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Newsletter 203 -15/04/2019
is in contrast to the message sent by the Eurogroup following the April 5 meeting, when eurozone... surpassed its target by 2.42 billion euros. Primary expenditure came to 10 billion euros, falling below... below 10 billion for a third consecutive month. March’s figure was driven largely by a drop of 550
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingwill also manage the NPEs of third parties. The initial term of the contract will be for 10 years... along with the remaining 5 percent of the mezzanine and junior notes. In addition, the bank announced... percent of mezzanine and junior notes, with the remaining 5 percent held by Alpha Bank, along with 100
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Central government debt down to 356.55 bln in Q2, average maturity tops 20 yrs
EconomyMacroeconomyshowed that long-term (over 5 years) debt made up 76.6 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 13.4 and 10 percent of the total figure... by private investors and under 10 billion by the ECB (SMP programme) and the European Central Banks
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Newsletter 249 -08/05/2020
without having to inform authorities on Monday. Also, around 10 percent of stores forced to shut because.... The overall support package is 10 percent of GDP, including the various state guarantees and the actual fiscal cost comes to 6.5 percent of GDP. The budget of the Finance Ministry was accordingly raised by 5
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesin the residential sector contributed over 10 percent. Those figures shrunk to 5 percent and less than 1... and other urban areas. Construction geared up by 9 percent in 2017, 10 percent in 2018 and 13... sources claim that long-term rental prices in central Athens have dropped between 5 and 23.5 percent
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Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros
EconomyMacroeconomyrising by 1.7 pct. For next year, growth has been trimmed significantly, now coming short of 5 pct... in deferrals of obligations and 5 billion in liquidity injections. For next year, 6.94 billion euros... will rise by roughly 10 billion euros to 74 billion and T-bills stock will drop by 1 billion euros
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Hercules nears end of its first cycle with National Bank's participation
EconomyBankingaccount for 18 pct, while consumer credit comprises 5 pct. Hercules was launched by the Greek government..., though with potentially another 10 billion added from the pandemic. Hercules II Eurobank... of junior notes. Eurobank kept all the senior notes and 5 pct of the mezzanine and junior notes
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Newsletter 350 - 09/09/2022
put the total amount earmarked for this year at 10 billion euros, with other sources placing... by 18 pct in H1. The trade deficit during the first quarter reached 5 billion euros, with the goods..., and it is safe to assume that the economy could grow by 5 pct this year if there are no surprises
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New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
EconomyMacroeconomy. The transaction had strong investor interest from the start and before midday local time 10 billion euros of offers had accumulated, which pushed the price guidance lower by 5 bps to midswaps + 125 bps. By 14:00..., followed by Greece with 33 pct for the bond exchange and 5 pct for the new issue. Iberia
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National Bank posts 9-month profits of 1.18 bln
EconomyBankingmillion in Q3, up by 10 percent on the Q2 figure of 83 million. Bottom-line results for the quarter... grew 5 percent QoQ to 797 million mainly stemming from an expansion of the net interest margin (NIM... in the cost to income ratio by 5 percentage points (pp) YoY to 55 percent. The rate of increase in the non
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