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OECD advocates closer look at health and capital quality of Greek banks
EconomyBankingIn its latest survey for Greece, published on Wednesday, the OECD draws attention to the Greek banking system and the importance of improving banks’ balance sheets so the lenders can resume their critical role of financing the economy, particularly due to the difficulties caused by the pandemic
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Newsletter 259 -24/07/2020
for the same time last year, excluding the financing of the cash buffer, showed a deficit of 24 million
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBankingfacility, providing financing of 400 million. He added that the bank’s loans under debt moratoria
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Primary cash deficit at 8.10 bln in July
EconomyMacroeconomyGreece’s central government primary cash balance recorded a deficit of 8.10 billion euros in the first seven months of the year according to figures released by the Bank of Greece (BoG). The cash balance for the same time last year, excluding the financing of the cash buffer, showed a surplus
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingthe repo portfolio while increasing ECB financing and benefit from the significantly lower funding terms
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Primary cash deficit at 5.78 bln in August
EconomyMacroeconomyGreece’s central government primary cash balance recorded a deficit of 5.78 billion euros in the first eight months of the year according to figures released by the Bank of Greece (BoG). The cash balance for the same time last year, excluding the financing of the cash buffer, showed a surplus
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Newsletter 266 -18/09/2020
that the medium-term sustainability is assured under basic nominal GDP assumptions as gross financing needs
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Seventh post-bailout review completed, lenders flag up state arrears and unpaid pensions
EconomyProgrammeprofits for debt financing purposes. Overall, the Greek authorities received a positive assessment
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IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
EconomyProgrammein the medium-term thanks to manageable gross financing needs and the cash buffer. Despite the rise
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Primary cash balance deficit at 7.12 bln in Sept
EconomyMacroeconomyGreece’s central government primary cash balance recorded a deficit of 7.12 billion euros in the first nine months of the year according to figures released by the Bank of Greece (BoG). The cash balance for the same time last year, excluding the financing of the cash buffer, showed a surplus
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