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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankingmillion are on balance sheet and the remaining 900 million have already been written-off... (provision over net loans) of 1.9 percent from 1.94 percent in Q1 and 2 percent in H1 2016. Balance... housing and consumer loan balances by 300 and 100 million respectively in Greece mitigated by a rise
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBanking, respectively. As part of its ongoing strategy to de-risk its balance sheets and reduce bad loans, Alpha Bank... into costlier management actions, according to the bank. Balance Sheet Eurosystem funding fell by 2 billion... to TLTRO-II, and 6 million from reduced ELA costs. On the asset side, lower average loan balances
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingwill gradually have a positive result on the cost of risk for Piraeus Bank. Balance Sheet Eurosystem funding... the repair of our balance sheet,” he said “For the full year 2018, we are dedicated to achieving... 3 which led to lower accruing balances. This was offset by deposits picking up and the reliance
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EC report notes economic imbalances and outlines remedies
Economyto external shocks. The external flow balances have substantially improved but the external position remains weak. In 2017, the current account balance recorded only a 1 percent deficit. However... the balance. Furthermore, debt measures agreed in June 2018 are expected to help Greece keep a lower
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PBO highlights economic impact of Covid-19, calls for policies to mitigate damage
EconomyMacroeconomypct, the primary balance is seen at a deficit of 1.9 pct of GDP and debt just short of 189 pct of GDP... between 26 pct and 31.2 pct. The fiscal primary balance depending on the pace of recovery will land... by the Ministry of Finance and the cash balances by the Bank of Greece point to a widening deficit from
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No signs of credit revival in Sept., balances at 221 bln
EconomyMacroeconomyyear on year (yoy) in September with balances reaching 221.0 billion euros, according to the Bank of Greece. Loan balances eased 0.4 percent month on month (mom) for the sixth consecutive month... to individuals & private non-profit institutions fell 3.6 percent in September with balances
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Deposits down for fourth month in a row as tax obligations rise
EconomyMacroeconomymore than offsetting sight inflows of 501 million. The year to date flow is now marginally positive... with balances reaching 161.35 billion euros. Net flow remained in negative territory for the fourth... increase at 2.8 percent with balances reaching 18.01 billion (11 percent of total). Monthly flow stayed
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The Greek crisis we don’t see
Agoradisposable income has dropped by more than 30 percent since the crisis began. This has contributed to even... in their payments to the state, banks, social security funds or public utilities due to money shortages. More than... employed people have to support more than 4.7 million unemployed and inactive. There isn’t an economy
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Historic victory for SYRIZA in EU vote unlikely to dislodge Greek coalition
PoliticsGreek Politicsthan expected showing from the PASOK-led Elia (Olive Tree) alliance means that the victory... the previous European ballot by more than 20 percentage points. However, it is the leftists’ failure... that Elia was able to get 2-3 more percent in the EU vote than opinion polls had indicated meant
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Newsletter 36 - 24/07/2015
mandate in the autumn. There are several reasons to believe that this is more than idle speculation... it as a national rather than European problem. They chose to hide the absolute truth about the crisis... not materialise, it was always the fault of the Greeks for not implementing the programme rather than its
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