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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingmillion in Q1, while stood close to 1 billion a year ago. Last quarter’s NPL formation mostly stems from..., this figure could be impeded by taxpayers’ obligations in H2. The bank’s Common Equity Tier 1 (CET1
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingmillion, mainly reflecting lower costs related to pillar II bonds. Net interest income (NII) edged up 1... from 92 percent in the previous quarter remaining the lowest among core banks. The Common Equity Tier 1
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IMF sees primary surplus of 0.7 pct of GDP in 2017, debt ratio peaking at 184.7 pct
Economyof 0.7 percent of GDP, still remaining more than 1 percentage point lower than the programme target... revenues (as a percent of GDP) are expected to drop by around 1 percentage point per annum
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Second review to resume in Athens under severe time pressure
EconomyProgrammein the 10-month period, the institutions have identified a fiscal gap of 1 billion, according to reports. Part... to 1,600 euros (from 1,900 euros currently) is estimated to result in savings of 1 billion. NPL
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HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBankingbillion, of which 1 billion relates to HFSF participation in the four systemic Greek banks. In specific, the market value of HFSF bank holdings fell by more than 1 billion in the course of the first
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December retail sales seen down 2.5 pct amid tax onrush
EconomyMacroeconomywas burdened by the imposition of capital controls. Overall, private consumption rose by 1 percent... in the VAT rate from 23 to 24 percent (implemented as of July 1, 2016) (218 million) and higher contributions
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CPI stays flat in December, falls by 0.8 pct in 2016
EconomyMacroeconomydecreased at a slower pace of 0.6 percent in December after declining by 1 percent in the previous... the CPI rose by 1 percent. This was mostly on the back of a double-digit rise in clothing
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IMF proposes rebalancing of fiscal policy, reform implementation and debt relief
EconomyProgrammeThe International Monetary Fund’s executive board convened on Monday evening to discuss the Article IV consultation on Greece. The fund’s baseline scenario foresees a long-term GDP growth of 1... the government’s recent estimate of close to 2 percent, while a marginal improvement to 1 percent of GDP
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Industrial production rises at slightly faster pace of 2.2 pct in Dec
EconomyMacroeconomysupply production also declined by 1 percent. Only two of the five main industrial groupings posted... IPI rebounded 2.2 percent from the previous month, after contracting by 1 percent in November
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Apartment prices drop 0.6 pct in Q4 and 2.2 pct overall in 2016
EconomyMacroeconomyin new houses rebounded by 1 percent, while those of older houses posted a smaller increase of 0.3..., pointed to a drop in housing prices by 5 percent in 2016 and by another 1 percent in 2017.
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