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Credit contraction stable at 1.6 pct in Feb, net deductions drop to 101 mln
EconomyMacroeconomyincreasing to 30 million from 22 million in January leading balance down to 13.09 billion. The household... of 145 million in mortgages, while the outstanding balance edged down to 87 billion. The respective... since early 2011 with cumulative net deductions of 40.8 billion over this period dragging down the loan
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Newsletter 115 - 21/04/2017
dropped by 153 million to 3.16 billion in March, with the Q1 figure down by 175 million to 10.72 billion..., 75 million above target. However, the Q1 figure edged down 0.7 percent to 9.98 billion, 791 million short of the target. Furthermore, the PIB recorded a surplus of 284 million, down sharply from last
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Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.07 billion in the first quarter (Q1) down by 42.6..., tax revenues edged down 0.5 percent to 9.52 billion in Q1, but beat target by 228 million, fully...) and in grants to hospitals by 181 million. However, primary expenditure edged down 0.7 percent to 9.98 billion
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Unemployment rate continues decline to 20.5 pct in September
EconomyMacroeconomy. The unemployment rate for men dropped to 16.8 percent, down by 2.8 pp year-on-year. Broken down... in the 35-44 age group where the rate fell by 0.2 pp to stand at 18.8 percent. Broken down on a regional basis, Epirus and West Macedonia still shows the highest unemployment rate at 25.6 percent, down from
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingpercent in Q4 from 44.7 percent in Q3, while the NPE coverage ratio edged down to 50.4 percent from... down to 64.3 percent. In the Greek market, the NPL ratio fell to 36.3 percent in Q4 from 38 percent... NPE portfolio to Intrum Hellas DAC, for the amount of 1.5 billion euros. Gross loans edged down
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Newsletter 159 -27/04/2018
is reflected on the expenditure data, which was reduced to 85.32 billion, at 48 percent of GDP, down... and the debt for 2014 was revised down also by 0.1 percent. The figures revealed that a host of new tax... is broken down, rises were noted in revenues from social security contributions which went up
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Greek leaders' contrasting visions all a blur
Agorathat the current pension system would not need further reform to bring down costs over the longer-term... the burden of the ENFIA real estate tax to larger properties and bringing down pension contributions... down the ladder are the ones who will benefit most from the recovery. He is positioning himself
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Newsletter 185 -30/11/2018
percent to 28 percent next year, and then gradually come down to 25 percent by 2022. New Democracy... rumours refuse to die down, Alexis Tsipras is pushing forward with a host of positive measures... billion euros, which is 31 percent of NPEs, and are down by 5.1 percent compared to the end of last
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingnine months (9M) of the year came to a profit of 53.3 million euros, down from the figure of 85.1... of repossessed assets is expected to be completed in 2019. Broken down by sector, NPE formation fell... loans (NPLs) came to 14.9 billion euros in Q3, down by 1.6 billion euros QoQ compared to the figure
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Unemployment at 18.6 pct in September as unemployed decline by 11.1 pct year-on-year
EconomyMacroeconomylast year, the number of those unemployed went down by 111,221 or by 11.1 percent. The unemployed.... The unemployment rate for men stood at 14.8 percent, declining by 2.3 pps year-on-year. Broken down... to 24.3 percent. Although youth employment went down the most in August 2018 compared to last year
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