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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBanking, digitalisation initiatives, lower advertising expenses and overall cost cutting efforts. In the conference... of 2016, which reflects the lower EFSF/ ESM bond holdings due to the ongoing exchange in the framework
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Banks meet NPE targets in Q4, reduction at highest rate since start of crisis
EconomyMacroeconomy, which is 1.6 billion lower than the target of 95.9 billion. NPL stock came to 65.1 billion, which is around 800 million lower than the target of 65.9 billion. The NPE ratio stood at 48.6 percent in Q4
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Eurosystem funding drops by 1.45 bln in March as ELA reduction offsets ECB rise
EconomyMacroeconomyfrom a lower reliance on ELA funding. The decline in central bank funding across the last two years reflects the reinstatement of the waiver on Greek government securities along with the lower haircut
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Newsletter 161 -11/05/2018
billion. This represents a rise of 321 million month-on-month, which is notably lower than February’s... by 0.4 percent, lower prices in housing, notably rentals and electricity/gas. The Finance Ministry’s
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Eurosystem funding decline picks up pace to 3.26 bln in April
EconomyMacroeconomybailout programme. Following this, the majority of the fall (76.55 billion) originated from a lower... the reinstatement of the waiver on Greek government securities along with the lower haircut applied on ELA
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Eurobank net profits at 34.5 mln in Q1
EconomyBanking. Commission income fell by 8.4 percent QoQ to 64 million, driven by lower fees from network... deposits and lower Eurosystem funding reliance, commenting that the uptick in business lending seen
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Tsipras waits on name issue and debt talks, Mitsotakis pledges tax cuts for tourism
PoliticsGreek Politicstwo VAT rates: 22 and 11 percent, with tourism-related services being in the lower bracket. He said that the lower taxes would create “growth momentum” but called for entrepreneurs in the tourism
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Banks meet NPE targets in Q1 but mortgage reductions remain slow
EconomyMacroeconomywas reduced by 4.7 billion euros quarter-on-quarter (QoQ) to 92.4 billion 1.3 billion lower than the target... euros, around 600 million lower than the target. Residential NPLs landed exactly on target at 20.5
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What the ECB did next - a tale from another crisis
Agoraas the interest charged by the ECB is much lower than any available commercial rate. The ECB blocked... with the Bank of Greece (BoG) (which accepted lower rated paper), but whose credit supply capability
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Building permits fall by 2.3 pct in March, absolute permits rise above 1,000
EconomyMacroeconomywere lower by 31. The corresponding surface area rose by 3.2 percent after a slight decrease of 2.2... to 13,847. Although this is higher than that for 2016, it remains around 86 percent lower than the peak
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