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NBG records net profits of 73 mln in Q4, turns profitable for whole year
EconomyBankinga one-off gain of 150 million euros related to the sale of Astir Vouliagmenis. For the whole year, NBG.... A higher QoQ drop was posted in the Greek ratio, which declined to 33.8 percent from 35.4 percent... funding at 5.8 billion remaining the lowest among NBG’s Greek peers. In addition, interbank repos stood
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingPiraeus Bank concluded the release of Greek banks’ fourth quarter (Q4) results on Friday evening... losses of 3.49 billion. The bank’s Greek operations recorded net profits of 74 million in 2016, which... increasing to -450 million from -335 million in Q3. In the Greek market, NPL formation stood at -492 million
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Newsletter 117 - 05/05/2017
. As a result, companies accordingly reduced their production for the eighth straight month. However, Greek... base and privatisations, could proceed irrespective of the negotiation process. The Greek pact.... The aim is to take the pressure off coalition deputies, who are concerned about approving the new fiscal
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The reflection in Golden Dawn's mirror
Agorajust a few minutes but presented us with a useful snapshot of Greek political life. Firstly, one... 235 MPs voted in favour of cutting off state funding to the extremist party, there has been... cases in Greece, which is the decrepit state of the Greek justice system. A surfeit of laws
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BoG reveals number of indebted borrowers, details business NPEs
EconomyMacroeconomy(NPEs) of Greek banks presented by Bank of Greece (BoG) on January 12, BoG deputy governor Theodoros... amounts to 5.9 billion, Mitrakos noted. Greek banks have committed to the Single Supervisory Mechanism... published by BoG on Tuesday showed that Greek banks continued to meet their NPE reduction target
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Bond issue mulled amid pressure from judiciary clash, Varoufakis claims
PoliticsGreek Politicsin the Greek government’s decision will be what kind of yield it can secure. It is likely... is an issue that resonates with more moderate Greek voters. It also runs the danger of creating a poisonous atmosphere in the judicial system at a time when the government is trying to fend off demands
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Coalition returns to work with one eye on centre-left leadership contest
PoliticsGreek Politicsfor the leadership of the new grouping on Monday. Kaminis, a lightweight in Greek political terms.... SYRIZA is watching the process with interest because it fears that its dominant position on the Greek left may be challenged if the new entity gets off the ground. If the alliance can have a forceful
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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBanking50.8 percent in the previous quarter. In the Greek market in particular, all sectors recorded... million are on balance sheet and the remaining 900 million have already been written-off... of 100 million in business loans. Greek deposits increased by 800 million QoQ to 23.7 billion
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Government gears up for third review while lenders await pending actions
PoliticsGreek PoliticsThe Greek government had a first opportunity on Monday to get a sense of where things stand... of Assets and Participation (HCAP), is still pending. A total of 95 prior actions have to be ticked off... the law protecting primary residencies by the end of the year. The Greek government has also been
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBankingEurobank became the first Greek systemic bank to sell a package of non-performing loans (NPLs) as Greek credit institutions attempt to tackle non-performing exposures (NPEs) in excess of 100 billion... million euros of those loans remained on the balance sheet while the remainder was written off
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