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Lenders' report reveals long-term savings from pension reform, which also offset court ruling
EconomyProgrammeyear’s measures, including the curtailment of early retirement rights, are estimated to have..., those measures are estimated to yield savings of 1.4 percent of GDP in 2019, 1.6 percent in 2020 up
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingto be launched in the second half (H2) of the year. The annual befit is estimated at 35 million euros. During.... The annual benefit from the repayment of pillar II bonds is estimated at 48 million. The ongoing
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyratio of 50.5 percent is due to drop to around 34 percent in 2019. In addition, NPLs are estimated.... Moreover, write-offs are estimated at 13.9 billion, corresponding to 13 percent of June NPEs
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Banks see efficiency gains after shedding 29 pct of staff, 42.6 pct of branches during crisis
EconomyBankingone third from 8.63 billion in 2009 to 5.82 billion in 2015, while a further cut is estimated... of POS sharply rose by around 100,000 in 2016, while is estimated to increase by another 90,000
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Tsakalotos and Stournaras raise objections to IMF assumptions
EconomyProgramme, with the primary surplus estimated at close to 2 percent of GDP, is not incorporated in the IMF’s... BoG has estimated that the achievement of non-performing loan (NPL) reduction targets will further
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Greece forced to revisit prickly subject of pension spending to conclude review
EconomyProgrammeincluded the phasing out of the solidarity grant (EKAS) with estimated savings of 0.4 percent of GDP..., with estimated savings of 0.75 percent of GDP. This would mean the majority of the personal difference being
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NBG records net profits of 73 mln in Q4, turns profitable for whole year
EconomyBankingof a voluntary retirement scheme last December is estimated to yield savings of 60 million. Impairment losses... capital actions are estimated to enhance capital ratios by 200 bps, with half of this improvement
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingis estimated to be achieved mostly via write-offs (6.5 billion) as well as restructuring, collections... from Piraeus’ core assets versus the current 65 percent. PLU loans are estimated to decline from 37
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Greek households switch to natural gas in record numbers as winter approaches
EconomyFeaturesand Thessaloniki, and the Thessaly region. Deliveries of heating oil in October cost an estimated 4.3... gas are estimated at 40 percent. This year also saw the relaxation of the rules governing new
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Retail sales fall for second straight month in Oct, with 0.8 pct decline
EconomyMacroeconomyand beverage, books and toys. December sales are estimated to reach 4.09 billion euros, from 4.03 billion in 2016. Overall in 2017, total retail turnover is estimated at 42 billion, from 41.4 billion
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