Search
-
Newsletter 61 - 05/02/2016
of understanding target for pension cost savings of 1 percent of GDP (1.8 billion) in 2016... numbers rose slightly, output charges and input costs decreased. 2 Counting the cost of migration European integration will depend on how burden of cost is shared Fortifying border management is a costly
5% -
Unresolved pensions issues complicate the fiscal front
EconomyProgrammeto the Auxiliary Insurance Fund for Public Sector Employees (TPDY). The incremental annual cost..., of which 2.91 million were main pensions with a monthly cost of 2.1 billion and 1.65 million were supplementary pensions with a monthly cost of 279 million. This entails an annual pension cost of 28.54
5% -
Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingexceptional costs of 163 million euros in Q4 of which 110 million relate to cost provision of a new voluntary exit scheme, 35 million to resolution fund’s cost and 19 million to other one-off costs... billion for the full year, on higher funding cost related to increased reliance to the Emergency Liquidity
5% -
NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingdeposit cost in the Greek market driven by time deposit repricing and deposit mix rebalancing. In contrast..., NII fell 5 percent to 1.91 billion euros. It was mainly dragged downwards by the higher ELA cost... of waiver on Greek government securities and lower deposit cost. Fee income strongly rebounded by 18 percent
5% -
Government hopes offer of tax breaks and grants will spark growth boost
EconomyMacroeconomyfor up to seven years of the leasing cost of new equipment, subsidy of the new job positions’ payroll cost and funding of the business risk. The minimum required amount of investment that would be included... or external funding under the condition that 25 percent of the total investment cost does not include any
5% -
Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
EconomyBankingcost was offset by lower loan and bond NII. Going forward the management expects NII to remain broadly stable as the anticipated ongoing drop in funding cost would be counterbalanced by further decrease... QoQ to 257 million in Q3 entailing a cost of risk (provisions over gross loans) of 168 basis points
5% -
Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingdown 0.5 percent QoQ to 453.2 million in Q4 as the positive impact from the lower funding cost... declined by 73 percent to 925 million for the whole year. As a result, cost of risk (provisions over net..., aggressive cost management and lower cost of risk, while foreign asset disposals are estimated to have
5% -
Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBanking) contracted by 3 percent QoQ to 440 million, as the positive impact from lower funding cost.... The cost of risk stood at 2.2 percent in Q1 and management expects a lower figure between 150-200 bps... increased by 2 billion QoQ to 8 billion in March, at a cost of -7 bps. The bank said it participated
5% -
Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankingfunding cost. The management expects NII to remain stable for the whole year, on the back of loan spread compression offsetting the anticipated lower deposit cost. Meanwhile, commission income rose... to a slight reduction in the cost to income ratio to 49.4 percent in Q2 from 49.7 percent in the previous
5% -
NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBanking, meaning that the time deposit cost is expected to be reduced in the next few quarters. Furthermore... to the hedging of ‘Titlos’ security. The management expects this hedging cost at around 30 million per... figure declined by 8.8 percent year on year in Greece and by 8.3 percent for the group. Cost
5%