Search
-
Rate of drop in apartment prices picks up again in Q2
EconomyMacroeconomyAfter decelerating in the preceding seven quarters, the drop in Greek apartment prices accelerated.... Apartment prices also fell quarter on quarter (QoQ) for the seventeenth successive quarter by 3.4 percent, which is the fastest pace since Q3 2012. As a result, the index of apartment prices dipped
49% -
Apartment prices fall at an accelerating pace of 6.1 pct in Q3
EconomyMacroeconomyGreek apartment prices fell by 6.1 percent in the third quarter (Q3) of 2015, at an accelerating... successive quarter since Q1 2009. Apartment prices also declined quarter on quarter (QoQ) for the 18th.... In absolute terms, the index of apartment prices fell to a new historic low of 60.1 in Q3
49% -
Apartment prices down by 5.4 pct in Q4 and 5.1 pct over whole of 2015
EconomyMacroeconomyGreek apartment prices decreased by 5.4 percent in the fourth quarter (Q4) of 2015, at a slightly... in Q4 from decline of 1.4 percent QoQ in Q3. In 2015, apartment prices declined for the 7th consecutive.... In absolute numbers, the index of apartment prices dropped to a new historic low of 59.8 in Q4. Since hitting
49% -
Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingquality front, the bank reported a negative non-performing loan (NPL) formation for the first time since..., the NPL stock edged down for the second straight quarter by another 0.5 billion to 26.4 billion at the end of March. However, due to the continued deleveraging, the NPL ratio edged up to 39.8 percent
48% -
Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingbps QoQ. The domestic non-performing loan (NPL) edged down to 7.1 billion euros in Q2 from 7.5 billion euros in Q1. This led the group NPL ratio to stand at 20.9 percent. The NPL coverage ratio stood... to 44.4 percent. Total coverage stands at 101.3 percent. NPL balances in Greece declined by 1.6 billion
48% -
Apartment prices rise 3.2 pct in Q1
EconomyMacroeconomy. Apartment prices in Greece began to decline in the first quarter of 2009. The biggest annual fall was posted.... The sharpest quarterly rate of decline was seen in Q1 2012, when apartment prices showed a YoY drop of 12.8 percent. Since Q1 2018, apartment prices have retained an upward trajectory, reflecting
48% -
Government feels the heat after two days of catastrophic wildfires
PoliticsGreek Politicsthreatening Greece’s third largest city, the port of Patra. Opposition parties have responded angrily... of the public mood, New Democracy MP Sofia Voultepsi enraged seasonal firefighters by suggesting in a TV... of Germany and Austria which she said use a larger proportion of volunteers to permanent fire service staff
48% -
Is Greece on track to decouple from fossil gas?
Agoraamong the EU-27, outperforming both the European average and countries such as Germany, Austria... this solution, the cost of district heating for the citizens of Greece’s largest lignite city (Kozani... by 2035. With such a target Greece will join countries such as Austria, Denmark, Lithuania, Luxembourg
47% -
Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBanking-performing loan (NPL) ratio dropped QoQ to 33 percent from 33.6 percent in Q3 and mainly results from write-offs of 800 million euros in Q4. Excluding write-offs, the comparable NPL ratio would have increased to 33.8 percent. The NPL formation peaked in Q4, after a decelerating trend in the preceding
47% -
Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agoraissue of asset quality, Piraeus recorded a negative non-performing loan (NPL) formation for the second straight month, Eurobank’s figure turned negative for the first time, while NBG posted marginal NPL formation of just 2 million euros in Q2. Overall, the four banks recorded a negative NPL formation
47%