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Greek stocks on slide for third straight week
Economylead to the disbursement of the next sub-tranche of 2 billion as well as the transfer to the Hellenic... October 2. Banks remained very volatile through the week and ended with huge losses of 23.4 percent..., turnover remained subdued with the average daily figure easing to 42 million this week from 50 million
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Greek banks' capital actions underway, state aid seen as low as 4.7 bln
Economy(1:50) since its current market price of 0.064 euros per share is way below the minimum price of 0.30... as the bail-in of securities, meaning that the bank would seek state aid of 2 billion to cover its... around 2 billion would be in the form of CoCos and 0.7 billion in common shares. The book building
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Newsletter 62 - 12/02/2016
contributions for the self-employed, starting from 50 percent for annual net income up to 10,000 euros... at an accelerating pace of 5.2 percent in December from an upward revised 2 percent in November. December’s... is the highest since January 2007. 2 A rock and a hard place PM can no longer charm his way out
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Greek stocks up for second straight week, rising by 5.5 pct
Economy50 percent with revenues rising by 2 percent to 1.04 billion and EBITDA falling by 4.2 percent... results on March 2 and 3 respectively.
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Athens and creditors edge closer on tax and pensions but gap remains on NPLs
EconomyProgrammeworking years. 2) Institutions demand a lower pension replacement rate of 0.7 percent for the first 15... percent. The government’s initial proposal pointed to rates of 0.8 and 2 percent respectively... 25,000 euros as well as the introduction of a new tax rate of 50 percent for incomes above 50-60,000
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EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus
EconomyProgrammeunconstitutional the pension cuts implemented in 2012 (estimated cost of 2 percent of GDP) 2) Personal income... to the government proposal of 9,100) to ensure that at least 50 percent of salary-earners
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBanking. In specific, net interest income (NII) rebounded QoQ for the second straight quarter by 2 percent... in Q4. The bank has guided for a cost of risk below 2 percent for the whole of 2016. On the asset... (CET1) ratio slipped by 50 basis points QoQ to 16.5 percent in Q1 from 17 percent at the end
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Newsletter 86 - 26/08/2016
that will stem from the existing Marinopoulos company. The plan also incorporates a haircut of 40–50 percent... in June, reflecting a drop in foreign arrivals by 2 percent to 2.97 million and in the average... of Greek debt. 2 A harsh social reality Greece's economic and social deterioration can no longer
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingdropped by 2.8 and 2 percent respectively in the first half (H1) reflecting lower personnel.... Overall, the NPL formation in Greece reached 2 million in Q2 from 127 million in the previous quarter..., the fully-loaded Basel III CET1 ratio edged down by almost 50 bps QoQ to 16.2 percent. During
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Greece, lenders fail to make headway on fiscal and labour issues
EconomyProgrammeon the technical details of the fiscal issues such as the necessity for adopting measures worth 2... the Greek side. The Fund’s stance that additional savings of 2 percent of GDP, or 3.6 billion euros... there was a scheduled meeting on labour market reforms which lasted 50 minutes and was inconclusive. Labour Ministry
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