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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingby a rise in core expenses by 3 percent. Net interest income (NII) edged up by 1 percent QoQ to 484 million..., while has been trimmed by 1 billion since Q3 2015, of which 0.7 billion stems from corporate... percent a quarter ago. The phased-in Common Equity Tier 1 (Tier1) ratio slipped to 17.5 percent in Q2
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CPI drops at a slower pace of 0.5 pct in October
EconomyMacroeconomya drop of 1 percent in September, according to data published by the Hellenic Statistical Authority... to a fall in the goods’ index by 1 percent, while the services index edged up 0.2 percent. Meanwhile... reflecting an increase in housing and transport prices by 2.4 and 1 percent respectively, while all
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Apartment prices fall by 1.5 pct in Q3 for slowest drop since 2009
EconomyMacroeconomythat prices in new apartments (up to 5 years old) dropped at a sharper pace of 1 percent quarter on quarter (QoQ) and 2.2 percent year on year (YoY) vis-à-vis the decline of 0.4 percent QoQ and 1 percent... percent in 2016 and by another 1 percent in 2017.
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Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
EconomyMacroeconomynew deposits marginally down by 1 bp to 0.37 percent, which is also a new historic low since 2002... for amounts over 1 million euros, where the interest rate climbed 97 bps to 4.91 percent and more than... and 1 million euros remained almost flat at 5.33 percent. Following the evolution in October
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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomy2016, while the effective rate is estimated to have increased by 1 percentage point due... in the share of private consumption expenditure via plastic money by 1 percentage point results in an increase in VAT revenues by 1 percent in the first year and up to 6 percent over the long-term. Moreover
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Stable deposit rate in Jan, slight uptick in loan rate
EconomyMacroeconomyThe new time deposit rate for Greek households fell by 1 basis point (bp) for the second straight... reflecting a similar rise in that for amounts above 1 million euros to 4.72 percent. The respective... between 250,000 and 1 million euros edged down 5 bps to 5.01 percent. Following the slight changes
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Compromise proposal on table ahead of Friday's Eurogroup
EconomyProgramme. The draft proposal foresees pension cuts with estimated savings of 1 percent of GDP being implemented in 2019 and a reduction in the tax-free threshold yielding another 1 percent of GDP in 2020. This appears... percent of GDP, then counter-measures of 1 percent of GDP would be implemented in 2019 along
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Review set to resume in Athens as debt talks drag on
PoliticsGreek Politicsthe 1 percent of GDP in pension cuts that will have to be implemented in 2019, the 1 percent of GDP..., the fiscal gap for 2018 and a range of other minor issues. The aim is to conclude the SLA by May 1
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Deposit interest rates broadly stable in March, average loan rate down slightly
EconomyMacroeconomyGreek households’ new time deposit rate edged down 1 basis point (bp) to 0.66 percent in March, Bank of Greece (BoG) figures showed on Monday. The headline figure is a new record low since Greece’s... for amounts above 1 million euros rose by 15 bps to 4.04 percent, while for amounts between 250,000 and 1
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Parliament debate yields little, wait for bailout tranche goes on
PoliticsGreek PoliticsPanos Kammenos’s actions in connection with the Noor 1 drug smuggling case were subjects that took... in the probing of the Noor 1 case. Mitsotakis and Tsipras were also involved in a lengthy and heated... by the International Monetary Fund to complete. The Fund wants official confirmation that the 1 percent
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