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Parties gear up for vote on bill permitting private universities
PoliticsGreek Politicsbefore receiving an email from the Interior Ministry regarding the postal vote. The inference... available and does not contain contact information. The Interior Ministry issued a statement denying
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Data protection ruling adds to pressure on New Democracy from ranks
PoliticsGreek Politics-Michelle Asimakopoulou to obtain the contact details of overseas voters from the Interior Ministry... of State. In May, the Interior Ministry received a fine of 400,000 euros and Asimakopoulou herself
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Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBankingsegment (+9 million). Overall, the Greek NPL stock fell to 18.5 billion euros in September, landing... Equity Tier 1 (CET1) ratio stood at 17.8 percent, down by 9 bps QoQ. This was the result of lower prices on the available-for-sale portfolio (-9 bps) and the increase of risk weighted assets due
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BoG sees banks on right path, warns impact of pandemic not visible yet
EconomyBankingas roughly 9 billion euros of NPEs are under protection or payment accommodation, for instance the Gefyra... and turn sour. Additionally, BoG notes that 40 pct of NPEs and 9 pct of performing loans are forborne, always at risk of the payment settlement coming under strain. Also, according to IFRS 9, high-risk
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Mitsotakis tempers expectations for EP vote, Kasselakis talks up prospects
PoliticsGreek Politicsis on course to get upwards of 30 pct on June 9. There have been some suggestions that this would... expectations for his party’s performance on June 9. The opposition leader is currently touring the Greek... over the last few weeks are completely wrong, there is no prospect of SYRIZA winning the June 9 vote
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Clearer picture emerging ahead of stress tests, banks appear confident
EconomyBankingabout the implementation of the new provisioning standards in IFRS 9. According to sources, Greek... in two months, will incorporate the TAR findings and the new IFRS 9 standards. The new accounting... realised. According to local media, Greek banks estimate the IFRS 9 standard to result
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingbillion in March from 9 billion in September as a result of improved deposits, particularly... to 109.6 percent also, down from 117.6 percent in 2016. IFRS 9 As part of part of the new IFRS 9 implementation Greek banks are expected to increase provisions by roughly 6 billion euros. The IFRS 9
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingdeposits rose by 2.9 percent. IFRS 9 As part of part of the new IFRS 9 implementation Greek banks are expected to increase provisions by roughly 6 billion euros. IFRS 9 becomes effective as of 2018, but can be adopted earlier. Alpha Bank noted an IFRS 9 impact of 1.1 billion euros after tax, or 230
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Polls provide little comfort for opposition parties ahead of EP elections
PoliticsGreek Politicspublished ahead of the June 9 elections as they have started to consistently show that New Democracy... that they will not vote on June 9. However, a breakdown of the numbers shows that interest in next month’s ballot... the party on June 9 did not vote in the last elections because they were too young. This creates some
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Mitsotakis has ground to cover after election disappointment as progressives ponder future
PoliticsGreek Politicsthat the government has convincing responses to the concerns raised by the June 9 vote in which... not participate in the June 9 election, where the turnout was just above 40 pct, refused to take party... that Mitsotakis should call snap elections as a result of the June 9 result. Only 9 pct of ND voters believe
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