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Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
EconomyBankingof 40 percent of total loan settlements to 60 percent in the coming quarters. P&L The core pre... market. The Common Equity Tier 1 (CET1) ratio increased by 20 bps QoQ to 16.8 percent in Q3
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Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance
EconomyMacroeconomy. As a result, total expenditure decreased by 17.8 percent in November and by 0.2 percent to 42.42 billion... billion to November from 1.74 billion to October, which entails a notable increase by almost 1 billion
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Bank of Greece study finds one in six local firms is strategic defaulter
EconomyMacroeconomyof 13,000 firms with outstanding loan obligations of at least 1 million euros each between 2010–2015..., the share of strategic defaulters to total non-performing loans (NPLs) remained broadly stable over
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Disposable income drops by 2.3 pct in Q3 on sharp rise in taxes
EconomyMacroeconomy’ total remuneration continued heading north for the fourth straight quarter, but at a slower pace... and holiday allowances. Social contributions and benefits declined by 1 percent for the second consecutive
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Greek banks stepped up write-offs in 2016, provisions increased at slowest pace since 2008
EconomyBankingbillion euros in 2016, up by more than 1 billion from the 2015 figure of 1.46 billion. The previous... deterioration in the loan portfolio that led to their NPE ratio soaring from 5.5 percent of total
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Greece forced to revisit prickly subject of pension spending to conclude review
EconomyProgrammepension, which is based on a worker’s contributions over their total working life. As a result, existing... involves applying the new rules to existing pensions, which could deliver savings of 1 percent of GDP
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Creating a competitive natural gas market: Legal aspects and investment opportunities
Legal, it amended paragraph 1 of article 82 of Law no. 4001/2011 in order to provide all eligible customers... to 67 percet of the current capacity of the Sidirokastro point and 55 percent of the total capacity
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Athens sees faster pace of progress in review talks but no final deal yet
EconomyProgrammedemanded interventions in the tax and pension system yielding savings of 1 percent of GDP each via... the total figure to 1.8-1.9 percent of GDP. According to reports, the government seems to have agreed
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Turnover in tourism sector sees second successive rise in Q4 with 4.3 pct increase
EconomyMacroeconomyand assuming road arrivals will remain stable, total foreign arrivals are seen close to 28 million in 2017, Andreadis noted. In addition, travel receipts are projected to increase by at least 1 billion
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Budget primary surplus of 2.1 bln in 2-month on large underspend in Feb
EconomyMacroeconomyyear. The 2-month figure amounted to 1.7 billion, down 1 percent from last year and 30 million higher than target. Overall, the contained primary expenditure led total expenditure down 4.8 percent
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