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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBanking) fell by 9 percent quarter-on-quarter (QoQ) to 151 million. Core PPI came to 461 million euros... billion in Q2. In the last 12 months, NPEs have been reduced by 4.5 billion. The bank noted that organic
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Amid hiring controversy, ND focusses on new round of tax cuts in latest bill
PoliticsGreek Politicsare the reduction in the introductory tax rate for incomes below 10,000 euros from 22 to 9 percent.... It also increases from 12 to 24 the number of instalments for the permanent scheme to settle unpaid taxes
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBanking+’ in October, with the positive outlook suggesting that further upgrades might be possible over the next 12.... BoG also notes that taking into consideration the implementation of IFRS 9, that has a stricter
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Promises and challenges of Greece's "green new deal"
EconomyFeaturesthat investments in clean electricity would add over 12 billion euros to the economy over their lifetime... public financial support for the transition to clean energy. On specific measures, 9 out of 10 Greeks
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PDMA sets 2020 goals to build on improving conditions for debt
Economyin 2019 for a total amount of 9 billion euros, in 5-, 7-, 10-year issues and a tap through... in the summer of 2018, Greece’s maturities profile does not exceed 12 billion euros between now and 2070
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General govt primary cash surplus at 8.84 bln in November, arrears fall by 195 mln
EconomyMacroeconomyarrears (+24 million) and local governments (+12 million). Declines were seen in SSFs (-108 million) and extrabudgetary funds (-9 million). At 34.6 percent of the total, tax refunds make up
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Study sheds light on different experiences, aspirations of new and long-term migrants
Societyimmigrants (54 percent) have a university degree, while only 12 percent of new immigrants have one... into Greece." Only 9 percent of recent migrants reported being employed compared to 77 percent of long-term
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Overall loan interest remains at 4.34 pct in December
EconomyMacroeconomya defined maturity, which includes credit cards, open account loans and overdrafts rose by 9 bps... a defined maturity increased by 12 basis points to 3.58 percent, while the corresponding rate on loans
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Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest
Economythat the fiscal deficit this year would reach 9 pct, pushing the debt-to-GDP ratio close to 201 pct... also attracted more hedge funds, which participated with 12 pct, from just 5 pct in January. Overall
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingdropped by 12 bps QoQ to 52 bps, with the frontbook coming in at 31 bps. As a result, the bank's... related loan impairments (113 bps over RWAs), as well as IFRS 9 transitional adjustments (41 bps
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