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Newsletter 106 - 10/02/2017
, the number of bank branches fell by 42.6 percent, to reach 2,343 by June 2016, down from the 4,079 in late... and mining and quarrying were up, while manufacturing and water production were down. Trade deficit
2% -
Industrial turnover soars 13.5 pct in December, drops 5.1 pct in 2016
EconomyMacroeconomydown 5.1 percent for the whole year. The strong rebound in December fully reflects a sharp rise... for the eurozone countries edged down 0.7 percent. Three of the five main industrial groupings posted
2% -
Stable deposit rate in Jan, slight uptick in loan rate
EconomyMacroeconomybetween 250,000 and 1 million euros edged down 5 bps to 5.01 percent. Following the slight changes... proprietors edged down 5 bps to 7.29 percent. The combined impact of those changes resulted
2% -
Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomypercent QoQ and 2 percent YoY leading final consumption expenditure down 1.1 percent QoQ and up 0.6... QoQ and by 1.6 percent YoY, while imports of services edged down 0.3 percent QoQ and grew by 8.6
2% -
Unemployment rate stable for third month at 23.1 pct in Dec
EconomyMacroeconomy) unemployment edged down to 23.6 percent in December, after a spike to 23.8 percent in November... and 22.6 percent respectively. In contrast, the OECD estimates the unemployment rate will edge down
2% -
Industrial turnover surges 26.9 pct in Jan, also reflecting low base effect
EconomyMacroeconomyis down 2.5 percent over the trailing 12 months. The ongoing upswing in January mostly reflects a solid... indicator published by the European Commission edged down 0.1, after rising in the previous two
2% -
What Dijsselbloem didn't say
Agoracomment was misunderstood and put his comments down to “Dutch directness” and a strict Calvinistic culture... to prevent a potentially devastating crisis dragging down their banks, which had lent freely
2% -
Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBankingprofits of 42.1 million versus losses of 1.37 billion a year ago dragged down by huge impairment... to 1.2 billion in February. Gross loans edged down by almost 500 million QoQ to 60.3 billion, while
2% -
NBG records net profits of 73 mln in Q4, turns profitable for whole year
EconomyBankingincreased by 32 percent QoQ to 219 million, while the full-year figure stood at 715 million down...) ratio edged down to 16.3 percent in Q4 from 16.4 percent in Q3, while the fully-loaded Basel III
2% -
Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
EconomyMacroeconomyon all new deposits down to 0.31 percent in February, a new record low for the past 15 years. Loans... loans down by 34 bps to 4.52 percent, which indicates a record low since 2002. Overall, the marked drop
2%