Search
-
Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economyincome by 1 percent QoQ to 597 million. After a drop in Q1, expenses headed north in Q2 increasing by 1...) to 275 million. Gross loans slipped by around 1 percent QoQ to 70 billion in Q2, whilst deposits... that due to the improved liquidity conditions in Q3, Eurosystem funding slipped by around 1 billion
8% -
Greek banks' capital actions underway, state aid seen as low as 4.7 bln
Economy(1:50) since its current market price of 0.064 euros per share is way below the minimum price of 0.30... split (1:100). NBG NBG initially announced it would seek to raise 1.6 billion from the non-preemptive... today is also due to approve a reverse split (1:15). Piraeus Following the LME outcome of around 600
8% -
Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgrammeof 1 billion. Eurogroup President Jeroen Dijsselbloem said that the pension reform has been moved... percent of GDP in 2015 and around 1 percent in 2016. Almost half of cost savings for 2016 have been...) for employers by up to 1 percentage point. At the same time an overhaul of the pension system has
8% -
Where things stand on the Greek pension reform proposals
EconomyProgrammechanges that were included in the proposed pension system overhaul included: 1) Consolidation... for a 3-year period by a total of 1.5 percentage points (pp), 1 pp for employers and 0.5 pp for employees... 600 million euros required for achieving the agreed pension cost savings of 1 percent of GDP (1.8
8% -
Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammecontributions for supplementary pensions by 1.5 percentage points (pp), 1 pp for employers and 0.5... in contributions e.g. for 1 pp in total. This means that the government has to consider alternative measures... by 1.13 billion, there are several items worth around 1 billion (0.6 percent of GDP) in the 2016 budget
8% -
This is how things stand as bailout talks head for a brief pause
EconomyProgramme1 percent of GDP. On pensions, on top of the measures already implemented last summer, which are meant to yield 0.5 percent of GDP, an additional 1 percent is required for the next years. Half... for farmers and the self-employed. Tax Tax measures, which are expected to yield 1 percent of GDP
8% -
Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammeof the proposed measures. The government aims to collect additional annual revenues of 1.7 billion euros (1... and around 640 million to incremental revenues. Cost savings 1) Elimination of the solidarity grant... Additional revenues 1) Rise in contributions for supplementary pensions by 1 percentage point – 362
8% -
Newsletter 73 - 13/05/2016
package of parametric fiscal measures amounting to 1 percent of GDP, including an increase in the basic... to be voted in the days ahead (another 1 percent of GDP in fiscal measures, the framework for the sale of non..., the coalition has done most of its heavy lifting for the time being. The 1 percent of GDP in further fiscal
8% -
Greek banks on cusp of improved liquidity conditions
Agorawould no longer be eligible as collateral for ECB funding from March 1, 2015. This means..., for each 1 billion euros of deposits that is returned to the banking system, Greek banks can redeem an equivalent amount of pillar bonds with a nominal value of 1.8 billion. Assuming that this 1
8% -
First review completed but more prior actions lie ahead for Greece
EconomyProgrammeand the independent revenue agency. Privatisations 1) Agreement with the institutions by the end of June... Development Plan by the end of August. Energy 1) The Regulatory Authority for Energy (RAE) has to proceed... for the implementation of the EU target model for the electricity market. Independent revenue agency 1
8%