Search
-
Backpay for civil servants gets "positive" measures rolling for government
Economyof the reduction, which will start from January 1. Government spokesman Dimitris Tzanakopoulos indicated during... of the corporate tax rate. The latter is due to come down from 29 to 28 percent next year and then by 1... that the institutions expect to occur next year if pension spending is not reduced by 1 percent of GDP
3% -
Tsipras talks up 'positive' measures but polls show little impact so far
PoliticsGreek Politicsthat Athens had succeeded in cancelling the 1 percent reduction in pension spending, which was due... of SYRIZA (30.5 percent vs 21.5 percent), which means the gap between the two has narrowed by just 1... grown by 1 point since the company’s last survey in July. The polling company also notes a slight
3% -
Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingthat is expected to increase the bank’s capital value by 1 billion euros. The deal will take the form... ordinary shares for every 1 Grivalia ordinary share, while Eurobank shareholders will retain...) and pre-provision income of 1 billion (0.28 euros per share) based on nine-month results. Around 30
3% -
NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingcoming to 10.6 billion. P&L Net interest income (ΝΙΙ) fell by 1 percent QoQ to 274 million. In 9M, NII... (73 percent in Q2) and 72 percent at the group level. Fee income rose by 1 percent QoQ to 49 million... Equity Tier 1 (CET1) ratio stood at 16.4 percent in Q3 from 16.2 percent in Q2, which incorporates
3% -
Newsletter 186 -07/12/2018
in coming years Greece’s seasonally adjusted (SA) GDP grew by 1 percent quarter-on-quarter (QoQ... from 4.76 million in August. GDP growth of 1 pct seen QoQ in Q3 In current prices, the increase YoY... percent QoQ. Greece’s GDP grew by 1 percent in the third quarter (Q3) of this year according
3% -
Newsletter 187 -14/12/2018
by a fall in the number of unemployed by around 34,200 quarter-on-quarter, keeping the figure under 1... and fishing. CPI up by 1 pct in November Latest reading marks eight consecutive months of price rises... Price Index (CPI) rose by 1 percent in November from a rise of 1.8 percent in October, ELSTAT data
3% -
General govt primary cash surplus at 5.63 bln in Dec, arrears fall by 536 mln but miss target
EconomyMacroeconomybudget arrears (-29 million). Extrabudgetary fund arrears rose by a slight 1 million euros.... In the other underlying subcategories, T-Bills edged up by 1 million to 15.28 billion (4.3 percent... under 1 billion euros. Bank support guarantees came to 350 million as mentioned, leaving
3% -
Q2 rise of 7.7 pct in apartment prices marks 12-year high
EconomyMacroeconomythat house prices increased by 1.7 percent in 2018, compared to an average price contraction of 1... compared to a downward revised decrease of 1 percent in 2017. Properties up to five years old saw price... on average by 2.7 percent in Athens and by 1 percent in Thessaloniki. In other cities, prices rose
3% -
Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBanking. The bank noted that in Q3, new disbursements of loans to the private sector amounted to roughly 1... offset a decline in state deposits. On an annual basis, deposits in Greece showed inflows of 1... percent compared to 103 percent in Q2 2019. Capital The Common Equity Tier 1 (CET1) ratio stood at 18
3% -
BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
EconomyBankinginternal capital. The capital adequacy of Greek banks stood at 15.6 percent in Common Equity Tier 1... of NPEs between 1 and 10 percent brings relief of 500 million to 5.2 billion euros to the balance sheet in the form of risk weighted assets (RWA). With the exercise taking place at net book value, CET 1
3%