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  1. Strong start for Greek stocks but they end week down 3.4 pct

    Economy

    submitted to the Single Supervisory Mechanism (SSM) of the ECB, while SSM response is reportedly due... EBIDTA also fell by 5.7 percent to 350 million. However, net profits rose by 13.3 percent to 78.3... percent to almost 60 million. Nevertheless, net profits sharply dropped by 56.6 percent to 12

    5%
  2. NBG boosts capital base by selling total stake in Finansbank
    Photo by MacroPolis

    EconomyBanking

    to the relevant approval by the Single Supervisory Mechanism (SSM). CoCos bear an annual coupon of 8 percent...-provision income (PPI). In addition, the group’s net loans are set to decrease by 17.5 billion euros... but third (from first) in terms of net loans. Note also that NBG’s ELA cash liquidity buffer improves

    5%
  3. Newsletter 61 - 05/02/2016

    Newsletters

    -employed, which would rise to 38.5 percent of their net income from a fixed amount (not linked to income... the single largest gateway to other destinations further north in 2015, in particular towards Germany... integration process. If the existing fault lines between net contributors and recipients, northern

    5%
  4. Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
    Photo by MacroPolis

    EconomyBanking

    Piraeus became on Wednesday the third Greek bank to report a net loss in Q4 of 2015 after declaring.... Net interest income (NII) remained stable QoQ at 463 million, while fell by 4 percent to 1.88... indicating that Piraeus (as well as Attica Bank) is under scrutiny by the ECB’s Single Supervisory

    5%
  5. Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
    Photo by MacroPolis

    Agora

    core banks posted net loss at the bottom line largely due to one-offs, higher provisions and seasonally increased operating expenses. Starting from the top line, net interest income (NII) rebounded 0.9..., the single most important risk for banks’ fundamentals this year relates to NPL management, which could

    5%
  6. Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues

    EconomyMacroeconomy

    in net revenues by more than 800 million. In addition, the 2-month primary surplus outperformed... taxes) up to 218 million (property taxes). The latter mostly relates to lower revenues from the single... million in the 2-month period. This was 45 million short of the target. Overall, net revenues rose by 11.1

    5%
  7. Newsletter 79 - 24/06/2016

    Newsletters

    euros for Greek banks, with an estimated positive impact of 75–90 million on their net interest... billion. The latter mostly reflects lower net transport receipts, while travel figures also did... by 34.9 percent, while single-digit drop rates were recorded in intermediate (-6.6 percent

    5%
  8. Newsletter 81 - 08/07/2016

    Newsletters

    fiscal mechanism is activated, the net fiscal savings from expenditure cuts will be calculated after... institutions that the government has cleared net arrears for an amount equivalent to at least 80 percent... thus define the strategic priorities of AIA. But the stake cannot be seen as a single unit. Rather

    5%
  9. Lower bad loan provisions and increased write-offs for Greek banks in Q2
    Photo by MacroPolis

    Economy

    of the comprehensive assessment conducted by the European Central Bank’s Single Supervisory Mechanism.... As a percentage of net loans, provisions remained nstable quarter on quarter (QoQ) at 21.7 percent in Q2... focus remains on the asset quality trends as well as on the evolution of net interest income

    5%
  10. Bank credit contracts by 1.7 pct in September on loan deductions of 355 million

    EconomyMacroeconomy

    at the end of September, which is the lowest reading since June 2007. The monthly net deductions slowed.... The net lending flow turned slightly positive after the extended deductions of 602 million posted... percent in the corporate and housing loans, respectively. The single most important impediment

    5%