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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingin Q4 largely due to a rise in operating expenses, while the full-year figure also dropped by 3... to 1.32 billion, while excluding one-off expenses costs were down 3 percent on a recurring basis
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ESM takes stock of Greece's sovereign vulnerability
EconomyProgramme2 and 2.5 to elevated, between 2.5 and 3 to moderate and a score above 3 means low vulnerability
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Deposit interest rates broadly stable in March, average loan rate down slightly
EconomyMacroeconomymillion euros it edged up 3 bps to 4.82 percent. Following the movement in March, the corporate loan... bps to 2.76 percent, while the rate for loans to sole proprietors slipped 3 bps to 7.25 percent
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EC lowers growth forecasts, sees fiscal targets within reach
EconomyMacroeconomycompared to the imports’ growth (3 percent). For 2018, the EC also lowered its GDP growth forecast... respectively, taking into consideration the fiscal package worth 3 percent of GDP voted in May 2016
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The SEKAP case and extrajudicial debt restructuring
LegalThe law (N. 4469/2017) recently adopted by Greek Parliament, which was published on May 3 and introduces the opportunity of extrajudicial debt restructuring for natural and legal persons under... remembering that according to article 108 par. 3 of the Treaty for the Functioning of the European
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Debt deal eludes Greece and lenders, June 15 set as final deadline
PoliticsGreek Politicsmillion euros on July 3, 2.17 billion on July 17 and 4.03 billion to the European Central Bank on July 20... that, Greece would have to comply with the Stability and Growth Pact, which sets the fiscal limit at a 3
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingin revenues by 3 percent. Asset quality Non-performing exposure (NPE) formation turned positive...) contracted by 3 percent QoQ to 440 million, as the positive impact from lower funding cost
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Coalition turns to growth plan for relief from negativity, poor poll numbers
PoliticsGreek Politicsto exceed 2 percent of GDP this year and to reach around 3 percent or more next year, which is above... partner, Independent Greeks (ANEL) short of the 3 percent threshold for entering Parliament. ANEL
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EC recommends symbolic closure of deficit procedure as Athens mulls bond issue
PoliticsGreek Politicspercent in 2009 to a surplus of 0.7 percent in 2016,” it added, noting that this is well below the 3... is not projected to have a deficit greater than 3 percent of GDP for many years to come, meaning the EDP
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Greece announces return to markets with 5-year bond, mostly targeting swap
Economyas the total offers reached 3 billion, while the coupon stood at the high end of initial estimates. It is worth noting that the April 2014 issue of 3 billion later increased to 4.03 billion due to bond
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