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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingmillion and goodwill write-off of 432 million) 2) One-offs of 138 million, with the bulk stemming from... pre-provision income (PPI) improved by 6 percent quarter on quarter (QoQ) to 190 million in Q4... rose 2 percent QoQ, while eased 0.3 percent to 1.3 billion for the whole year. In Greece, costs fell
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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammedisbursed last August, 2 billion in November and another 1 billion in December. In addition, another... billion, while privatisation receipts of around 6 billion are also expected to lower financing needs... euros (1.5 billion in Q1, 9.6 billion in Q2, 2 billion in Q3 and 5.1 billion in Q4), while an amount
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Newsletter 80 - 01/07/2016
. Meanwhile, credit contraction remains unabated, with the drop rate accelerating slightly to 2 percent... in April. Bank credit contracts Bank credit contracted by 2 percent in May, up from 1.9 percent a month... year. Contraction reflects negative flow of 275 million from the household lending sector. 2 Fool
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomyin 2017 from 5.65 billion in 2016. On arrears, the draft budget notes that transfer of 2 billion euros... revenues. The most significant revenue interventions in 2017 involve: 1) Income tax reform (772 million) 2...) Increase in the excise tax on tobacco products, including electronic cigarettes (142 million) 6) Income
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Newsletter 93 - 21/10/2016
coupled with a higher increase of 2 percent in mining and quarrying turnover. Despite the modest... of this year. This means that flexible types of work made up more than 6 out of 10 hirings. The largest... percent, while mining and quarrying turnover expanded at a higher pace of 2 percent. However
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Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomyof 2 percent in Q3, which also reflected a low base effect. The Q4 figure is also worse than the flash... percent QoQ and 2 percent YoY leading final consumption expenditure down 1.1 percent QoQ and up 0.6... by 2 million to 27 million in 2017. Imports Unlike exports, imports rebounded 4.5 percent QoQ in Q4
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NBG records net profits of 73 mln in Q4, turns profitable for whole year
EconomyBankingprofits of 73 million euros from 6 million in the previous quarter. The lender’s Q4 results include... percent. P&L ΝΙΙ fell by 2 percent QoQ to 440 million as the negative impact from loan deleveraging... almost doubled QoQ to 23 million. Operating expenses dropped by 2 percent QoQ and by 3.7 percent
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingwith a combined value of around 2 billion euros. These are composed of unsecured non-performing... in administrative and employee costs by 7 percent and 2 percent, respectively - branches have been reduced by 8... Assistance (ELA) to 6 billion. Management noted that this was the result of additional deposit inflows
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBanking, the figure declined by 0.9 percent for the group and by 2 percent for Greece. As a result, the cost... percent to 750 million, with a cost of risk of 2 percent versus 1.96 percent in 2016. As management noted... implementation Greek banks are expected to increase provisions by roughly 6 billion euros. The IFRS 9
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBanking) and operating income. For 2017, core PPI increased by 2 percent year-one-year to 1.21 billion. Asset quality Non-performing exposure (NPE) stock in Greece fell for the fourth quarter in a row by around 2... 2017. ECB funding fell by 2 billion to 3.2 billion in December 2017 compared to a year ago
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