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National Bank follows other Greek lenders' by opting for capital increase
EconomyBankingis anticipated to improve its pro-forma 2013 EBA CT1 of 11.2 percent by 7 percentage points to 18.2 percent... compared to 12 percent for the banking index and 5 percent for the Greek stock market. Reports also
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Greek building activity drop decelerates to 16 pct in March
EconomyMacroeconomythe trailing 12 months. Building permits decreased by 21 percent, surface by 21.7 percent, with volume... in May. This resulted from an increase in private construction by 13.4 points counterbalanced by a 7
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BoG sees central gov't primary surplus to May at 1.06 bln on cash basis
EconomyMacroeconomybillion euros, 232 million higher than the BoG’s number. Interest payments on a cash basis fell 7 percent... published on June 12.
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Better contribution collection for Greek pension funds but 5.1-bln shortfall looms
Economy: a) 7 billion euros is related to lower contributions due to high unemployment, with the number... and the government d) 1.3 billion has been lost due to a reduction in SSCs. e) 12 billion was lost
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economypublished on June 12. Then, the MoF had revised its full year budget forecasts according... million in May (similar to the 7 million posted in May 2013), while the respective PIB expenditure stood
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After landmark return in April, Greece prepares to tap bond markets again
Economyon July 7. The release of the next instalment is expected to be approved as Greece has completed... million euros with a coupon of 4.375 percent. Alpha Bank followed suit on June 12 by issuing a 3-year
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBanking. On the cost front, operating expenses fell 12 percent YoY in H1, while remained flat QoQ.... In addition, Eurosystem funding further dropped by 7 billion QoQ to 11 billion at the end of Q2
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBanking441 branches (26 percent of total) have been shut down over the past 12 months. The bank says it has... below 110 percent (108 percent in Q2), net Eurosystem funding to total assets below 10 percent (7
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WEF report highlights weakness of Greek institutions and challenges of recovery
Economyplaces since 2008. Looking at the different pillars of competitiveness, Greece has gained 12 places in the basic requirements (now at the 76th place), 2 places in efficiency enhancers (65th) and 7 places
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Building activity falls 10.7 pct in June after brief rise in May
EconomyMacroeconomyMacedonia) posted a rise of 7 percent. The aggregate figures over the past six years indicate... confidence recorded a deterioration of 3.3 points over the past 12 months.
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