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NBG strengthens capital at deep discount, falls short of initial target
Agoranoted on November 3 that part of the proceeds from the sale of its entire stake (100 percent... by the management on November 3 when it presented its capital plan. This largely reflects the lower
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Budget primary surplus jumps to 1.19 bln in Jan, largely on rising PIB revenues
EconomyMacroeconomyexpenditure largely reflects proportionally lower costs for: 1) Operational and other expenditure of 100...) corresponding to 2.9 percent of the full year target of 1.26 billion 3) Conditional expenditure of only 58.... Overall, expenditure fell 5.3 percent to 3 billion, 469 million lower than target. PIB The remarkable
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Newsletter 67 - 18/03/2016
had lowered the emergency liquidity assistance (ELA) ceiling of Greek banks by 100 million to 71.3... to the Q4 reading for 2014. The year-on-year decline reflects a rise in the number of employed by 3.... The year-on-year decline reflects a rise in the number of employed by 3 percent. Rise in long-term
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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomymeasures yielding around 1 percent of GDP that completes the 3 percent of GDP in fiscal interventions... increases from 30 to 32.5 percent for GGR between 100 and 200 million euros and to 35 percent... sector attrition rule from the current 1 hiring for 5 departures to 1:4 in 2017 and further to 1:3
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Newsletter 81 - 08/07/2016
for the winning party but retaining the 3 percent threshold for entering Parliament – would apply... of removing the bonus but also wants to scrap the 3 percent threshold. As a result, the government separated... has dropped by 17 bps in the year to date and by around 100 bps over the past 12 months. Corporate
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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomybeen trimmed by around 100 bps, broadly due to the lack of competition, although the downward trend has..., the interest rate for loans to sole proprietors slipped 3 bps to 7.32 percent. Overall, the weighted average rate on new loans slightly increased by 3 bps to 4.87 percent in June after a marginal drop
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Newsletter 86 - 26/08/2016
that it will provide a trade finance facility of 100 million to Eurobank, marking the first entry... of poverty or social exclusion. The absolute figure stood at 3.8 million in 2015, from about 3... of more. In 2013, this figure had fallen to 2.6 million and recovered only marginally to 3 million
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingin Q4 largely due to a rise in operating expenses, while the full-year figure also dropped by 3...-performing exposure (NPE) formation turned negative for the first time in Q4 at around -100 million, driving... to 1.32 billion, while excluding one-off expenses costs were down 3 percent on a recurring basis
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Deposit interest rates broadly stable in March, average loan rate down slightly
EconomyMacroeconomymillion euros it edged up 3 bps to 4.82 percent. Following the movement in March, the corporate loan.... In the household lending sector, the consumer loan floating rate markedly dropped by almost 100 bps... bps to 2.76 percent, while the rate for loans to sole proprietors slipped 3 bps to 7.25 percent
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingin revenues by 3 percent. Asset quality Non-performing exposure (NPE) formation turned positive to around 70 million in Q1, after a negative figure of 100 million in the previous quarter. However, NPE...) contracted by 3 percent QoQ to 440 million, as the positive impact from lower funding cost
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