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  1. Banks enter final quarter with high hopes for bad loan reduction while challenges remain

    EconomyBanking

    Greece’s banks entered the final quarter of the year with several key developments on the front... was in development since last year. The Hellenic Financial Stability Fund (HFSF) and the Bank of Greece (BoG... of the year. Sales totalling 14.5 billion euros were reported by the banks for the remainder of the year

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  2. CPI edges down by 0.7 pct in October
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) contracted by 0.7 percent year-on-year (YoY) in October.... It is also the fourth negative reading for the year so far. The average CPI for the rolling 12 months... index of consumer prices (HICP) fell by 0.3 percent year-on-year in October. Month-on-month, the HICP

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  3. Alpha Bank posts net profits of 4.7 mln in Q3
    Photo by MacroPolis

    EconomyBanking

    a year ago. Asset quality Non-performing exposure (NPE) stock in Greece fell for the eleventh straight... collections and increasing liquidations. Year-on-year (YoY), the reduction came to 3.3 billion euros. Greek..., the bank entered into a multi-year agreement with doValue Group for the servicing of its portfolio

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  4. Focus shifts to DSA, fiscal targets after IMF loan prepayment
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyProgramme

    and interest charges next year, decelerating to 1.44 billion in 2023. Greece was due to repay on December 3 and 4 principal of 478 million euros, whereas next year principal repayments amounted to 2.16... on the amount repaid, the prepayment makes next year’s maturity profile even more benign. The amount

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  5. CPI edges up by 0.2 pct in November
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) rose by 0.2 percent year-on-year (YoY) in November, returning... is the sharpest since July this year when the index contracted by 1.5 percent. The core index edged up... of consumer prices (HICP) rose by 0.5 percent year-on-year in November. Month-on-month, the HICP edged

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  6. Turnover in services improves strongly in Q3 2019
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , Hellenic Statistical Authority (ELSTAT) figures showed on Friday. Specifically, year-on-year... in Q2. The three largest year-on-year rises were noted in employment activities (+19.6 percent... points. Year-on-year, the service confidence indicator has improved by 6.7 points.

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  7. Budget primary surplus at 4.96 bln in Dec, beating annual target

    EconomyMacroeconomy

    to 8.28 billion a year ago, and were below the target by 339 million euros. On an aggregate basis, gross.... Compared to the same period last year, the aggregate figure has dropped by 9.6 percent. Overall... percent higher than for the same time last year. Expenditure Primary expenditure came to 6.11 billion

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  8. Lenders set out key review issues as Athens tables proposals for fiscal space
    Finance Ministry

    EconomyProgramme

    fiscal targets and has proposed a phased-out approach over a seven-year period. The banks... fiscal space for further tax cuts this year, notably the reduction of the solidarity levy...” that transfers fiscal overperformance from one year to the next, lowering of the agreed surplus targets

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  9. Greek banks eye positive market appetite for bad loan sales
    Photo via www.helex.com

    EconomyBanking

    is expected to go down from 49 percent at the end of 2019, to 29 percent this year and 8 percent by 2022... outlined a number of major NPE sales which are scheduled for this year. These are split across to main... movement for the year, the bank anticipates inflows up to 2022 of around 350 million euros per

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  10. Gathering signs of coronavirus impact on growth expectations
    Photo by Alex Proimos via Flickr https://flic.kr/p/bt29wL

    Economy

    by 2.54 percent this year under the baseline scenario, lower than the government’s projection of 2.8... expects average global growth of 3.3 percent this year, very slightly revised from 3.4 percent... by 2.2 percent this year against a baseline of 2.5 percent, which as mentioned is already lower than

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