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NBG profits up to 714 mln in 9M as NPE ratio is reduced further
EconomyBankingexited moratoria as of the end of last year and less than 4 pct as of November is in default, at 3... million euros, an 8 pct drop YoY. Balance Sheet Group deposits amounted to 51.09 billion euros in 9M... capital ratio reached 17 pct, comfortably exceeding the minimum regulatory levels by more than 6
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomyofficials would want is to fail to deliver on the ambitious goal of reducing the primary balance down..., at least into February. Since September, the authorities have committed more than 1 billion euros... more than the pandemic.
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Govt readies additional inflation relief package, draws up new budget
PoliticsGreek Politicsis expected from the deterioration of the trade balance, while tourism is seen bringing in about 800 million euros less than previously expected. The primary deficit will be higher than the 1.4 pct of GDP
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NBG reports profits of 833 mln in 2021
EconomyBankingclients have exited moratoria as of the end of last year and less than 4 pct as of November... euros. Operating expenses in 2021 were limited to 783 million euros, a 6 pct drop YoY. Balance Sheet... the minimum regulatory levels by more than 6 percentage points. When completed, the Frontier securitisation
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S&P moves Greece closer to investment grade, puts focus on budget and growth
Economy. The agency sees a small primary balance of 0.1 pct of GDP this year, rising to 0.9 pct next year and 1.7... of dropping by more than 10 percentage points this year to 183.6 pct, leading to 160.2 pct by 2025... consideration if reforms continue, and the budget and growth performance is better than expected. On the other
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Govt turns attention to more relief measures in absence of snap polls
PoliticsGreek Politicspensions in 2023, by up to 5 pct, for the first time in more than a decade. Another increase... a fiscal balance that will remain convincing not only to Greece’s European partners, even though... the opinion polls, which is that voters are more concerned about the cost-of-living crisis than
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Newsletter 376 - 31/03/2023
parties rather than strike a coalition deal with centre-left PASOK, or another grouping. The proviso... that it is capable of the top slot, would like no less than 30 pct and ideally closer to the 32 pct.... The outstanding balance of private sector deposits in February stood at 182.8 billion euros reflecting
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ND quick out of blocks as election race gets underway officially
PoliticsGreek Politicsand far-right Ellines (Greeks), are seen clinching more than 3 pct of the vote, the threshold... disgruntled voters. New Democracy is also regarded by some distance more favourably than SYRIZA... if the parliamentary majority remains in the balance going into a second election.
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Mitsotakis enters last week of campaign with confidence, high ratings
PoliticsGreek Politicswill win more than 150 seats on Sunday. Looking ahead, he suggested that his fourth big electoral... a balance within his party and hinted that he would be bringing in ministers from outside of ND. He... more than 150 MPs. Over the longer-term, though, the presence of another fringe party, particularly
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Mitsotakis names extensive cabinet with dose of renewal
PoliticsGreek Politicsof responsibilities, which includes changes to the competencies of some ministries, rather than... tighter fiscal framework than during the exceptional circumstances caused by Covid and the energy... as the government tries to balance a tighter fiscal policy with continued growth. In this respect, any
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