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National Bank posts 9-month profits of 1.18 bln
EconomyBankingrepayments for the first time in 2014. Deposits rose by 2 percent to 66.9 billion euros. In the Greek market, deposits also grew by 2 percent QoQ reflecting an increase in customer deposits by 3...) in Greece and Turkey. The domestic loan spread rose marginally by 2 basis points (bps) QoQ to 387 bps
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Fitch keeps Greek rating at 'B' but downgrades outlook to negative
Economyhas moderated its stance since 2012 advocating: 1) Greece to remain in the eurozone 2) Commitment to maintaining a primary budget surplus 3) Honoring Greece’s obligations to the IMF and private... with the troika, a development that would create serious strains in the state’s cash flow. 2) A worsening
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Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgramme, tax evasion and corruption 2) better control of transfer pricing in companies active abroad, 3... to a number of conditionalities regarding the 3- to 6-month bridge agreement including: a) Commitment... an interest of around 2.5 percent, have a maturity of 39 years and amortize from 2023 until 2054. 2
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammethe solidarity levy rate remains unchanged at 0.7 percent applied to the whole amount 2) Between 20,000 and 30,000 euros, the rate remains at 1.4 percent 3) Between 30,000 and 50,000 euros, the rate increases to 2 percent (from 1.4 percent before) 4) Between 50,000 and 100,000 euros, the rate rises to 4
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Newsletter 36 - 24/07/2015
be sold without the consent of shareholders, 2) transferring business to a bridge bank, 3) separating... of capital controls since June 29, 2) the banks’ financial results for the second quarter of 2015, 3... 690 million euros year-on-year. 2 Divided we fall Treating Greek crisis as a national problem has
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomybillion that have not been collected yet. 2) Non assessment (and consequently non payment) of the first... in early October. Expenditure Primary expenditure slipped by 2 percent in August, which indicates... to 24.72 billion, 2.8 billion better than target. The bulk of this outperformance was mainly created in 3
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Newsletter 43 - 18/09/2015
, which, if there are eight parties in Parliament (with Independent Greeks not passing the 3 percent... will unlock the next tranche of 3 billion, eligibility for the ECB’s quantitative easing programme... 26.6 percent in Q1. The unemployment rate also improved by 2 points compared to the Q2 2014 rate
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankinginterest income (NII) fell 2 percent quarter on quarter (QoQ) to 738 million mostly due to negative FX... income down 22 percent QoQ to 759 million. As a result, despite a cut in operating expenses by 3 percent... time since the turmoil that emerged last December. In contrast, gross loans contracted by around 3
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Newsletter 51 - 12/11/2015
3 billion, with an additional 0.4 billion expected after the bail-in is triggered. As we indicated... an initial indication on November 3, Eurobank announced on November 12 that it has received... already clarified it would also seek state aid of 2 billion to cover its total capital shortfall
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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... due to a sharp drop in services by 7.4 percent that more than offset a rise in goods by 3 percent
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