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Bank of Greece decision bolsters Greek lenders’ capital ratios
EconomyMacroeconomyto a material capital improvement of 5 percentage points to its CT1. The new regulatory framework... recognition up to 10 percent of CT1 with a 10-year phase out period. This means that following... should gradually reduce the DTA recognition by 10 percentage points per annum in each of the next
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One in two Greek households rely on pensions to make ends meet
Society, while for 35.9 percent income from salaried or freelance work is the mainstay. Just over 10 percent.... The survey indicated that the income of only 5 percent of households has not been affected during... and 2013, which is higher than Hellenic Statistical Authority (ELSTAT) figures suggest. Nine in 10
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Troika review begins with fiscal targets and tax breaks in focus
EconomyMacroeconomywas estimated at 2.02 billion (1.1 percent of GDP) by the IMF in its fifth review report on June 10... (ENFIA) revenues, these developments mainly involve the impact from: a) Retrospective reversing of the 10... for physical persons with the target set at 10 percentage points reduction over time. To Vima
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What does a bailout exit with a precautionary credit line mean for Greece?
EconomyProgrammetypical size is expected to vary between 2 and 10 percent of the concerned country’s GDP. Surveillance... more included in the previous MoUs. According to To Vima daily, the following 10 reforms might... of strike framework to European standards. 5) Justice system reform. 6) Restructuring of hospitals
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DTA may spell new trouble for Greek banks
Agora. According to the article 5 of Law 4303/17.10.2014, Greek banks formed a special reserve equal to 100... a capital base of 10 billion of which 2 billion or 20 percent stems from DTC, then the bank... will gradually no longer count as bona fide capital for amounts exceeding 10 percent of core capital by 2024
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Gov't submits multi-bill to pave way for next bailout tranches
EconomyProgrammewill be applied to all OPAP games, which corresponds to a tax rate of 10 percent on lottery games and 20..., which could be extended by another year. Until now this tenure was fixed at 5 years. On the scheme... as the transfer to the HFSF of the 10 billion earmarked for bank recapitalisation that are currently
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingthat the burden on NII and fees from pillar II bonds stood at 12 and 10 million respectively in Q2... at the end of Q2. The NPL ratio edged down by 10 bps to 34.7 percent, while it slightly rose by 10 bps... that reached 6.7 billion in August from around 5 billion in March. In addition, pillar II bonds (nominal
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After talks with lenders, Greece returns to list of tasks to secure next bailout payment
EconomyProgrammeof 2.8 billion euros would be completed by October 10, when the next Eurogroup will take place... the transfer of a 5 percent stake in Hellenic Telecom (OTE) from the state to the Hellenic Republic... on layoffs to 10 percent of total employees. Fiscal On the fiscal front, Finance Minister Euclid
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingby 2020, and the NPL balance to under 10 billion euros. P&L NII stood at 360 million euros, a reduction... and commission income fell QoQ by 10 percent (79 million versus 87 million) but rose by 2 percent YoY... participated in. Gross loans further contracted by 4 percent QoQ to 57.70 billion, falling by 10 percent
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Newsletter 192 -01/02/2019
that had recommended a rise between 5 and 10 percent. Given that the process of deciding... that the total bids reached as high as 10 billion euros. Finance Minister Euclid Tsakalotos also claimed... after a period of 10 years. New Democracy attempted to play down both developments. It argued
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