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The agenda of the first programme review shapes up with thorny issues
EconomyProgrammeFollowing the disbursement of the second sub-tranche of 1 billion on December 23, the next..., the government has pledged in the third memorandum of understanding (MoU) for cost savings of around 1.... The creation of a secondary market for the total amount of Greek NPLs - particularly those linked
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Time deposit rate eases by another 5 bps in Nov, average loan rate drops 16 bps
EconomyMacroeconomyon total new deposits slipped by another 4 bps to 0.58 percent in November, which is also the lowest..., the respective rate rose to 5.22 percent (amounts between 250,000 and 1 million euros). It fell to 5 percent for amounts above 1 million euros. The corporate lending rates in Greece stand around 200-300
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agora, with a consequent positive impact on their operating income. The breakdown of the total ELA eligible collateral... to around 1 percent by December. The change in the deposit mix is expected to further support the NII... was notably enhanced with their phased-in Common Equity Tier 1 (CET1) ratio above the 17-percent mark
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Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyon total new deposits eased 6 bps to 0.49 percent, which also points to a new low. Loans The corporate lending rates did not show any marked change in February with that for amounts above 1 million... (amounts below 250,000 euros) and at 5.23 percent (amounts between 250,000 and 1 million euros
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Eurosystem funding drops by another 2.8 bln to 101.4 bln in March
EconomyMacroeconomyfunding also fell for the third month in a row by almost 1 billion to 35.25 billion euros, with the bulk... mix remained unchanged, with ELA funding making up 65 percent of the total. It is worth noting... slipped by 1 billion to 36.75 billion. Since July, Eurosystem funding has been slashed by 25.13
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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBanking1 billion. In addition, Pillar III bonds were only held by NBG for a cash amount of 1.2 billion... basis points above that for ECB funding), while the fees paid to the Greek state exceed 1 percent... paid to BoG a total of 914.6 million euros in 2015 as interest expense for ELA funding, compared
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Corporate lending rates resume upward trend in April, time deposit rate stable
EconomyMacroeconomyGreek households’ new time deposit rate slipped by 1 basis point (bp) to 0.87 percent in April from... a decline in the overnight rate, the weighted average rate on total new deposits eased by 3 bps to 0.45... to 250,000 euros rose by 25 bps to 5.87 percent, for amounts between 250,000 and 1 million euros by 19
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Budget primary surplus confirmed at 2.5 bln in H1 2016, tax revenues soar in June
EconomyMacroeconomybillion coupled with a revenue outperformance of more than 1 billion. The monthly figure displayed... Investment Budget (PIB) revenues. The state budget deficit narrowed by 28.7 percent to 1 billion... spot on target. Overall, total expenditure edged up 2.7 percent to 22.69 billion in the first half
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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomyany material change in July, the weighted average rate on total new deposits remained flat at 0.42... to 6.18 percent. Lower rises were recorded for amounts over 1 million euros (+16 bps) and for amounts between 250,000 and 1 million euros (+6 bps). As a result, corporate loan rates in Greece remain 250-350
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Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017
Agorain Q4, which climbed to -1 billion euros in Q4 from -90 to -100 million in the previous two quarters.... Capital Greek banks remained adequately capitalised with the Common Equity Tier 1 (CET1) ratio close... at the end of 2016. Around 20 billion (70 percent of total) relates to deferred tax assets (DTA). Taking
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