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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomywith the most notable increase for amounts less than 250,000 euros, where the rate climbed 50 bps... bps higher than the average euro area rates. In the household lending sector, a marked rise of 31
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBanking. Gross loans slipped by more than 100 million euros QoQ to 66.19 billion, while deposits increased... formation of more than 500 million in H2.
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingon ELA and pillar II bonds more than offsetting lower loan NII. Net interest margin (NIM) improved... to be lower than the 1-billion euro mark. The combination of higher operating income coupled
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingfor the fourth successive quarter, at 106 million in Q2 less than half the Q1 figure of 260 million... and by another 1.7 billion to 13.2 billion in August. In particular, ELA funding more than halved from 11
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TV permit auction boosts Greek coffers but questions linger
PoliticsGreek PoliticsGreek authorities announced early on Friday, after an auction lasting more than three days, the four winners of national broadcasting permits on the country’s digital network. The four winners... that the starting price was 3 million euros, the total raised was far higher than most observers expected
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Greek VAT gap narrowed 22.4 pct to 4.9 bln in 2014, EC report shows
Economy, just 83 million higher than the 2013 figure. However, the VTTL fell by 7.1 percent or by 1.34 billion..., markedly higher than the EU average of 14.9 percent.
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Effort to unite PASOK and Potami seems to have hit a wall
PoliticsGreek Politicsfaces is highlighted by the fact that he is only slightly more popular than Tsipras (19.5 percent... to set out at the Thessaloniki International Fair will be more convincing than the one Tsipras is due
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agorarose by less than 100 and 300 million euros respectively in Q2. Overall, the NPE ratio remained stable... of pillar II bonds. The cash value of the latter more than halved to 4.9 billion euros recently from 10
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Tsipras limits pledges and expectations in Thessaloniki
PoliticsGreek Politicsof pledges made was considerably lower than in years gone by. Tsipras, for instance, was not tempted... slightly less painful reading than other recent surveys for Tsipras. It still showed SYRIZA trailing
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Greek SMEs continue to have bleak view of their future
SocietyThe vast majority of small and medium-sized businesses are in a more difficult financial position than ever before and there is a risk that the overall job losses in the sector could hit 55,000... percent) than bigger businesses (with five employees or more). The survey found almost 70 percent
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