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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBanking300 million euros, accelerating from the previous quarter’s figure of almost 200 million. Overall... 56 percent in the previous quarter. It is worth noting that the bank reiterated it has created so... to 85.5 percent in Q2 from 87.3 percent in the previous quarter remaining the lowest among
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingmillion from 300 million in the previous quarter. Since the NPE target for the end of the year stands... decreasing to 47 and 48 percent respectively from 49 percent in the previous quarter. The non-performing... (provisions over gross loans) of 146 bps in Q2 from 164 bps in the previous quarter and 227 bps a year ago
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General govt primary cash surplus at 4.10 bln in seven-month, arrears rise to 5.44 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus fell by 31 million euros from the previous.... The deficit in local government eased to 2 million euros, improving on the previous month’s deficit... of the figures showed that revenues declined by 662 million to 42.91 billion euros. As with previous
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New overdue tax obligations at 1.07 bln in August, total at 98.23 bln
EconomyMacroeconomypercent in the previous month. The amounts due for two other key taxes, namely personal... rising in the previous month. They declined by 121,000 to stand at 3.9 million in August. Legacy tax... legacy and new tax debt, rose by 876 million euros to 98.23 billion compared to the previous month
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General govt primary cash surplus at 5.34 bln in nine-month, sharp fall in arrears
EconomyMacroeconomyto the Finance Ministry’s (MoF) monthly gg bulletin. As in previous months, social security funds... the previous month’s figure of 46 million euros. The figure for the same period last year was 500... by 1.36 billion compared to the previous month, in general repos have been increasing since July
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Tsipras gains backing for 'social dividend,' sees poll gap narrowing
PoliticsGreek Politicsand that the plans for the so-called “social dividend” had been carefully thought through in the previous weeks... to claw back the large difference that New Democracy built in the opinion polls over the previous months... stands at 28.5 percent, while SYRIZA is on 19 percent. The previous survey conducted by Pulse, in May
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBanking, slowing from the previous quarter’s decline of 300 million. Overall, the parent NPE stock came to 18... in the previous quarter. Having reduced its NPE stock by 3.5 billion so far, beyond the target for 2017, 4.9... compared to the previous quarter. The total Greek loan yield fell slightly to 388 bps from 393 bps
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Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBankingin the previous quarter. Since the NPE target for the end of the year stands at 25.1 billion..., unchanged from the previous quarter. Broken down by segment, gross non-performing loan (NPL) formation... in the previous quarter, and 169 bps a year ago. Balance Sheet Eurosystem funding fell by 3.4 billion QoQ
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GDP growth slows in Q3 amid lower 2017 forecasts
EconomyMacroeconomyquarter (Q3) of 2017 after an upwards revised increase of 0.8 percent in the previous quarter... a drop of 0.1 percent in the previous quarter. The Q3 headline figure is the first back-to-back... percent QoQ following a downwards revised drop of 15.4 percent in the previous quarter. Gross capital
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Wages index improves 0.9 pct in Q3, declines 0.7 percent YoY
EconomyMacroeconomyby 0.5 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures revealed...-working days (holidays, national holidays and maternity leave). Compared to the previous quarter... the positive trend of the previous two quarters. The annual decline is the largest since Q2 2015
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