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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBanking. The underlying profitability reflects pre-provision income (PPI) of 828 million in H1, up 5 percent coupled with a drop in loan provision by 17 percent to 705 million. The quarterly figures show PPI down 11.... The quarterly rebound in NII is attributed to Turkey (up 6 percent), while Greek NII eased 1 percent QoQ
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Deflation rises again in Greece: CPI down by 0.8 pct in September
EconomyMacroeconomyand footwear prices recorded a sharp rise of 35.6 percent MoM in August, following a double-digit drop in each... and services, only 2 posted an increase in prices, namely health (up 3.8 percent) and alcoholic beverages and tobacco (up 2.1 percent). In addition, prices in communication and hotels, cafes and restaurants
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August sees third Greek C/A surplus in a row, reaching 1.82 bln
EconomyMacroeconomy’ arrivals by 25 percent. The travel surplus stood at 2.98 billion, up 9 percent YoY. The BoG is due... of the trade deficit by 3.8 percent stems from a drop in both imports and exports by 5.7 and 7.3 percent.../A surplus stems from an increase in the services’ surplus (by 2.05 billion) and a drop in the income
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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomydrop of 235 million. November figure of arrears is the lowest reading so far in 2014, with the peak of 5.34 billion posted in April. The bulk of the marked MoM change of 502 million stems from a drop... up 17 percent of total. The other three gg subsectors showed modest movements with state budget
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Greek Q4 GDP down 0.2 pct QoQ, 2014 nominal GDP stays in recession
EconomyMacroeconomy) fall of 0.2 percent in Q4 of 2014 after a rise (up to 0.7 percent) in the preceding three quarters... of internal devaluation and deflation (1.3 percent), contracted 0.2 percent YoY in Q4 from a drop of 0.3... percent YoY contraction in each of the first two quarters of the year. The largest drop
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Athens Stock Exchange erases losses made since elections as mood improves
Economy-financial shares posted much lower gains with Public Power Corporation (PPC) up 4.3 percent and OPAP up by a modest 0.6 percent, while Hellenic Telecom Organisation (OTE) underperformed closing down... the highest drop, falling by 0.83 percentage points (pp) to 20.7 percent. The yield of the 5-year
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Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance
EconomyMacroeconomy, when it decreased by 4.3 billion in July after a drop of 8.57 billion in June, the Bank of Greece's... month by 2.93 billion euros to 51.45 billion coupled along with a drop in the ECB funding by 1.38... at the end of June 2015. The bulk of that drop stemmed from ELA funding, down by 35.32 billion
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Newsletter 91 - 07/10/2016
to the private sector fell for the second successive month by 629 million in August, bringing the total drop... of August, up by 274 million since the end of 2015. MoF revenue figures for September, preannounced... in July, up from 23.4 percent in June. The jobless rate remains at its lowest level since March
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In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment
Economyprevious estimate that economic activity will start picking up from the second half of this year.... However, EC updated its estimates on the GDP components and is now expecting private consumption to drop... conditions and EU funding. After a drop by 4 percent in 2016, exports are estimated to rise by 3.6
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Current account surplus widens to 1 bln in September
EconomyMacroeconomymillion euros, coupled with a drop in the goods’ deficit by 76.6 million. In contrast... the travel surplus up by 1 percent to 2.04 billion. The BoG also noted that the deterioration in the primary... improvement in September, the aggregate figures for the 9-month period point to a marked drop
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