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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingrespectively. Core pre-provision income (PPI) - excluding trading income and one-off expenses – rose... reflecting a one-off cost of 195 million related to the voluntary separation scheme (VSS). The bank... in the Greek market. The bank disclosed for the first time its non-performing exposure (NPE) ratio, which
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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBankingincome (PPI) - excluding trading income and one-off expenses – fell 10.8 percent QoQ to 251.6 million... million the reported figure landed at 1.65 billion. In Q3, the bank booked a one-off cost of 195 million... at the high-end in the Greek market. According to the full EBA definition, the bank’s non-performing
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This is how Greece kept its budget on track in Q1
Agorathe Hellenic Financial Stability Fund (HFSF) on March 19 and relates to one-off fees Greek banks paid...Recent Greek budget data showed the huge revenue gap of 968 million euros recorded in January..., the marked over-performance in March is to a large extent attributed to one-off or non-recurring
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Whither New Democracy?
Agoralead to a run-off vote a week later), the rivets holding together the strange amalgamation... of the four hopefuls, has set off around Greece in a camper van. It’s not so much the kind of battle..., a veteran of the Greek far right. In 2007, Plevris received a 14-month suspended sentence
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingPiraeus became on Wednesday the third Greek bank to report a net loss in Q4 of 2015 after declaring... expenses also reflecting one-off costs. Pre-provision income (PPI) fell 63.4 percent quarter on quarter... voluntary exit scheme, 35 million to resolution fund’s cost and 19 million to other one-off costs
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingseventeen quarters since Q3 2011. It is worth noting that stripping out a one-off gain of 57 million posted... and Greek government guarantees (pillar II bonds). As a result, the net interest margin (NIM) further...-off item of 57 million stemming from the negative goodwill of the Alpha Bank Bulgaria acquisition
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Justice can't be blind to facts in 2009 deficit case
Agorathat the country’s public finances were off track and defined the magnitude of the fiscal adjustment..., the respinning of the unsubstantiated doubts about the 2009 deficit epitomises Greek decision makers... 2009, the budget’s unrealistic projections were exposed. The budget deficit was already way off track
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PM looks for positives as Eurogroup and oil spill cause concern
PoliticsGreek Politicswas the sole bidder for the Greek company during last year’s tender. The transfer of a 100 percent stake... be raised as an example of “how not to do things.” Another matter that the Greek side... the handling of an oil spill in the Saronic Gulf, off the coast of Athens. A tanker sank on Sunday
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Opposition parties seek renewal as Tsipras visits Washington
PoliticsGreek Politicsnot have the spotlight just to himself. Hours after Tsipras set off for the US, where he met politicians, Greek-Americans and potential investors in Chicago first, New Democracy announced the creation... of the MoU and adopting policies targeted at helping the least well off. Centre-left Greece’s centre-left
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Deal seen on energy liberalisation as third review SLA edges closer
EconomyProgrammereview has been settled. The Greek government and the European Commission have been in negotiations... of 40 percent of the Public Power Corporation’s (PPC) lignite-powered units. In discussions with Greek... to officially call off their strike in the coming days, allowing the first e-auctions to begin on November 29
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