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Eurobank posts loss of 1.21 bln euros in 2020 as it sheds off bad loans
EconomyBankingof Risk -- compared to 170 basis points in 2019. Balance Sheet Eurosystem funding came to 8 billion... The phased-in Common Equity Tier 1 (CET1) ratio came to 13.9 percent from 13.2 percent Q3, and from 16.7 percent in 2019. The fully loaded Basel III CET1 ratio came to 12 percent from 14.6 percent
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Early details show energy emergency plan facing practical challenges
PoliticsGreek PoliticsKathimerini suggest that acquiring the 8 TWh of natural gas equating to 15 pct of Greece’s annual... lignite production from 5 to 10 TWh over the next 12 months. This would require reopening at least... in May’s sounding, while SYRIZA gained 1 percentage point to reach 22.8 pct. The survey confirmed
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Athens harbours big hopes for Egypt energy deal, keeps eye on Turkey's role
PoliticsForeign Policyinterconnector” could be operational in 7 to 8 years. Cooperation in energy is seen by both Athens... the Greece-Egypt-Cyprus and Greece-Egypt-Cyprus-France cooperation schemes, the "3+1",” Dendias... the extension of territorial waters from 6 to 12 miles. All these issues are issues of disputes that have
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Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI
EconomyMacroeconomythe incorporation of the latest rise in the minimum wage to 780 euros per month, effective April 1. The data... million, an increase of 5 pct compared to May last year, when employment had grown by 8 pct. Since May... over the period. Also, despite the rise by 12 pct in the average wage since May 2021, over the last
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Alpha Bank NII jumps by 46 pct YoY in 9M, reaching 1.34 bln
EconomyBankingin terms of the balance sheet clean-up, the NPE ratio reached 7.2 percent, from 8 percent in 9M 2022... at 711 million euros, from 712 million a year ago. Loan loss impairments rose by 12 percent to 222... Equity Tier 1 (CET1) ratio in 9M stood at 13.9 percent, from 11.8 percent in 9M 2022. The bank’s Total
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Eurobank gears up for crucial but contentious capital increase
EconomyBanking) at Eurobank approved on April 12 a capital increase of 2.86 billion to address its 2.95 billion capital... shortfall of 350 million, since its third quarter EBA Core Tier 1 (CT1) ratio of 8.1 percent... stands at around 8 billion euros. Successful capital increases at Eurobank and National will help
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Greek jobless rate remains stuck at 27.3 pct for third month
Economy. It is noteworthy that a recent press report in Ta Nea daily unveiled that just 8 percent of registered unemployed receive benefits only for the first 12 months they are out of work. The number of inactive... of the country’s population recorded an unemployment rate of 28.1 percent, almost 1 percent point above
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Poor poll figures leave Samaras in quandary over next move
PoliticsGreek Politics1 #Greece — MacroPolis (@MacroPolis_gr) September 27, 2014 Although the 11-point lead is important... over the next 12 months. This has been virtually unchanged throughout the year. Also, only 16 percent of Greeks believe unemployment will fall in the next year. Only 8 percent of respondents
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Greek Q4 GDP QoQ drop revised to 0.4 pct, 2014 growth at 0.7 pct
EconomyMacroeconomy, investments tumbled by more than 63 percent with their current contribution halving to 12 percent... point to a deceleration to 5.6 percent from an 8 percent anticipated for 2014. Imports The other... updated forecast released in mid January implies a downward revision by 1 percentage point since its
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgramme: 1) Gradual elimination of grandfathering to statutory retirement age and early retirement pathways... 2018. 7) Deregulation of professions such as engineers and notaries 8) Approval... of the shipping industry 12) Reduction in the current 1,500-euro threshold on bank accounts that cannot
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