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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingby 14 percent YoY. New loan disbursements came to 2 billion euros in 9M. A total of 3.1 billion... in business loans and 2 million in consumer loans, which offset a rise of 31 million in mortgages. NPL..., but showed an increase of 14 percent in 9M to 898 million euros. Recurring operating expenses
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EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economyits GDP forecasts, which now point to a recession of 2 (in the baseline scenario) to 4 percent... balance of 1 to 0.5 percent in 2016 and a primary surplus of 2.25 to 2 percent in 2016. However... recapitalization of 25 billion 2) Debt amortization of 33.8 billion, which increases to 35.9 billion including
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Lenders set out 49 milestones for Greece to meet before next bailout tranche
EconomyProgrammewill have to achieve by mid-October for the disbursement of the next bailout sub-tranche of 2 billion... strategy for the banking system 2) Completion of a credible strategy on non-performing loans (NPLs... supplementary funds into ETEA was signed on August 25 and became effective as of September 1 2) Early
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Newsletter 47 - 16/10/2015
increases or other fiscal measures, which would lead to ND opposing 14 of the 22 articles... statements they expect a softer GDP contraction of between 1.5 to 2 percent this year... and 3.3 percent YoY in Q3 and by a further 2 percent QoQ and 5 percent YoY in Q4. The full-year
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Polls continue pointing to SYRIZA victory as new post-election scenarios emerge
PoliticsGreek Politics) January 18, 2015 Public Issue for @AvgiOnline SYRIZA 35.5 ND 30.5 Potami 7 KKE 7 G Dawn 6.5 PASOK 5 Ind Grks 3 Papandreou 2 DIMAR 1.5 Other 2 #Greece — MacroPolis (@MacroPolis_gr) January 18, 2015... the results of surveys carried out by 13 companies between January 7 and 15. The average
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammeand SMP bonds (9.2 billion). 2) IMF debt redemption (8.4 billion). 3) Debt amortization to the private sector (8 billion). 4) Payment of EFSM bridge loan (7 billion). 5) Unwinding of repo operations (3.5... and SMP bonds (2.9 billion). 2) New Greek government bonds (issued after the PSI) mostly held
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economya total of 3.1 billion or 14 percent of capital needs from private investors, exceeding the 10 percent... troika sources point to a higher figure close to 14 billion. The BoG and HFSF favour retaining... reducing capital needs by 2 billion - the clarification on the inclusion of the capital boost
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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingin discontinued operations, profits stood at 14 million in the current quarter compared to profits... of 2.1 billion euros and write offs of 3.4 billion euros, of which 2 billion went on to be sold... formation in mortgages (+14 million). This brought NPL stock to 11.5 billion in Q2, leaving a reduction
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomypercent posted in February. The increase in the average loan rate by 7 bps coupled with the 2 bps drop... in the time deposit rate led the weighted average rate on new deposits down by 2 bps to 1.10 percent... over 1 million to 4.68 percent, which is the lowest reading since October 2010. 2) A rise by 47 bps
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingin administrative and employee costs by 7 percent and 2 percent, respectively - branches have been reduced by 8... profit of 7 million euros seen in Q2. This carried over into a bottom-line result representing a loss... with a combined value of around 2 billion euros. These are composed of unsecured non-performing
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