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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBanking’ (performing or past due less than 90 days) NPEs widened to 27.6 percent of total NPEs in the first half from 26.2 percent in December, while performing exposures past due less than 90 days fell to 12.2... past due more than 90 days as well as denounced loans accounted for 28.3 and 44.2 percent of NPEs
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Budget primary surplus hits 1.74 bln in 4-month, beating target on strong underspend
EconomyMacroeconomyreflects strong underspend, with primary expenditure coming in 1.19 billion lower than target... by 152 million. In addition, the Public Investment Budget (PIB) surplus was 97 million lower than... period, which was 16.4 percent higher than last year, but outperformed the target by 909 million
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Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details
EconomyBankingat the end of 2016 from 348.77 a year ago. The decline largely reflects a drop by more than 26 billion.... The qualitative characteristics revealed that the ‘unlikely to pay’ (performing or past due less than 90 days... performing exposures past due less than 90 days slowed to 10 percent of performing exposures
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Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
EconomyMacroeconomyto a strong underspend. The primary expenditure came in 1.16 billion euros lower than the target, coupled with higher than targeted Public Investment Budget (PIB) balance and slightly higher net revenues... attributed to a better than expected performance of direct taxes. In the 6-month period, gross revenues
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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammea much-higher-than-targeted primary surplus.” In the documentation accompanying the Precautionary Stand... for more than 10 consecutive years. When the primary surplus threshold is increased to 3.5 percent..., only one country in the sample has managed to meet and maintain for longer than a decade. The IMF
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Report highlights latest living conditions and demographics in Greece
Societylonger than their male counterparts, they enjoyed fewer healthy years. Of the 21.6 years additional life expectancy, just 6.8 years of these are calculated as being healthy years, 2.8 years less than... since 2007 than those for men. Marriages According to the report, civil marriages overtook religious
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Greek household expenditure falls by another 2.5 pct in 2016
Societywith one person aged 65 and over, expenditure was 54.5 percent lower than the average monthly... per month than the average for the country, while for households with three children or more up to 16... areas spent on average 22.5 percent less than those in urban areas. Inequality The survey showed
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NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
EconomyBanking, falling by more than 13 percent, or 12.6 billion, from the 94.4 billion figure at the end of 2017..., representing 22 percent of NPEs, however more than 67 percent of these loans have not been serviced for more than one year. The equivalent statistic for mortgages that have not been serviced for one year
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Where is Odysseus? Part 1 - Demographics
Agorain the future than in the past. This follows from the decline in the population and in the number... at around 8+ million later this century. Hence, real GDP could be larger than what we thought... winds than was initially thought in the book. Working-Age Population. Real GDP is produced by those who
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Newsletter 333 - 01/04/2022
35 pct of the vote, rather than around 38 pct under the scheme adopted by the conservatives soon... to spend up to 2 billion more this year than initially envisioned in this year’s economic plan. Staikouras... of the vote. This is five points less than in the 2019 elections and short of the roughly 38 pct it would
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