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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingadoption of the IFRS9 accounting policy for exposures in Stage 3 (1 billion euros). Net fee.... Operating expenses fell by 6 percent YoY, excluding the extraordinary cost associated with the 2018... Assistance (ELA) funding dropped to 2.1 billion in March, falling by another 1 billion euros in mid May
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Newsletter 176 -28/09/2018
in Parliament on October 1 and then send to the European Commission, means that a decision by the Eurogroup... the opposition parties, which have scorned the SYRIZA leader’s attempt to cancel the 1 percent of GDP... on the need for additional pension cuts of 1 percent of GDP in 2019, which were legislated but made
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingthe Jupiter portfolio of NPLs valued around 1 billion euros to a consortium of funds managed by Apollo and IFC... of investment banking and brokerage. Recurring operating expenses rose by 1 percent QoQ 274.5 million, falling... by around 6 billion euros. The reduction in Q3 was mainly achieved through deposit inflows in Greece
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingtargets, NBG’s NPE stock should stand at 12.6 billion by the end of next year, and at 6 billion... coming to 10.6 billion. P&L Net interest income (ΝΙΙ) fell by 1 percent QoQ to 274 million. In 9M, NII... (73 percent in Q2) and 72 percent at the group level. Fee income rose by 1 percent QoQ to 49 million
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EU elections in Greece: Applying a different scale of values
Agora. He said he would instead implement a 1:1 hiring ratio. Three months later, at New Democracy’s party... programme would be 6 billion euros and would be funded by savings in the public sector, more... impact at around 1 billion euros, while the institutions reportedly think it is closer to 1.5 billion
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Newsletter 209 -07/06/2019
have an estimated impact of around 1 percent of GDP, or 1.8 billion euros, and is seen as being..., neo-Nazi Golden Dawn with 4 to 6 percent, while ultra-nationalist Elliniki Lysi (Greek Solution... and not creating an extra 1 percent in fiscal space for growth-enhancing reforms of the tax system
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Newsletter 216 -26/07/2019
for which the government expects to receive some pushback. Around 6 million property owners... percent for properties ranging from 80,000 to 1 million, which relates to 1.5 million middle class taxpayers, and 10 percent for the 14,706 people who own property worth more than 1 million euros
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Greece aims to bolster Balkan role to dull impact of EU veto for Skopje, Tirana
PoliticsForeign Policyas the main opposition, nationalist party VMRO-DPMNE, is leading (with up to 6 points) in the opinion... affected by delaying the beginning of North Macedonia’s EU accession are: Article 1 paragraph 10... in accordance with Article 1 (3) shall commence at the opening of each EU negotiation chapter
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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBankinglosses stood at 11 million in 9M 2019 up from 6 million in 9M 2018. Balance Sheet The bank fully.... The bank noted that in Q3, new disbursements of loans to the private sector amounted to roughly 1... offset a decline in state deposits. On an annual basis, deposits in Greece showed inflows of 1
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PDMA sets 2020 goals to build on improving conditions for debt
Economy. In most years, it ranges between 6 and 8 billion euros, limiting refinancing risks across medium... compared to peers. Based on the assumptions of the European institutions, which see growth averaging 1..., in the volume of 3 billion euros, in line with the IMF repayment that took place this year. In scenario 1
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