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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankinginto a slight profit of 2 million euros in 2017, compared to profits of 37 million in 2016. The bank noted... percent to 1.67 billion. Net fee and commission income fell QoQ by 2 percent (87 million versus 89... in Q4 due to seasonality but fell by 2 percent across the year as a result of branch closures
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Newsletter 158 -20/04/2018
just over 2 percent. There is also the matter of defining the post-MoU surveillance... consequences. 2 Industrial turnover up by 3.1 pct in February Twelve-month trailing index grows by 9.6... surpasses the previous high of July 2017, when new overdue taxes rose by 2 billion. Greece’s new tax debt
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Newsletter 178 -12/10/2018
growth at 2 percent. For next year, GDP growth is revised upward to 2.4 percent, from 1.8 percent... previously, albeit higher than the last quarter of 2017, when the economy grew by 2 percent. Real GDP... has much ground to cover in order to meet its privatisation target of around 2 billion euros
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GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
EconomyMacroeconomycapital formation fell by 5 percent YoY, while gross fixed capital formation showed an increase of 2... budget, Greece’s GDP is expected to grow by 2 percent this year and 2.8 percent in 2020. The IMF meanwhile anticipates growth of 1.8 percent this year, followed by 2.3 percent in 2020 and 2 percent
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Newsletter 262 -04/09/2020
and pushing to 2021 around 1.5 to 2 billion euros of deferred tax and social security payments... was not as dramatic. In 2008, Greece was spending 3 pct of its GDP on defence. In 2018, this stood at 2 pct, which was still in line with the level agreed by NATO member states in 2014. Even at 2 pct, spending
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Macroeconomic fundamentals for Greece
Agora. Figure 2 shows that these efforts are yielding some success. The number of inactive people... with Figure 2 above, the participation rate is assumed to increase from around 51 percent of the WAP... growth rebound after the Corona pandemic. As Table 2 demonstrates, because of unusual shocks
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How big is the gap separating Greece and the institutions?
EconomyProgrammeand 2 percent for 2016, which is in line with the institutions’ proposal. However, the lenders... a fiscal gap of 350 million for 2015 and 800 million for 2016 2) The increase in the health care... million for 2015 and 405 million for 2016. 2) The institutions agree on a rise in the corporate income
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammeand SMP bonds (9.2 billion). 2) IMF debt redemption (8.4 billion). 3) Debt amortization to the private... and SMP bonds (2.9 billion). 2) New Greek government bonds (issued after the PSI) mostly held... the previous assessment. 2) Cash buffer for deposit build-up of 7.6 billion compared to 4.5 billion
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Greek banks' equity raising could keep official support to a minimum
Economyoutstanding bank bonds. Of this amount, 533 million relate to senior securities, 267 million to Tier 2... percent of nominal value for senior notes, at 80 percent for Tier 2 and at 50 percent for Tier 1... are senior notes, 84 million preferred securities and 18 million hybrid (Tier 2) notes. For senior notes
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Stock market slips 1.4 pct dragged by huge bank losses
Economyof the first set of milestones and the European Stability Mechanism (ESM) disbursed the sub-tranche of 2... trading on December 2. For the same reason, NBG stock will cease trading from December 30 until December 2 and the new shares will trade again as of December 3. NBG will run a Greek public offer for up
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