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After Q3 results, what next for Greek banks?
Agoraon the quarter, fully attributed to lower time deposit rates in Greece coupled with less reliance... of deposit rates in the banks acquired over the past 12 months, whose deposit rates were 1 percentage point... to monetary policy tightening and regulatory headwinds. Greek term deposit rates fell by 0.80
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Newsletter 21 - 27/03/2015
rates on Aegean islands, but government sources said that was a personal view. before May. Although... and privatisations, where there are conflicting views within the government. On VAT rates, Alternate Finance Minister Nadia Valavani recently said she would favour increasing the reduced VAT rates enjoyed
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Time deposit rate slips 12 bps in Oct, average loan rate rises by 29 bps
EconomyMacroeconomymarket, since the core Greek banks that control more than 95 of the market cut their rates. The time..., the weighted average rate on total new deposits eased by 7 bps to 0.62 percent in October, which... between 250,000 and 1 million euros. As a result, corporate lending rates in Greece stayed 250-350
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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomythe weighted average rate on total new deposits eased by 1 bp to 0.42 percent, which represents a new record low since Greece’s euro accession in 2002. Loans Corporate loan rates for amounts less than 1 million... percent, while interest rates for higher amounts up to 1 million euros decreased by 10 bps to 5.07
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Greece's taxing challenges
Agoraobligations. While the ENFIA and VAT collection rates reached 83 percent and 81 percent last year... an expansion in tax arrears by 1.3 billion euros. The total amount of outstanding taxes reached... tax rates on private households and corporate businesses. Most strikingly, the new WEF report ranked
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Lenders acknowledge reforms, flag up tricky fiscal path ahead
EconomyProgrammeGreece has a total allocation of 32 billion euros and could have positive impact in the growth outlook... that the baseline analysis is based on assumed favourable market conditions, large share of debt at low rates... higher financing rates and the combined effect of financing rates and lower growth, both of which push
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Govt stands firm on 'no lockdown' message, pins hopes on vaccination surge
PoliticsGreek Politics, the government says it is satisfied by the recent uptick in vaccination rates and an apparent... high infection rates in northern Greece. Prime Minister Kyriakos Mitsotakis, meanwhile, talked up... to keep the economy and society open for the holidays by increasing vaccination and testing rates
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingfunding cost, also involving a 26 bps drop in time deposit rates, and higher loan NII. June time deposit rates show there is difference of 35 bps between the front and the total book, suggesting further... 441 branches (26 percent of total) have been shut down over the past 12 months. The bank says it has
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Newsletter 316 - 12/11/2021
of patients in ICUs stood at 556 on Thursday, while the total death toll from the pandemic in Greece... and Control (ECDC), Greece has one of the highest Covid death rates in the EU. The ECDC places Greece... in recent days to comment on what they describe as the unusually high death rates from Covid-19
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Newsletter 326 - 28/01/2022
, exceeding the 30 pct total New Democracy had promised before coming to power. He said that the latest cut means that eight in 10 owners will pay less ENFIA. However, 6 pct will pay more. The total amount saved would reach 350 million this year, said the PM. The total reduction to ENFIA since ND
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