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Newsletter 168 -29/06/2018
is seen levelling off at 1 percent in the long-term, which translates into a 3 percent long-term nominal growth rate, assuming that inflation will reach 2 percent in 2023 and remain at the that level... and trends in total factor productivity, as captured in the adverse scenario. The Commission concludes
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Newsletter 375 - 24/03/2023
expired is on July 2. Mitsotakis suggested that it was never in his thinking as picking that date... privatisation receipts are expected at 2 billion euros, and 2.2 billion euros of cash reserves will also get put to the cause, to cover a total of 15.4 billion euros of funding needs. At the end of January
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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomythe weighted average rate on total new deposits eased by 1 bp to 0.42 percent, which represents a new record... percent. On the flipside, interest rates for corporate loans above 1 million euros edged up by 2 bps...Greek households’ new time deposit rate edged up by 1 basis point (bp) to 0.86 percent in June from
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBanking. Provisions are seen close to 1 billion in 2017. Balance Sheet Eurosystem funding fell by 2 billion...Alpha Bank’s reported net profit stood at 1 million in the second quarter (Q2) of 2017 including... at 26 billion, the NPE stock has to be reduced by another 1 billion in H2, with the management stating
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBanking, representing a rise of 2 percent year-on-year (YoY). Asset quality NPEs fell by around 800 million euros... of this year. A total of 3.5 billion euros worth of portfolio sales are in the pipeline for 2020. These consist..., unchanged QoQ and representing a rise of 2 percent year-on-year (YoY). Management noted
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBankingbegun operation. Compared to the Bank’s 27 billion euros NPE pile, a total of 18 licensed credit... stock on its balance sheets with the total currently standing at 26.1 billion. NPL stock stood at 17.36 billion. The Bank plans to securitise a total of 6 billion euros in bad loans by 2021. Bad loan
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General govt primary cash deficit of 9.07 bln in October, arrears drop by 250 mln
EconomyMacroeconomyeuros, bringing the total figure to a surplus of 171 million euros. The equivalent figure for the same... largest fall was in sales of non-financial assets with a decline of 1.33 billion, taking the total... taking the total to 17.87 billion. Other revenue showed a milder decline of 130 million euros, while
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBanking2017. Net interest income (NII) rose by 2 percent quarter-on-quarter (QoQ) and came to 355 million... and had a total gross book value of 1.8 billion. Two further bad loan portfolio sales are also on schedule with a total gross book value of 1.7 billion euros. These are code named Project Nemo, (secured
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Newsletter 100 - 16/12/2016
that it is not willing to countenance the idea of adopting further measures to close the 2 percentage point fiscal gap... in Berlin on Friday with the impression that the IMF’s demands for another 2 percentage point..., albeit at a much slower pace of 1 percent in September, down from 16.6 percent in August. The absolute
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Alpha Bank and Eurobank start new year with further bad loan sales
EconomyBankingended December with an announcement that it had sealed a deal to sell 1 billion euros of its non... unsecured NPLs (Mercury project) with a total outstanding balance of 2.1 billion euros and a total... pile. The merger also meant that Eurobank is now the best capitalised bank in Greece, with total
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