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Alpha Bank reports 2.5 bln loss in 9M as it intensifies effort to clean up balance sheet
EconomyBankingexpenses dropped by 1 pct in the 9M to 758 million euros. Loan loss impairments have increased by 30... Equity Tier 1 (CET1) ratio stood at 13.9 percent, from 12.8 percent in Q2. The Q2 figure includes
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Govt searches budget for space to adopt more Covid and energy relief
PoliticsGreek Politicsfor the sectors most affected that the latest round of restrictions. The Covid reserves stand at 1... permits, which are expected to generate around 1 billion euros in income. Decarbonisation row
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Covid dominates start of 2022 but PM looks ahead to growth
PoliticsGreek Politicsin the country a year ago. As of January 1, 69.7 pct of the total population had received at least 1 jab
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SYRIZA zooms in on inflation, pandemic weaknesses to boost popularity
PoliticsGreek Politicslast week that a second increase to the minimum wage would be adopted on May 1, SYRIZA seems to think... wage to be raised to 800 euros. The 2 pct increase on January 1 took the basic gross monthly salary
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Central govt debt rises again in Q4, reaching 388.3 bln euros
EconomyMacroeconomy(over 5 years) debt made up 74.6 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 14.6 percent and 10.8 percent respectively. Greece’s cash deposits
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The Parable of the Populists and the Contemplatives
Agorato pay for it at all. This is the new “Green economy.”[1] The kids and the Contemplatives are a bit.... [1] As we write this blog in early 2022, crude oil and natural gas prices are going up everywhere
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PM stands by Ukraine decision, feels vindicated on defence and foreign policies
PoliticsGreek Politicsthat the next increase to the minimum wage, after the 2 pct rise on January 1, is due on May 1
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Alpha books net loss of 2.91 bln in 2021 as balance sheet clean-up intensifies
EconomyBankingexpenses dropped by 1.5 percent in 2021 to 1 billion euros. Loan loss impairments dropped by 62.1... of the bank’s TLTRO III borrowing allowance. Capital The Common Equity Tier 1 (CET1) ratio for 2021
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
EconomyBanking2021, 7.2 billion euros of Sunrise 1 in Q3 2021 and 2.7 billion euros of Sunrise 2 in Q4 2021... to 11.2 percent pro forma for share capital increase of 1.4 billion euros carried out in Q2. Tier 1 ratio
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Fallout from Ukraine war being fed into calculations about next general elections
PoliticsGreek Politicsfall by 1 point since January, down to 31 pct. Backing for SYRIZA is also down by 1 percentage point
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