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NPLs: The Achilles heel of the Greek banking system
AgoraHaving completed capital increases of 8.3 billion euros, which more than covered the capital needs..., Greek banks’ NPLs, which are defined as the loans past due for more than 90 days, remain... at 33.1 percent (from 25.5 percent in 2012). Since both figures are different by more than one
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Newsletter 1 31/10/2014
on the dynamic (agreed restructuring plans after the end of 2013) rather than the static (end-2013 figures) model... do not incorporate the positive impact (more than 3 billion) stemming from the recent legislation... it was the negligible sum of less than 20 million euros. of up to 40 percent in its Turkish unit
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Newsletter 36 - 24/07/2015
mandate in the autumn. There are several reasons to believe that this is more than idle speculation... it as a national rather than European problem. They chose to hide the absolute truth about the crisis... not materialise, it was always the fault of the Greeks for not implementing the programme rather than its
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomy(and consequently non-payment) of the first instalment of property tax (ENFIA) with targeted revenues of more than...), higher Public Investment Budget (PIB) balance (by 1.53 billion) and lower tax refunds (by more than 300 million) more than offsetting a revenue shortfall of 4.5 billion. The 7-month budget deficit
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Newsletter 49 - 30/10/2015
is worth less than 120,000 euros and whose annual income is close to the poverty threshold, meaning... reports claim that the quadriga’s proposal would protect less than one-fifth of indebted households... who say they backed New Democracy at the last elections than Tzitzikostas, while the younger man
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Surprise 0.1 pct QoQ rise in Q4 GDP on investment rebound, 2015 recession at 0.3 pct
EconomyMacroeconomy) in Q4, at a much slower pace than flash estimates (-1.9 percent) as well as the revised Q3... QoQ decline posted in Q3. In addition, Q4 GDP fell 1.2 percent YoY, less than half the drop of 2.6... percent in 2015, lower than the 0.7 percent indicated in flash estimates, while nominal GDP fell
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Newsletter 67 - 18/03/2016
probably be lower than the government’s proposed 384 euros. In addition, compared to the initial... for those with more than 25 years. However, they seem to agree on an increase in contributions...-on-quarter (QoQ) to 190 million, primarily reflecting a rebound in core operating income that more than
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomy(PIB) revenues, which grew by more than 1 billion euros from last year, coupled with an increase in net revenues by more than 800 million. In addition, the 2-month primary surplus outperformed... expenditure was 913 million lower than target), the higher PIB surplus (by 657 million) and the higher
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Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
EconomyMacroeconomyGreece’s budget primary surplus rose by more than 29 percent to 2.72 billion euros in the 4-month...) final budget execution bulletin showed on Friday. The headline number is 339 million euros higher than... billion) also supported by revenue outperformance (by 378 million), which more than offset a lower than
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Newsletter 84 - 29/07/2016
by provisions of 101 billion, of which 31.9 billion related to PSI, more than offsetting operating... that beat the target by more than 1 billion. It is worth noting that tax revenues surged 38.8 percent... months, mostly reflects lower-than-targeted social protection expenses as well as consumption and non
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