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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomyto 13.6 percent of total. Around 1 billion from the first sub-tranche of 13 billion Greece received... MoM to 313.17 billion reflecting: 1) A drop in Greek government bonds (GGBs) by 3.55 billion
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Latest polls add to uncertainty ahead of Sunday's elections
PoliticsGreek Politicsof Macedonia poll for Skai TV, which had put SYRIZA 1 point ahead last Friday now shows New Democracy... ahead (by four points) but with its lead narrowing by 1 point since last week. Kapa Research shows
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New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls
EconomyMacroeconomyfor amounts above 1 million euros soared by 76 bps to 4.70 percent offsetting the cumulative drop... 250,000 and 1 million euros nosedived by 76 bps to 5.07 percent, outweighing the 89 bps rise posted
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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomysub-tranches of 2 and 1 billion respectively, the government has indicated it aims to pay arrears... to 315.72 billion reflecting: 1) Redemption of 3.2 billion Greek government bonds (GGBs) held by the ECB
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Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound
Economyby 4 and 2 percent quarter on quarter (QoQ) respectively, while operating expenses increased by 1 percent. Overall, core pre-provision income rebounded 1 percent QoQ to 321 million. In addition
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Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
Economybelow targets. These mainly involve: 1) Grants to Manpower Employment Agency (at 37.3 percent... of the disbursement of the next two sub-tranches of 2 and 1 billion respectively may result in a further delay
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingmillion Tier 1 securities. Unlike the previous bond swap offers recently announced by Alpha and Piraeus... percent of nominal value for senior securities, at 80 percent for Tier 2 and at 50 percent for Tier 1
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingto 67 percent in Q3 from 63 percent in Q1. On the capital front, the Common Equity Tier 1 (CET1) ratio... more than offsetting the lower time deposit cost. Gross loans slipped 1 percent QoQ to 73.28 billion
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Marginal changes in loan and deposit rates in Sept
EconomyMacroeconomy(for amounts above 250,000 euros and below 1 million) and by 3 bps (for amounts above 1 million euros
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingas Common Equity Tier 1 (CET1) capital (“pari passu” with common shares) but they are an expensive... Tier 1 (CET1) capital of 6 billion and CEt1 ratio of 9.5 percent. The announced capital actions plus
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