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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingcollateralised loans with a nominal value of 7 billion euros along with the sale of at least 70..., or around 33.6 percent of the gross book value. The bank also announced that in addition to the Jupiter... to the value of 27.5 billion euros, as well as the sale of a non-collateralised bad loan portfolio of 2.5
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Card usage gains traction with debit cards leading the way, BoG finds
EconomyBanking. The overall value of card transactions increased by 8 percent YoY and came to 65 billion euros in 2018... percent YoY, or 54 transactions from 45. The average value per transactions remained similar to the level in 2018. Meanwhile, the average value of transactions per card increased by 3 percent YoY and came
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Sharp rise in M&A activities as 2019 proves record year
EconomyFeatures) in Greece rose to 85 with the total deal value rising by around 600 million compared to 2018 to reach... banks to the value of 236 million euros. In 2018, a total of 51 M&A transactions were recorded by PWC.... The average value per transaction came to 51 million euros, down from 72 million euros in 2018
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Newsletter 371 - 24/02/2023
the average deal size also rose by 54 million euros. The value of deals more than doubled to 10.4 billion euros, from 4.3 billion euros in 2021, through 94 transactions that had an average deal value of 110 million euros. Financial services dominated the transaction value with 26.2 pct of the value
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Narrowing of trade deficit slows in November as exports fall 22.5 pct
EconomyMacroeconomyshowing a different trend: imports increasing by 4.4 percent and exports declining by a much slower... products, and milder in imports - just 0.5 percentage points deviation depicting a 4.4 percent drop
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingan improvement of net interest income (NII) by 4.4 percent QoQ to 500.3 million. NII was bolstered by lower... increase in Q2, the bank has a capital buffer of 4.4 billion under the base and 5.9 billion under
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Target revisions leave 880 mln budget shortfall in Oct despite 2.6 bln primary surplus
Economy. The breakdown of revenues showed the growth in direct taxes slowed to 4.4 percent in the 10-month period... in the first half of November posting a 15 percent rise. Primary expenditure dropped 4.4 percent
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Greek retail index down 0.9 pct in Sept. although volume increases
EconomyMacroeconomyAfter increasing in the preceding three months, the turnover of Greece’s retail trade index fell by 0.9 percent in September following a downward revised 4.4 percent rise in August, according... percent) and food, beverages and tobacco (-4.4 percent). On the flipside, the highest rise
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Retail sales fell by 1.7 percent in June, after a short-lived rise in May
EconomyMacroeconomy(+4.4 percent) and supermarkets (+4.1 percent). In contrast, clothing and footwear’s sales... by 4.4 and 14.3 percent respectively. The latest retail business indicators published at the end
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Greek tourism's long-term growth prospects are good, report shows
EconomyMacroeconomyeuros, which implies a growth of 4.4 percent per annum in the next ten years. The breakdown of 2015... percent in 2016 and 4.4 percent per annum in the next ten year, while the latter is seen down 5.9 percent
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