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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBanking. Nevertheless, the NPE ratio edged up to 52.3 percent in Q2 from 51.9 percent in the previous quarter... to the reclassification of 69 million from loan impairments. Operating expenses edged up 1 percent QoQ to 292 million in Q2, but declined by 5 percent to 582 million in H1, on the back of a drop in personnel
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBanking-provision income (PPI) fell by 3 percent quarter on quarter (QoQ) to 232 million, reflecting a drop... a positive formation of 43 and 25 million in Q2. Overall, the group NPE ratio edged up to 45 percent from... quarter going forward. Operating expenses edged up by 0.3 percent QoQ to 232 million, while the H1
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Newsletter 133
by 14.9 percent and a drop in direct taxes by 11.9 percent. In total, tax revenues missed their monthly... returns. The positive deposit flow in the Greek banking system picked up pace in August to 1.41... at 15.3 points. Retail trade turned neutral after August’s figure of -3.6, and construction picked up
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Athens outlines 2018 debt management plan for post-bailout era
EconomyMacroeconomyexit on market access, the build-up of cash reserves via programme financing and the medium-term debt... to the market by disbursing tranches for the build-up of reserves that will form a safety net after... debt management strategy resting on. The government anticipates savings in debt servicing from the drop
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General govt primary cash surplus at 5.34 bln in nine-month, sharp fall in arrears
EconomyMacroeconomy. The drop reflects the government’s recent drive to clear arrears as part of its effort to wrap up... months of 2017, up marginally (by 3 million euros) compared to the same time last year, according... by 102 million. At 45.7 percent, arrears to SSFs continue to make up the lion’s share of the total
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IMF sticks to reform, debt relief demands as programme role remains in doubt
EconomyProgrammeto an agreement for technical discussions on the relief measures to be stepped up and for a task force... building up the cash buffer, which Greek government officials have said is likely to be between 18 and 19... been lined up for 2020, to be moved forward by a year. This is something the coalition fears because
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Newsletter 157 -30/03/2018
for building up the cash buffer and 1.5 billion euros for arrears clearance. However, this was partly... the poll gap built up by conservatives. The leftists had been edging closer to their opponents since last.... Eurosystem funding drops by 2.80 bln in Feb Emergency Liquidity Assistance decline leads drop
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Banks focus on defining challenge of reducing NPEs
EconomyBankingthat monitors progress with stock expected to drop to 81.5 billion at the end of this year, and further... that is on the books. Eurobank is reportedly in the process of grouping unsecured consumer loans of up... are continuing outside the offices of notaries, electronic auctions have picked up pace. The banks have
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Philip Roth's words of caution
Agorarhetoric. Marine Le Pen and Gianfranco Fini are among those who have tried to clean up their image... are willing to instantly drop their scepticism, champion the politician seeking to make amends and stop...?” “They didn’t get him up there to talk to Jews. They didn’t buy him off for that. Don’t you
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Lenders set out post-MoU framework with aim of securing reforms
EconomyProgrammeby eurozone central banks and the cancellation of the step-up rate of loans extended in 2012. The second... by the end of 2020 and set up at least 240 primary healthcare units during the same period. Centralised.... The stock of non-performing loans (NPLs) is expected to drop to 60 billion euros by the end of 2019
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