Search
-
Newsletter 266 -18/09/2020
forecasts. 2 Current account deficit at 874.5 mln in July Sharp drop in travel receipts drives..., against an increase of 2 percent in 2018. Apartments over 5 years old saw prices increase by 6.9 in 2019
3% -
Apartment prices rise by 4.1 pct in Q2
EconomyMacroeconomyan increase of 2 percent in 2018. Apartments over 5 years old saw prices increase by 6.9 in 2019, against..., and by 2 percent in other areas of Greece during Q2. For the whole of 2019, based on revised data
3% -
All eyes on Piraeus as share price tumbles amid coupon payment concerns
EconomyBankingthat took place in 2015, Piraeus Bank had issued 2 billion euros of convertible bonds (CoCos) that pay... billion euros of NPEs through two portfolios: Phoenix, which is worth 5 billion, and Vega for 2 billion
3% -
Banks intensify balance-sheet clean up with securitisations, new bonds
EconomyBankingas joint lead managers for a 500 million-euro issue of subordinated Tier 2 bonds. If comes after the bank.... The Tier 2 bond issue will bolster the bank’s capital adequacy by about 150 basis points
3% -
Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingNPE reduction in 2020, including write-offs, was around 2 billion euros in last year, bringing..., as well as Sunrise 2, with a gross book value of 4 billion euros, will bring the cumulative
3% -
NBG posts net loss of 423 mln in Q4; profit of 38 mln in 2020
EconomyBanking. For 2020, core PPI came to 610 million euros, a rise of 2 percent year-on-year (YoY). The bank also.... P&L Net interest income (ΝΙΙ) rose 3 percent QoQ to 314 million. In 2020, NII fell by 2 percent
3% -
CPI down by 1.6% in March, marking 12-month continuous drop
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) fell by 1.6 percent year-on-year in March, following a drop of 1.3 percent in February and a decline of 2 percent in January, Hellenic Statistical Authority... the services index fell by 1.3 percent YoY. The harmonised index of consumer prices (HICP) fell by 2 percent
3% -
NBG posts 557 mln profit in Q1
EconomyBankingpercent QoQ from 314 million in Q4. Net fee income fell 2 percent QoQ to 67 million in Q4 The bank’s... to 16 bps in Q1, led to a improvement of the bank’s blended funding cost to nearly zero in Q1 (2 bps
3% -
Govt baulks at more holiday restrictions to stem spread of Omicron variant
PoliticsGreek Politicspoll for Powergame.gr shows KINAL up from 9.4 to 13.1 pct, with ND sliding by almost 2 points from 34.3 to 32.2 pct, and SYRIZA also losing 2 points to go from 23.6 to 21.5 pct. Although Androulakis
3% -
Government U-turns again to tighten Covid measures over Christmas
PoliticsGreek PoliticsJanuary 2, include a return of the mask mandate in all public spaces, with double masks or high... to the country will be required to take diagnostic tests on days 2 and 4. The minister added
3%