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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingPiraeus Bank reported net profit of 164.3 million euros in Q2 from a loss of 246.6 million in Q1. This quarter’s profitability benefitted from two one-off items: The first relates to the recognition... one-off items), pre-provision income rose 17 percent quarter on quarter (QoQ) to 294.9 million, while
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How many NPLs in the Greek banking sector are also non-recoverable loans ?
Agoradown, or even worse, having to write off Greek banks’ investments in their troubled loan portfolio is a high-risk strategy. Any write-off would severely impact on domestic lenders’ quarterly profit
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Tsipras starts to flesh out SYRIZA's economic policy but questions remain
PoliticsGreek Politicswith the aim of the majority of Greek debt being written off. He also proposed that repayments... of their debt written off under SYRIZA’s plan. Also, when added to obligations to the state, loan payments
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Greek debt: A case of learned helplessness?
Agoraand non-performing loans of just 8 percent. Since then, though, the economy has fallen off the cliff... restructuring up to the last minute and in April 2011 went as far as threatening to cut off Greek banks from its
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Growth, recovery, change and other words lost in the wind
Agoraof this year and take off in 2015," Finance Minister Gikas Hardouvelis told a gathering of Greek businessmen... that if the government could get through the summer, the country would "take off" in September. More than
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Greece's biggest problem? Society's lack of openness
Agorathat would make Dr. Pangloss blush to argue that Greece is about to take off, that the disastrous habits... have an overriding interest in keeping the country closed off from the world – introverted, playing
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In survival bid, coalition seeks to ease taxpayer burden, secure early bailout exit
PoliticsGreek Politicssubmitted to the House extends the number of monthly instalments in which taxpayers can pay off.... Taxpayers paying off what they owe in less time will be given discounts of between 20 and 90 percent
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingrespectively. Core pre-provision income (PPI) - excluding trading income and one-off expenses – rose... reflecting a one-off cost of 195 million related to the voluntary separation scheme (VSS). The bank
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Troika piles pressure on coalition by insisting on key actions to conclude review
PoliticsGreek Politicsallowing taxpayers up to 100 instalments to pay off tax and social security arrears as the troika thinks... Piraeus and Thessaloniki ports given that 2014 sell-off target of 1.5 billion euros has been missed
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Newsletter 3 - 14/11/2014
. It also expressed its opposition to a law passed last month allowing taxpayers to pay off their debts... allowing taxpayers to pay off their overdue taxes in up to 100 instalments will create an additional
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