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Newsletter 89 - 23/09/2016
percent, just shy of the 600-euro mark, while foreign arrivals increased by 5.8 percent to 4.66 million... in capital goods grew at the double-digit rate of 14.4 percent, with consumer durables and intermediate... to lower net transport receipts, mainly attributed to capital controls. Travel receipts fell
7% -
Stocks up by 4.7 pct, rising for third straight week
Economywith the turnover well above the 100-million-euro mark in the first four sessions, while slowed to 74... of capital controls on Thursday, recording the longest positive streak (13 gaining sessions in a row... share capital surpassed the 5-percent threshold and stood at 5.023 percent. Folli-Follie Group (FFG
7% -
Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingprofit of 49 million euros in Q3 2019. The latest results mark a sixth consecutive quarter where net... increased by 6 percent. Overall deposits stood at 47.4 billion euros in 2019. Capital The pro-forma CET1 ratio as of Q4 2019 was 14.8 percent and total capital ratio at 16.8 percent proforma
7% -
Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year
EconomyMacroeconomythe 4-percent mark forecast by the Greek government and latest European Commission estimates published... fixed capital formation was another factor negatively affecting GDP evolution. It plummeted 12.8... to 2007, mainly due to a slump in gross fixed capital formation by 64.4 percent and a 23.7 percent
7% -
National Bank posts net loss of 1.1 bln in Q4
EconomyBankingthat, despite the year to date deposit outflows, the group ratio still stays below the 100-percent mark... in Q4 and excludes state preference shares as well as committed future capital actions. These mainly... plan envisaged the disposal of a 26.9 percent stake, 20 percent via capital increase and 6.9 percent
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Referendum and the ECB to determine the future of Greek banks
Economycollaterals stands slightly above the 190 billion mark. In case of a ‘No’ vote, or a ‘Yes’ vote... forced a bank holiday and capital controls until July 6, one day after the referendum. This means... and in the absence of the 10.9 billion of HFSF capital buffer, it is not clear how banks could
7% -
Credit contracts at slower pace of 1.7 pct in June, monthly loan flow positive
EconomyMacroeconomy. The rate of contraction remains above the 3-percent mark at 3.4 percent in June. Consumer credit... of non-performing loans (NPLs), which will determine to a large extent their possible capital needs... pointing to a further rise as of Q3 amid the imposition of capital controls at the end of June
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A breakdown of the funding needs involved in Greece's third bailout
EconomyProgrammefinancing since August 2014, state deposits fell below the 1 billion mark by the end of May... and the imposition of capital controls, the fundamentals of Greek banks have deteriorated. As a result, institutions expect that the domestic banking system would require a capital injection up to 25 billion
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Rebound of 9.38 pct on Tuesday almost erases Monday's Greek stock losses
Economymark for the second straight session.... this week, while the drop since the end of June, when capital controls were imposed, stands at 22 percent... restrictions on domestic investors due to the capital controls are still taking their toll Bonds
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Lack of new orders and sharp drop in production lead to weak PMI in August
EconomyMacroeconomyreadings in history. The weak PMI in August – well below the neutral 50-point mark – was driven by a lack... pace in August also due to the capital controls. Manufacturing employment continued falling in August... further rose in August, also on the back of the capital controls, while output prices continued falling
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