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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingoperations excluded voluntary exit scheme costs of 94 million and restructuring costs of 7 million... loans, -43 million in mortgages and -7 million in consumer loans. The group NPE ratio fell by 210... (-29 million euros) and consumer loans (-1 million). This led the group NPL ratio to stand at 28.2
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Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments
EconomyBankingto an NPE ratio of 16 pct, from 45 pct at the end of last year. This is thanks to the 7 billion euros securitisations of Phoenix and Vega in Q2 2021, 7 billion euros of Sunrise 1 in Q3 2021 and 3... Sunrise transformation plan, which is due to be concluded with 1 billion euros of Sunrise 3 in early
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Newsletter 423 - 17/05/2024
for SYRIZA, 3 for PASOK, 2 apiece for Communist Party KKE and Greek Solution, 1 for Course for Freedom and 1 for New Left. According to the latest opinion poll by Interview for the Politic.gr website... is projected to win 11 pct, ahead of ultranationalist Greek Solution in fourth on 7 pct. The Communist
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From pipe dreams to power cables: the changing map of Greece's energy ambitions
Agorathe original version of the document which was adopted as recently as 2019[1]. Like most facets... event. Meanwhile the ripple effects of the October 7 Hamas attack are still unfolding. Before assessing... the high cost of investing gas as a “transition fuel”: imports cost the Greek economy 7 billion euros
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingstock by 37-38% by the end of 2019. This means that the bank committed to reduce its NPE stock of 20... 20 percent each to the total NPE cut, while write-offs will make up the remaining 40 percent... guarantee (pillar II) expenses. Operating expenses fell 1 percent QoQ to 247.3 million in Q3, while
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammeto be voted in the Parliament. Those measures, which are not quantified in the document, include: 1... a period of 30 days is set to at least 10 in companies employing more than 20 and less than 100 workers... of 90 days the number of mass layoffs may exceed 20 regardless of the number of employees. The draft
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Newsletter 217 -02/08/2019
for those on lower incomes and the middle class.” He said that those owning properties worth more than 1... payment will fall from 30 to 20 euros, while the interest charged on the amount owed will be reduced from 5 percent to 3 percent. Furthermore, businesses that owe up to 1 million euros (the original debt
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Newsletter 335 - 15/04/2022
taxes were rising by a rate of 1 billion euros monthly. It was always a concern that households.... Health Minister Thanos Plevris announced that from May 1 vaccination certificates will not be needed... will be able to operate at full capacity. From June 1, masks will not have to be worn indoors
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ND unfurls array of policies as it prepares for final stretch of campaign
PoliticsGreek Politicsmajority at the July 7 elections. The tax cuts that Kyriakos Mitsotakis has trailed for many months... since the last poll, while the support for the leftists has risen by 1 point. Movement for Change (KINAL) is in third place on 7 percent, the Communist Party (KKE) is in fourth with 5.5 percent
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Bound to lose
Agoramembers of Neo-Nazi Golden Dawn were convicted on October 7 of operating as a criminal organisation...-right party that entered Greek Parliament in 2012 with 18 MPs and almost 7 percent of the vote... be reduced to between 1 and 5 years or even suspended if the court accepts mitigating circumstances. When
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