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MTFS outlines ambitious economic and fiscal road for next four years
EconomyProgrammebalance. According to the finance ministry, Greece will grow by 2 percent in 2018, lower than its... organisations. Growth will pick up to 2.4 percent in 2019 and remain above 2 percent before dropping to 1.8... surplus by 2022, reaching 2 percent of GDP, or 4.15 billion, which is around five times the outcome
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S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
EconomyBankingsees Greece growing by 2 percent in 2018, lower than its last official estimate of 2.3 percent... in 2019 and remain above 2 percent before dropping to 1.8 percent in 2022. All estimates are marginally... forecasts growth of 2 percent in 2018 and 2.2 percent in 2019. Fitch sees growth of 2.1 percent
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GDP growth slows to 0.2 pct QoQ in Q2 due to lower investment, higher imports
EconomyMacroeconomyspend dropped significantly by 2 percent YoY. This brought final consumption to an increase of 0.5... published in July stands by its revised estimate for 2018 growth from 2.6 percent previously to 2 percent... and Development (OECD) sees economic growth of 2 percent this year and 2.3 percent in 2019. Over
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingin business loans and 2 million in consumer loans, which offset a rise of 31 million in mortgages. NPL... rose by around 200 million QoQ and came to 2 billion at the end of Q3. Emergency Liquidity Assistance... covered bond pool. Gross loans further contracted by 2 percent QoQ to 52.79 billion in Q3, falling
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Newsletter 193 -08/02/2018
almost 1.3 billion euros in 2018, around 2 billion euros remained unpaid at the end of December... the previous estimates in Autumn. The Commission sees 2018 growth settling at 2 percent as a result... growth is estimated to reach 2.2 percent in 2019 and 2.3 percent in 2020, compared to an estimate of 2
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Going for Growth: What next for Greece's economy and banks?
Agorawith 18.6 percent unemployment[2], millions of Greeks still don’t have work or a path to a better... of capital have entered the country (figure 2) which is a positive sign of encouraging growth... 2: Source: Bank of Greece FDI investment isn’t surprising considering the cheap price of various
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Overall loan interest rate edges up to 4.68 pct in August
EconomyMacroeconomyweighted average interest rate on all existing loans stood at 4.09 percent, down by 2 bps while... loans and overdrafts, dropped by 2 bps to 14.32 percent. The average interest rate on consumer loans with a defined maturity at a floating rate fell by 2 bps to 10.39 percent. In addition, the average
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Newsletter 238 -07/02/2020
, Phoenix and Vega. The first portfolio, code-named Phoenix, carries a gross book value of 2 billion euros... securitisations in the first half of 2020. 2 Unemployment at 16.5 pct in Nov Total employment reaches 3.91... or a rise of 2 percent. Total employment reached 3.91 million people. The overall labour force came
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Overall loan interest edged up to 4.36 pct in January
EconomyMacroeconomycorporations rose by 2 percentage points to 4.36 percent in January from 4.34 percent in December, data... interest rate on all existing loans dropped by 2 bps to 3.97 percent. The spread between existing loan... rose by 2 bps to 14.62 percent. The average interest rate on consumer loans with a defined maturity
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingof 2 percent YoY. Asset quality NPEs fell by around 1.2 billion euros in Q4, taking the stock to 24.5... billion, and Phoenix valued at 2 billion. These portfolios will be placed with the Hellenic Asset... reached 1.44 billion, a rise of 2 percent YoY. The bank’s management noted that 4.1 billion in new
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