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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomyany material change in July, the weighted average rate on total new deposits remained flat at 0.42... with the most notable increase for amounts less than 250,000 euros, where the rate climbed 50 bps... bps higher than the average euro area rates. In the household lending sector, a marked rise of 31
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingbillion euros in Q2 from 17.38 billion in Q1 and correspond to 26.2 percent of gross loans, flat QoQ.... Gross loans slipped by more than 100 million euros QoQ to 66.19 billion, while deposits increased... formation of more than 500 million in H2.
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Newsletter 102 - 13/01/2017
the Greek government suggest that the target for completion is the February 20 Eurogroup, rather than... Airport), which corresponds to around 3.6 million more than those in 2016. Most of those incremental...) remained flat in December, following a decrease of 0.9 percent in November. The December figure
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Central government debt rises to 326.4 billion on ESM disbursement
EconomyMacroeconomy(SMP programme) and the European Central Banks (ANFAs). T-Bills stayed almost flat QoQ at 14.89... than 5 years) debt made up 80.3 percent of total, while short-term (up to 1 year) and medium-term (1..., Greece’s cash deposits slipped by more than 200 million euros QoQ to 2.79 billion at the end of 2016
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Stable deposit rate in Jan, slight uptick in loan rate
EconomyMacroeconomyrate for amounts lower than 250,000 euros remained almost flat at 5.27 percent and that for amounts... in January, the corporate loan rates in the Greek market still stand more than 250 bps above
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Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017
Agorawas reduced by more than 2.2 billion QoQ to 80.4 billion euros, with the NPL ratio landing at 34.8... at a slower rate than NPLs. It declined by 1.6 billion euros QoQ to almost 112 billion, while the NPE... stayed almost flat QoQ in Q4, while the full year figure edged up 0.9 percent. The NII performance
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ESM takes stock of Greece's sovereign vulnerability
EconomyProgrammevalues for the scores, ESM noted that a score of less than 2 corresponds to high vulnerability, between... to 2 (from 1.5). In addition, it remained broadly flat in private leverage, credit and real estate... best score of 2.4 in the fiscal position category is higher than that for Spain and Portugal
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBankingfor the third successive quarter. Net profits more than doubled to 48.1 million euros in Q1 from 20.1.... During the conference call, management reiterated that it expects NII to stay flat in the course... by more than 100 million to 33.1 billion. The bank noted that Q1 deposits were positively affected
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomyprogramme review, the Central Bank funding has been slashed by 38.79 billion with more than 62 percent.... The Eurosystem funding composition stayed broadly flat from the previous month with ELA funding making.... Nevertheless, they still stand more than 11 billion above the November 2014 figure of 30.14 billion
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MTFS outlines ambitious economic and fiscal road for next four years
EconomyProgrammebalance. According to the finance ministry, Greece will grow by 2 percent in 2018, lower than its... percent in 2022. All estimates are marginally lower than last year’s MTFS when the economic recovery..., to 6.9 billion in 2022, but will stay broadly flat at around 3.3 as a percent of GDP. These forecasts
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