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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingpercent QoQ) largely due to a further contraction in the time deposit spread by 8 basis points (bps... noted it has a liquidity buffer of around 15 billion mostly for ELA funding with 44 percent of ELA
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Finance Ministry wavers as revenues remain at the forefront
EconomyProgrammeto encourage the repatriation of capital by applying a 15 percent tax on undeclared deposits abroad... reached 245 million euros by May 8. The ministry aims to collect an additional 417 million by the end
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How Greek banks can balance on the collateral tightrope
Agoraof up to 45 billion euros, of which 30 billion would stem from pillar II bonds and 15 billion from loans based on the currently applied haircuts. This is reduced by 8 billion for each 10 pp increase
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Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgrammecard, the new VAT rate of 18 percent will be reduced by 3 percentage points (pp) to 15 percent. A low... on hotel accommodation since prices would be set for an 8 percent increase. Smaller price increases
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Newsletter 28 - 29/05/2015
by 15 percent if voluntarily disclosed. Similarly, taxpayers with undeclared income that remains... tax rates of between 3 and 8 percent applied, yielded poor results. The first resulted
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Greek pensions laid bare
Agorasector in 2014 reached 14.4 billion euros, almost 8 percent of GDP, from just under 16 billion... percent of pensioners is between 55-60 years, meaning that almost 15 percent of current pensioners
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Referendum call finds Greek banks teetering on the edge
Economyamount stood at 45.2 billion at the end of May. The recent net increase of more than 15 billion euros... and Piraeus at 12 billion, Eurobank at 8 billion and Alpha at 6.2 billion. Those estimates were based
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Referendum and the ECB to determine the future of Greek banks
Economybillion, Eurobank at 8 billion and Alpha at 6.2 billion). Taking into account the deposit outflows since... (above 15 percent) would create a liquidity gap. At the same time, if state guaranteed collaterals
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammeof Greece fell to less than 1 billion at the end of May against a target of 5 billion in 2015 and 8... stable and below the 15 percent threshold over the next three decades. However, the drop in the debt
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economyby Eurobank at 8 billion and Alpha at 6.2 billion. Taking into account the deposit outflows since... Council decided on Monday an increase by 15 percentage points (pp) in the haircut applied only
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