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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingguarantee (pillar II) expenses. Operating expenses fell 1 percent QoQ to 247.3 million in Q3, while... increased from around 5.5 billion in June to 7.4 billion in November. Pillar II bonds stood at 3... half of 2017. The total pillar II cost amounted to 15 million in Q3, of which 10 million burdened NII
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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBankingat 369.3 million. This was mainly due to lower Eurosystem funding and Pillar II utilisation. On an annual... in particular fell to 7.5 billion in November from 11.2 billion in June. As of late October, outstanding Pillar... of the bank.” he said. “In addition we eliminated the use of Pillar II guarantees, completing a cycle
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingof the law 3869/2010 backlog in 2019. Sales from Pillar and Cairo portfolios, worth 2 billion and 7 billion... the code name Pillar. The transfer of the 7-billion-euro pile is expected to cause capital... from capital markets, asset management, lending activities and the elimination of Pillar II guarantees
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Greece tugged down in WEF competitiveness ranking by financial system, institutions
EconomyFeaturesplaces compared to 2018. Within the worst-scoring pillar of financial system, in the subcategory..., and number 73 for road connectivity. Under the pillar of Institutions, Greece scored 85 overall, improving by two places since 2018. The worst scoring sub-components within this pillar came in at number
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Mitsotakis projects readiness and EU-backed strength as Tsipras questions policy
PoliticsGreek Politicslandscape. The government’s response has crystallised into a four‑pillar strategy - repatriation, defensive reinforcement, diplomatic coordination and economic contingency planning - but each pillar is now... to Turkey’s belated objections. The repatriation pillar has become a continuous, high‑intensity
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Company closures dropped sharply during the pandemic
EconomyFeaturesand retail trade; repair of motor vehicles and motorcycles” which saw 8,082 closures. While that may seem... actually dropped 18.9 percent. In fact, only one sector saw an increase in the number of closures in 2020: electricity, gas, steam and air conditioning supply, which saw an increase of 26.4 percent
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Small rise for Greek manufacturing PMI in November
EconomyMacroeconomy. The improvement in vendor performance is the longest such sequence for almost five years. Producer prices also
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Greek PMI edges up in March but exports, factory output fall
EconomyMacroeconomya rise in vendor lead times, partly attributed to stock shortages in the supply chains, the most
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Manufacturing PMI drops to 46.5 in April, lowest reading since June 2013
EconomyMacroeconomysuccessive month with the extent of deterioration in vendor performance being the most marked since January
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PMI falls to 46.9 pts in June in ten straight months of contraction
EconomyMacroeconomytrend albeit demand for inputs further slipped. The rate of deterioration in vendor performance
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