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Eurobank reports net loss of 301.1 mln in Q2
EconomyBanking, the underlying net loss stood at 186.2 million euros, which was slightly lower than the 189.3 million posted... interest margin (NIM) reached 2 percent. On the cost front, operating expenses remained almost flat QoQ... improved by more than 3 percentage points QoQ to 54.6 percent in line with its domestic peers. The non
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Greek deposit and loan rates slide in September
EconomyMacroeconomythe 1.20 percent average rate in the eurozone and more than 50 bps higher than the respective rate... than 50 bps higher than the eurozone average rate, while the rate for consumer loans without a defined maturity (mainly credit cards) remained flat at 14.46 percent. The rate of loans to sole
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Greek budget primary surplus up to 3.53 bln at end of November despite revenue shortfall
EconomyMacroeconomy, 673 million better than target. The overperformance is down to lower expenditure (by 1.35 billion) and the Public Investment Budget (PIB) deficit (by 297 million) more than offsetting the continued... higher than November’s last year), all indications point to a revenue underperformance for the whole
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Greek primary budget surplus halved in Jan as revenues miss target
Economyexpenditure was almost 100 million better than target. A similar pattern was also evident in the budget... billion short of target. Primary expenditure rose 4.9 percent to 3.1 billion, 53 million better than target. Note that the 2015 budget envisaged primary expenditure to remain almost flat (-0.1 percent
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Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
EconomyMacroeconomy. The disclosed figure is in line than the flash estimate announced by ELSTAT on May 13. Today’s... consumption remained flat QoQ and rose 1.6 percent YoY in Q1. Last year, household consumption had... a cumulative drop of more than 24 percent since 2008. This mainly results from a nosedive
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economyloans were kept almost flat QoQ at 52.8 billion, while deposits dropped by more than 11 percent QoQ... banks in Q2. Piraeus Higher Emergency Liquidity Assistance (ELA) costs more than offset lowering..., though, that the NPL formation more than halved to 111 million in Q2 from 264 million in Q1, while
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Newsletter 68 - 01/04/2016
it will provide some respite for the government, which is struggling to cope with the more than 50,000... also scuffles on island hot spots and at Idomeni, where there are still more than 10,000 people... fall flat on their faces, SYRIZA leader Alexis Tsipras somehow thought it would be a good idea
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Q1 GDP contracts 0.4 pct QoQ and 1.3 pct YoY, broadly in line with estimates
EconomyMacroeconomyfigure is slightly better than polls pointing to a GDP contraction of 0.5 pct QoQ, while... displayed in the YoY comparison with GDP down 1.4 percent in Q1 slightly higher than the 1.2 percent... percent, much softer than anticipated last summer on the back of resilient private consumption
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Central government debt edges down to 321 bln in Q1
Economyof December and currently make up more than 68 percent of central government debt. The bulk of FSM... remained unchanged QoQ at 14.88 billion, making up 4.6 percent of debt, while repos edged up by more than... Investment Bank (EIB), stayed flat at 7.41, while Bank of Greece holds loans of 3.79 billion, unchanged
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Newsletter 85 - 05/08/2016
the beginning of the year, arrears have grown by 1.23 billion, corresponding to a rise of more than 20 percent... or more than 900 million compared to the figure of 5.89 billion in the corresponding period last year... the Georgiou case as an “open wound”. He is right, but not for the reason that he suggests. Rather than
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