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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 122 million euros from continued operations in the second quarter (Q2) of 2019, down from profits of 131 million euros reported in Q1. Quarter... percent in Q2 from 71 percent in Q1. The total Greek deposit yield stood at 37 bps in Q2, down from
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August employment balance positive by 3,111
EconomyMacroeconomyfor those aged 15-24 years (-7,861) and those aged 25-29 (-563). Broken down by employment activity in each... as the school year starts and the tourism season winds down, as demonstrated by the rise in unemployment
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Newsletter 220 -20/09/2019
will be looking for progress on a number of prior actions, which include bringing down the stock of NPLs... at 45.4 percent of total loans, down from 47.2 percent. After coming to power in July, New
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PMI at 53.6 points in September, employment slows
EconomyMacroeconomyGreece’s manufacturing PMI edged down to 53.6 points in September from 54.9 points in August, according to the latest data from Markit PMI. The latest reading was the slowest improvement in the Greek... a general slowing down. This was driven by increased client demand and higher order volumes. New business
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Overall loan interest rate edges up to 4.68 pct in August
EconomyMacroeconomyweighted average interest rate on all existing loans stood at 4.09 percent, down by 2 bps while the spread between existing loan and deposit rates edged down to 3.83 percentage points. The average
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September employment balance stays positive by 2,651
EconomyMacroeconomy(-28,549) and those aged over 64 (-351). Broken down by employment activity in each sector... as the school year starts and the tourism season winds down, as demonstrated by the rise in unemployment
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ND sees budget as evidence of pledges being kept, SYRIZA highlights flaws
PoliticsGreek Politicsto be seen if Greece’s lenders see this as a credible fiscal alternative given that they have shot down... to create extra fiscal space and essentially bring the primary surplus down to 2.5, rather than 3.5
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Mitsotakis eyes Christmas handout, tries to rally support for diaspora vote proposal
PoliticsGreek Politics, that these funds could be used for reducing tax pre-payment, bringing down the trade tax paid by businesses... out of the vicious cycle, if we don’t bring down unemployment, if we don’t increase disposable
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Newsletter 224 -18/10/2019
. In the forecast horizon, growth is seen slowing down significantly to 0.9 percent by 2024. The longer term... the aggregate PIB balance landed on a deficit of 777 million euros. Eurosystem funding down by 699.8 mln
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Athens waits for credit rating upgrade as 10-year yield drops to new low
EconomyThere has been a continuous flow of positive messages from the sovereign debt market for Greek authorities as strong demand for Greece’s public debt keeps pushing borrowing costs down. The 10-year..., however the growth estimates for this year have been trimmed down in the draft budget to 2 percent
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