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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economyincome by 1 percent QoQ to 597 million. After a drop in Q1, expenses headed north in Q2 increasing by 1... in Q2 with around 60 percent made up by ELA funding. The improving liquidity conditions... banks posted lower deposit, but higher ELA, costs in Q2 coupled with a drop in fee income. Core pre
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankingbond swap offer, with the bank aiming to strengthen its capital base by up to 585 million in case all... a slighter drop by 0.9 percent to 63.3 billion. In contrast to the deposit decline, Eurosystem funding...) data for the Greek banking system showing a sharp drop of 62 bps cumulatively in July and August
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This is what the ECB’s comprehensive assessment tells us about Greek banks
Agoracollateral values and cash-flow valuations reached 9.2 billion. This figure is made up by collective... by almost 7 percent in the 2015-2017 period in the adverse scenario compared to a modest drop by 1 percent... assumptions, the impact of the evolution of the key P&L items resulted in a 0.3 percent cumulative drop
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Car sales resume double-digit growth rate in Oct with 15.2 pct rise
EconomyMacroeconomyAfter a short-lived drop by 13.8 percent in October, the number of road motor vehicles (going..., the additional passenger cars reached 88,191 year to date making up almost 83 percent of road motor cars. The number of road motor cars posted a sharp drop by more than 30 percent per annum in the 2009-2012
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Unemployment edges down to 24.5 pct in Oct, lowest since May 2012
EconomyMacroeconomyunadjusted data, which remove the smoothing effect of statistical variation, show a similar drop... the higher year on year (YoY) drop in the jobless rate to 30.9 percent from 34.2 percent in October 2014. In contrast, the unemployment rate in the 35-44 years edged up to 22.7 percent from 22.3
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Eurosystem funding down by 1.4 bln in Jan due to lower reliance on ECB funding
EconomyMacroeconomy, in January, when it declined by 1.42 billion following a drop of 5.89 billion in December, the Bank.... The January figure represents the lowest reading over the last 12 months. The drop posted in January almost... of their recapitalisation. The composition of Eurosystem funding shows 65 percent is made up by ELA
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Car sales down 17 percent in February
EconomyMacroeconomy. Passenger cars recorded a slower drop of 14.8 percent in February with the absolute figure landing at 5,534 making up 79 percent of road motor cars. Following the negative performance in February..., the number of car sales landed at 116,168 in 2015 corresponding to a sharp drop by 67 percent over
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Industrial production drops by 3 pct in February
EconomyMacroeconomywas manufacturing production (up 3 percent) more than offsetting a drop in electricity and water supply... posted a drop with the most notable in electricity production (-14.3 percent) followed by smaller
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Car sales rebound 3.4 pct in March
EconomyMacroeconomyprefecture. Passenger cars posted a higher rise of 6.6 percent to 8,948 in March making up around 84 percent of road motor cars. Nevertheless, the double digit-drop in February led the 3-month figure... years. The sharp drop reflects a nosedive of 30 percent per annum in the 2009-12 period. As a result
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Industrial production falls at faster pace of 4 pct in March
EconomyMacroeconomya revised 2.5 percent drop in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday... of intermediate goods rebounded by 1.9 percent, while that of consumer non-durables edged up by 0.3 percent... quarter (Q1) of 2016 display IPI eased 0.8 percent on the back of a drop in mining and quarrying
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