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Greek retail index dropped 4.3 pct in January
EconomyMacroeconomy. The only exception was evident in November 2013 when it stayed flat year on year (YoY), following... GDP rebound of 0.6 percent this year, the latest official forecasts call for a further drop
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Greek trade deficit up 12.6 pct in Feb as imports rise
EconomyMacroeconomyincrease in those from the European Union. Imports from third countries remained flat year on year.... In contrast, imports and exports to third countries dropped 7.3 and 10.6 percent respectively year
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Credit contracts by 4.1 pct in March, loans down by 3.4 pct
EconomyMacroeconomyThe year on year (YoY) credit contraction in the Greek market slightly accelerated to 4.1 percent.... Monthly net deductions remained flat MoM for the third straight month at 312 million. In particular...’ profitability and capital base this year.
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Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
EconomyMacroeconomyare seen stable at 21.4 billion in 2015-16 after easing by 400 million year on year (YoY) in 2015... remaining broadly flat in 2015, social security contributions are anticipated to surge by 1 billion... each year landing at 139.1 percent in 2018. The government’s forecasts for privatization proceeds
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Eurobank records net loss of 207.4 mln in Q1
EconomyBankingyear on year but only QoQ. Higher PPI QoQ at 194 million in Q1 is fully attributed to lower costs... in Greece. As a result, the loan to deposit ratio remained flat QoQ at 109.3 percent. Despite deposit... to purchase the state preference shares “anytime soon” given that 2014 will be the last year the bank
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Eurostat 2012 figures raise questions about Greece's tax policy
Economy, the Greek implicit consumption tax rate remained flat year on year at 16.2 percent remaining 3 pps.... The year to date outperformance is also due to revenues beating targets by 1.6 percent. That said
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankinginterest margin (NIM) reached 2 percent. On the cost front, operating expenses remained almost flat QoQ, yet dropped 10.7 percent year on year (YoY) in the first half, mainly attributed to an 11.3 and 12.4... ratio further rose to 51.1 percent from 50.3 percent in Q1 and 43.4 percent last year. Eurobank’s
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Credit in Greece contracts by 3.5 pct in August
EconomyMacroeconomyin August, which is the second lowest reading so far this year. In July, net deductions stood at 1.16.... The August figure is the third lowest reading so far this year. Housing loan balances declined 3 percent... percent in July. Balances remained almost flat MoM at 27.6 billion euros with net deductions
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Greek banks' Eurosystem funding rises by 1.28 bln in October after five-month fall
EconomyMacroeconomyflat month on month at 6.4 billion. This was the first increase in ECB funding since April. Despite the upward movement in October, the year to date drop in Eurosystem funding reached 29.16 billion... this year was mainly evident after their capital increases of 8.3 billion euros and is also attributed
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankinga sharp rise in loan provisions to 2.24 billion from 957 million in the first half of year. According... year on year (YoY) to 273 million. This reflects an improvement in the top line with net interest... percent in Q3 from 107.9 percent in Q2. Eurosystem funding remained flat QoQ for the second successive
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