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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingthe NPE mix with retail loans making up 55 percent of total NPEs, the bank said that the retail NPE... 20 percent each to the total NPE cut, while write-offs will make up the remaining 40 percent... total costs to stand below 1 billion for the whole year, from 750 million in the 9-month period. Over
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Greeks’ wealth fell by 0.6 pct in 2016 for third straight decline
Economywith financial assets making up 22.5 percent of the total figure and equities accounting for only one fourth of financial assets, the negative performance of shares had a limited impact on the domestic total... showed 2.09 million Greek adults (22.9 percent of total) had wealth below 10,000 dollars, while for 4.72
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Newsletter 103 - 20/01/2017
that the capital-neutral price for NPE sales stands above 40 percent of the nominal value of the total NPE..., the total number of payment cards in the Greek market rose further by 3 percent in the first half... importantly, the total value of card transactions fell by 6.7 percent to 26.21 billion euros
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Newsletter 104 - 27/01/2017
climbed to 17.54 billion, an increase of 14.2 percent or 2.19 billion in 2016. Of the total overdue stock, 12.62 billion (72 percent of the total) involves basic SSC contributions and the remaining 4.92... of total assets. The study also showed that the household debt to disposable income ratio grew from 68.5
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Newsletter 107 - 17/02/2017
, while interest payments soared 55.2 percent to 180 million, 40 million above target. As a result, total... to the MoF. This brought to 3.13 billion the total amount paid to clear arrears in 2016. This figure... 3.5 billion exclusively for arrears clearance. Around one third (1.03 billion) of total GG arrears
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Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomyconsumption fell by 2.1 percent, leading total consumption up by 0.6 percent. Private consumption retains the lion’s share of GDP, making up 69 percent of the total figure. The latest European Commission... stayed flat QoQ and rebounded 12.1 percent YoY. Overall, total exports fell 1.5 percent in 2016 entirely
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Out-of-court workout bill prepared amid apparent concern from banks
EconomyProgrammetheir debts to banks, tax offices, social security funds and suppliers. The minimum amount of total.... Specifically, SME’s NPEs stood at 23.5 billion (59.9 percent of total), small business and professionals’ NPEs at 16.8 billion (67.2 percent of total), while large corporate NPEs amounted to 14.8 billion
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Net job hirings at record high of 38,517 in March, lead to positive balance in Q1
EconomyMacroeconomyat 170,810 in March and outpaced a total of 132,293 departures. Just under half (around 49 percent.... The share of males among total hirings fell below the 58-percent mark from around 61 percent in February... and 14.8 of total hirings respectively. Full-time employment accounted for 46.5 percent
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These were the key drivers behind Greece's strong fiscal performance in 2016
EconomyMacroeconomy. Taxes on production and imports (mostly indirect taxes), which hold the lion’s share of total revenues... of the total figure, rose by 1.06 billion to 18.15 billion. Social contributions, which represent the second highest revenue component (28.5 percent of the total), recorded a smaller rise of 510 million
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Material deprivation rises, while poverty risk drops slightly
Society, unchanged from the previous year. The survey also showed that 28.7 percent of the total population lives... at risk of poverty or social exclusion represent 35.6 percent of the total population (3,789,300 persons... in the total disposable household income) for persons aged 18-64 years is 44.9 percent. Excluding
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