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Budget primary surplus of 2.38 bln by April, continues to beat target due to restricted spending
EconomyMacroeconomyedged up 1.7 percent in April to 3.12 billion euros, which is 472 million lower than target... 450 million euros lower than target in each of the first four months of the year. The ongoing
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Net profit of 87 mln for NBG in Q1
EconomyBanking) rose 21 percent quarter on quarter (QoQ), mainly reflecting lower costs related to pillar II bonds..., largely on the back of lower reliance on the Emergency Liquidity Assistance (ELA) funding and time
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Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
EconomyMacroeconomywith the lending flow staying positive for the second successive month, albeit at lower to March levels... stands lower at 17.5 percent. The key challenge for Greek banks directly linked to potential credit
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingattributed the lower core income to the calendar effect. The bank benefitted from lower funding costs
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ECB holds off on reinstating Greek waiver, waits for completion of prior actions
Economybillion if the ECB decides to lower the haircut that is currently applied to this collateral. The ELA... from lower interest expenses of up to 100 million euros on an annual basis from the reintroduction
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Newsletter 76 - 03/06/2016
of “engaging in an undeclared war in favour of the lower classes and against the more affluent”. There are two... that lower income groups in Greece saw their tax burden increase by 337.7 percent from 2008 to 2012
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Greek banks on cusp of improved liquidity conditions
Agoradecides to also lower the haircut, e.g. to 30 percent, the positive impact for Greek banks NII could reach... for April rates), banks could see lower funding costs of 27 million euros in their NII and fee income
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The enemy within
Agoraof “engaging in an undeclared war in favour of the lower classes and against the more affluent... that lower income groups in Greece saw their tax burden increase by 337.7 percent from 2008 to 2012
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Lenders' report reveals long-term savings from pension reform, which also offset court ruling
EconomyProgrammethe harmonisation of contributions will be finalised. These relate to eliminating the lower minimum... for lower health contributions and downward revision the discount for lump sum of notional insurance
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Newsletter 80 - 01/07/2016
eased 2.4 percent in May and 1.1 percent in the first five months to 15.49 billion, 2.06 billion lower than target. This reduction mostly reflects lower expenses (compared to targets) in grants
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