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Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankingFollowing the notable rise of 11.3 percent in the second half of 2015, the total number of payment cards in the Greek market rose by 3 percent in the first half of 2016 compared to the previous... effectively, the BoG said. At the end of June 2016, debit cards made up 81 percent of total payment
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
EconomyBankingto be concluded with 600 million euros of Sunrise 3 in 2022. Piraeus intends to have an NPE ratio of less... 90 million euros in 2020. Total operating expenses stood at 933 million, a drop of 14 percent YoY... was 13 pct and 13.1 pct pro forma. The total capital ratio was at 15.8 percent. The pro forma fully
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New bonds drive up central government debt by 3 bln to 404.69 bln in Q2
EconomyMacroeconomyGreece’s central government debt recorded a sizable rise of over 3 billion euros to 404.69 billion... relatively stable. FSM loans continue to make up the bulk of the total, accounting for 58 percent... creditors to pre-pay the two coming years of the GLF loans. The weighted average maturity of the total
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Current account deficit widens to 3 bln in Mar, at 4.47 bln in Q1
EconomyMacroeconomyGreece’s current account recorded a deficit of 3 billion euros in March, from a deficit of 2.49... billion euros in March, from 2.55 billion euros in the same month last year. Total imports came to 6.92 billion euros in March, from 6.75 billion last year. At the same time, total exports came
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New overdue taxes rise by 610 mln in May, total stock remains above 100 bln for fourth month
EconomyMacroeconomyof the total figure for new tax, or roughly 4.22 billion, stems from tax categories. The remainder is related.... The total number of tax debtors declined month-on-month for a fourth consecutive month, and fell by 49,407 in May. The total figure for debtors came to over 3.8 million in May, marking the fourth month where
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New overdue taxes rise by 377 mln in July, total stock above 102 bln for second month
EconomyMacroeconomyof ENFIA tax becomes due. Just over 88 percent of the total figure for new tax, or roughly 4.91... went unpaid according to the latest data from the IAPR. The total number of tax debtors increased... since September 2017. The total figure for debtors came to over 3.9 million in July. The total
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Greek GDP shrinks 3 pct in Q3, on course to contract by 4 pct in 2013
EconomyMacroeconomyGreek non-seasonally-adjusted GDP contracted 3 percent in the third quarter of 2013, confirming... consumption retreated 8.1 percent in the quarter leading to a 6.6 percent drop in total final..., a fourth-quarter GDP contraction at third quarter levels (i.e. at 3 percent) will result in a GDP erosion
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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgrammea primary surplus for 2015 in line with the Economic Adjustment Program target of 3 percent. Reforms As we... (125 million). 3) Public finance management with targeted revenues of 380 million particularly from.... On social security reforms, the MoF reiterates interventions with a total cost in excess of 1 billion euros
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Greece draws another 3 bln from bond markets as debt strategy continues at pace
EconomyGreece completed on Wednesday its third successful market foray of the year by drawing 3 billion..., the new issue would settle at 3 billion euros, zero coupon and a reoffer price of 99.186 and a yield... reaches the upper threshold of 12 billion euros. The Finance Ministry has hinted that the total debt
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Lenders set out post-MoU reform tasks ahead for Athens
EconomyProgramme) programme, last Thursday’s Eurogroup also outlined the set of commitments that the Greek authorities will have to undertake so the complete set of reforms are successfully signed off. Additionally, two... unified pension fund (EFKA) is expected to be fully set up by mid-2020, while reforms in the health care
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