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With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
EconomyMacroeconomyand stem from: 1) 5.23 billion issued in 2009 for bank recap, under the Liquidity Support Program.... The key drivers for the anticipated improvement in 2014 are: 1) a turnaround of investments, targeted... percent in August), to decrease for the first time since the beginning of the crisis by 1 percentage
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Greek central government debt inches down to 320.42 bln in Q1
Economy1 to 5 years and the remaining 12.9 percent a residual maturity of up to 1 year. Greece’s cash... (OSE) (6.06 billion) and Attiko Metro (2.2 billion) and 1 billion to extra budgetary funds
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Significant post-election economic challenges await Greek coalition
Economy-tranche of 6.3 billion in late April. The remaining two sub-tranches of 1 billion each are due...) to 1 percent constant for the next 50 years. This could result in total savings of 25 billion (14... by at least 1 pp this year and a further 2 pp in 2015. In contrast, the OECD projects a slower reduction
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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingmillion euros, yet it eased 1 percent quarter on quarter (QoQ). The quarterly evolution reflects lower... by 650 million euros within Q1, mainly reflecting 1 billion outflows of sight and savings and 400...-forma (for the capital increase of 1.2 billion completed in April) Basel III Core Tier 1 (CET1) ratio
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomy. On the loan front, the most material change was posted in corporate loans above 1 million euros... to 6 percent. The average euro-area rate on corporate loans over 1 million euros stands almost 4... percentage points for amounts over 250,000 and up to 1 million euros. The rate in loans to sole
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Greece's new finance minister lines up for a marathon (and several short sprints)
PoliticsGreek Politicsunlikely to be in a position to claim its next bailout tranche of 1 billion euros as it has not yet... (GLF) variable rate (currently at Euribor plus 50 basis points) to 1 percent constant for the next 50..., the official sector projects Greek unemployment will ease by at least 1 pp this year and a further 2 pp
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September revenues drive 9-month Greek primary surplus up to 2.53 bln
Economyto higher revenues by almost 1 billion MoM. The 9-month budget deficit stood at 2.29 billion euros..., which outperformed the monthly target by 84 million, the 9-month figure rose by 1 percent to 36.47..., which rose at an accelerating pace to 1.42 billion euros in August from 1 billion in the preceding
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Greek primary budget surplus rises to 2.53 bln at end of September
Economyon month (MoM) improvement mainly reflects higher revenues by almost 1 billion euros in September... jumped by 18.3 and 29 percent respectively. The respective 9-month figures dropped by up to 1 percent..., led the 9-month figure up 1 percent to 36.47 billion, just 24 million short of target. The most
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National Bank posts 9-month profits of 1.18 bln
EconomyBankingby a modest 1 percent QoQ. The yearly drop mainly stems from a double-digit decrease in personnel... with the coverage ratio at 45.3 percent. Gross loans rose by almost 1 billion QoQ to 71.4 billion... of total assets. The bank’s Basel III Common Equity Tier 1 (CET1) ratio slipped to 15.8 percent in Q3
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Greek public debt at 321.7 bln in Q3, average weighted maturity at 16.5 years
Economythe two EFSF tranches in July and August of 1 billion euros each, counterbalanced by payments of 1.86... to 1 year) and medium (1 to 5 years) term debt. Greece’s cash deposits contracted by almost 1.2
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