating the repair of our balance sheet,” he said
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingquarter of last year are priced higher than the total portfolio, stimulating the NII dynamics...-of-risk guidance for 2019 ranges from 160 to 180 bps over net loans. Balance Sheet Eurosystem funding... to pursue profitability, enhanced liquidity, balance sheet strengthening, and risk reduction, relying
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PM hits back at labour reform critics, defends 13-hour working days
PoliticsGreek Politicssparked fierce backlash. Unions and opposition parties argued it undermines work-life balance... toward work-life balance and employee protections. Mitsotakis hits back Labour Minister Niki Kerameus... vacuum rather than a clear alternative. Public sentiment toward Mitsotakis is increasingly wary: 59.8
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