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Stress mounts ahead of ECB's tests on Greek banks
Economyof a static balance sheet on year-end 2013. The zero growth assumption applies for both the baseline as well as the adverse scenario. However, the EBA noted that exemptions from the static balance... results than those of the BoG, this would send a negative signal to private investors on the reliability
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Greek central government primary cash surplus to August at 2.3 bln
EconomyMacroeconomyGreece’s central government primary cash balance turned to a surplus of 2.32 billion in the 8-month... a fiscal consolidation of 5.53 billion year on year. The net balance on a cash basis showed... figure of 1.83 billion euros, which stands 120 million lower than the 1.95 billion posted
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammebillion could cover more than 90 percent of the upper-end of the anticipated funding gap. Reports... in the current account balance. 5) Access to capital markets. Despite the issues of 3- and 5-year bonds until... access is not possible without a safety net. 6) Continued improvement of external balance
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Central gov't cash surplus reaches 1.19 bln in Q1, up 54.3 pct YoY
EconomyMacroeconomylast year. Similarly, the central government net balance showed the deficit narrowed by 19.5 percent... payments rose by 15.9 percent to 2.31 billion, 70 million lower than the budget figure of 2.24 billion. In contrast, the Public Investment Budget (PIB) balance is identical in both BoG and MoF
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Moody's downgrades Greek bond rating, sees chances of accident rising
Economyoutlook reflects its view that the balance of economic, financial and political risks is slanted..., this would correspond to more than 6 billion outflows in the course of April. Moody’s notes that a delayed... balance will likely be close to or in deficit this year complicating the government’s management of its
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Greece sees deposit inflows, of 449 mln, in August for first time since Sept 2014
EconomyMacroeconomybailout programme in mid-August. The outstanding balance edged up to 121.14 billion in August... billion euros, which were more than offset by sight and savings inflows of 1.71 and 1.08 billion... to around 27 percent on the end-November deposit balance. Over this period, the biggest withdrawals were
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Portuguese election: Where those who lost may decide
Agorais that it will probably be those who lost that will clear up this uncertainty rather than the election winners..., and the prospect of 1.5 percent growth this year); the country also reached a positive external balance... fueled by low oil prices; and the positive external balance was achieved through a strong reduction
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankingBank released on Monday a condensed trading update for Q3 outlining the evolution of the key balance...’ to ‘D’ on Friday on distressed exchange, since investors will receive less value than the promise..., the bank had zero balance in the interbank repo market. Piraeus refrained from providing any P&L figures
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NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBankingupdate for the second quarter (Q2), providing the evolution of the key P&L and balance sheet items..., the pre-provision income improved by 17.9 percent QoQ to 421 million. The evolution of the balance... fell by more than 72 percent for the group to 133 million in Q2 and by around 88 percent in Greece
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ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomyby 5.89 billion in December after a 5.98 billion fall in November, Bank of Greece's (BoG) 2015 balance... balance sheet also displayed that the banknotes in circulation slightly eased for the fourth successive... into political turmoil, until June 2015 corresponding to more than 47 percent of private sector withdrawals
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