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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingguidance for 2019 ranges from 150 to 180 bps over net loans. Balance Sheet Eurosystem funding stood at 1... and the agreement with Intrum for the servicing of NPEs. He noted that the bank’s balance sheet
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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBanking, management said. Balance Sheet Eurosystem funding was unchanged QoQ at 1.3 billion euros in June... the bank on track with its plans to strengthen its balance sheet. He noted that the reduction of bad loans
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Newsletter 222 -04/10/2019
approval for the Asset Protection Scheme (APS) aimed at reducing the giant pile of NPLs on their balance... to remove around 30 billion euros worth of NPLs from banks’ balance sheets. The scheme foresees Greek
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IMF revises fiscal outlook, sees lower primary surpluses in coming years
EconomyMacroeconomybalance turning to a small deficit of 0.3 percent this year, which accelerates to 1 percent next year..., Greece would run a surplus for the entire forecast horizon. The cyclically-adjusted primary balance
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Newsletter 227 -08/11/2019
budget primary balance rising by 2.37 billion euros and landing at 4.55 billion euros, compared... last year was 1.81 billion. The breakdown of the state budget primary balance figures showed
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Oct travel receipts up by 4.1 pct, boosted by rise in visitors from UK and Russia
EconomyMacroeconomyGreece’s travel balance rose to 1.19 billion euros in October from 1.21 billion a year ago, according to Bank of Greece (BoG) data released on Monday. Receipts came to 1.44 billion euros, rising... also recorded a rise of 29.7 percent to 2.31 billion, which took the overall travel balance to 15.22
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Newsletter 234 -10/01/2020
euros last year. The balance for local governments fell by 384 million euros to stand at 20 million euros. Overall, the state budget primary balance showed a rise of 2.89 billion euros, landing at 7.28
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November travel receipts drop by 42.9 pct on lower French receipts
EconomyMacroeconomyGreece’s travel balance fell to a surplus of 87.4 million euros in November according to Bank of Greece (BoG) data released on Tuesday, a decline of 42.9 percent compared to the same time last year... to 2.49 billion, which took the overall travel balance to 15.37 billion, a rise of 10.8 percent YoY
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Unemployment continues decrease in Nov, falling to 16.5 pct
EconomyMacroeconomybalance showed 127,644 more hirings than departures. The respective balance for the same period last
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Hercules NPL reduction scheme receives first application from Eurobank
EconomyBankingin offloading up to 30 billion euros in bad loans which have been plaguing their balance sheets since... on the balance sheets of the country’s four systemic banks as at the end of the third quarter 2019. The need
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