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Banks gear up for stress tests, with results due in May
EconomyBankingby 0.5 percent this year and grow by 1 percent in 2020, whereas commercial real estate will grow by 0.3..., Greek banks had a systemwide Common Equity Tier 1–CET 1 of 17.1 percent, while Capital Adequacy
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Newsletter 152 -23/02/2018
to the state from May 1, the divestment of lignite units followed by the sale of 17 percent... Mechanism head Klaus Regling. The 5.7-billion-euro tranche will later be followed up by another 1 billion... (BoG) figures showed. The respective figure for a year ago showed a deficit of 1 billion, meaning
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Green light for next bailout funds as Commission stands ground on post-MoU scenarios
EconomyProgrammetowards the growing cash buffer and 500 million euros will be used to reduce state arrears. Another 1... from May 1 onwards and the full 1 billion euros will be destined for arrears clearance. The ESM also
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingis anticipated on the Common Equity Tier 1 (CET1) ratio on a fully loaded basis. Over the three year stress.... Capital The Common Equity Tier 1 (CET1) ratio stood at 17 percent in Q4, while the fully-loaded Basel III... enterprises, totalling roughly 1 billion euros, which are collateralised. This would bring the total sales
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Athens and creditors place immediate focus on remaining key deliverables
EconomyProgrammeof the tax-free threshold to be carried out next year along with the pension cuts worth 1 percent of GDP... programme. “Triggers for a rating upgrade could include: (1) continued successful implementation of fiscal... to some combination of: (1) a lack of cooperation between Greece and its institutional creditors; (2
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Fiscal issues appear settled as Greece and institutions head for review deal
EconomyProgramme, which means that the 1 percent of GDP in pension cuts will kick in from the beginning of next year... to generate an extra 1 percent of GDP in revenues, should be implemented next year. The Greek... to pensioners just before the pension cuts take effect on January 1. There also seems to have been
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Newsletter 164 -01/06/2018
Stability Mechanism will be able to release another sub-tranche of 1 billion euros. In the meantime... contraction in the Greek market deepened to 1.9 percent in April compared to a contraction of 1... sector’s balance was also negative by 1 billion euros, while the household lending sector’s negative
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Apartment prices increase by 0.8 pct in Q2 for first rise since Q4 2008
EconomyMacroeconomyof 2017, the decline in property prices came to an average drop of 1 percent, improving against.... The equivalent change in prices for Q2 2017 came to a decline of 1 percent. Due to capital controls... exposures (NPEs) as of Q1 according to the BoG. Building activity rose by 1 percent in April, which put
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Fiscal matters expected to dominate talks as lenders return for post-MoU check
EconomyProgrammeconfident that there will be an overperformance of between 700 million and 1 billion euros..., Tsipras announced that the government intends to pay out a total of 1 billion euros to members... to be submitted to Greek Parliament on October 1, before being passed over to the European Commission
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Lenders set to keep coalition waiting for answer on pension cuts
PoliticsGreek Politicsthe draft budget, which the Greek government is due to table in Parliament on October 1 and then send... about whether the 1 percent of GDP reduction in pension spending is still needed or not. The European... eurozone peers when he attends the next Eurogroup on October 1, which coincides with the tabling
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