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  1. Newsletter 80 - 01/07/2016

    Newsletters

    . Meanwhile, credit contraction remains unabated, with the drop rate accelerating slightly to 2 percent... related to suppliers, around 500 million to loans and leasing and 100 million to taxes and social... in April. Bank credit contracts Bank credit contracted by 2 percent in May, up from 1.9 percent a month

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  2. S&P affirms Greece’s rating with stable outlook

    Economy

    and cumulative privatisation proceeds of 2 percent of GDP in the next four years. Under optimistic assumptions... below 2 percent, the rating agency stresses it will take another 17 years before the Greek debt ratio falls below 100 percent. S&P views the last Eurogroup proposal on gross financing needs (GFN) relief

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  3. Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
    Photo by MacroPolis

    EconomyBanking

    to around 70 million in Q1, after a negative figure of 100 million in the previous quarter. However, NPE... and liquidations (4.5 billion). Selected sales are seen at 2 billion. P&L Net interest income (NII... increased by 2 billion QoQ to 8 billion in March, at a cost of -7 bps. The bank said it participated

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  4. European Commission keeps DSA broadly same, stresses need for relief

    EconomyProgramme

    developments. Inflation is seen at approximately 2 percent from 2014, which brings the nominal long-term..., with Greece already having paid back 2 billion euros from the sale of Finansbank by National Bank... percent in 2020. The ratio deescalates further to 127.2 percent in 2030 and below 100 to 96.4 percent

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  5. Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
    Image via www.eurobank.gr

    EconomyBanking

    , the figure declined by 0.9 percent for the group and by 2 percent for Greece. As a result, the cost... percent to 750 million, with a cost of risk of 2 percent versus 1.96 percent in 2016. As management noted... by 100 million euros. Greek deposits increased by around 300 million QoQ to 24.6 billion, while

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  6. Report exposes fractured and incomplete response to refugees

    Society

    million euros was allocated for a revised PHILOS 2 project, along with a 400-euro stipend for staff... short of the necessary numbers. At the end of May 2019, there were 100 doctors and other staff... the country that the PHILOS 2 project had envisioned. The report showed that as of May 2019, there was only

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  7. Newsletter 215 -19/07/2019

    Newsletters

    to announce 2 billion euros of spending cuts and savings to counterbalance the 6 billion euros in tax... (IoIs) exceeding 10.5 billion euros, before the book officially opening with a guidance of 2 percent... year. 2 Budget primary surplus at 382 mln Primary balance for June comes to a deficit of 534 million

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  8. Alpha Bank posts net profits of 4.7 mln in Q3
    Photo by MacroPolis

    EconomyBanking

    (-2 million). Overall, the NPE ratio stood at 45.5 percent at a group level, with the NPE coverage... operating expenses rose by 1.1 percent QoQ to 270 million, declining by 2 percent YoY to stand... billion euros QoQ. Loan balances in Greece stood at 42.1 billion euros, declining by 2 billion QoQ

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  9. Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
    Image via www.piraeusbank.gr

    EconomyBanking

    YoY. In the 9M period, NII came to 1.07 billion euros, higher by 2 percent YoY. Management noted..., reflecting a fall of 2 percent YoY and 3 percent QoQ. The cost-to-income ratio stood at 51 percent... at 800 million at the end of Q3 2019, down by 2 billion YoY. The bank fully eliminated ELA funding

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  10. New pension system, lower primary surpluses among govt targets for 2020
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    for supplementary pensions will be 100 euros per month. A senior ministry source told Ta Nea... creditors to reduce the fiscal target from 3.5 pct of GDP to between 2 and 2.5 pct. The government... forecast which put it at 2 percent, and the institutions and foreign banks which put it at 1.8-1.9

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