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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economyrate falling to 1.11 percent in August from around 1.8 percent in the first half of the year... loans were kept almost flat QoQ at 52.8 billion, while deposits dropped by more than 11 percent QoQ
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Time deposit rate slips 12 bps in Oct, average loan rate rises by 29 bps
EconomyMacroeconomyAfter remaining almost flat in September, Greek households’ new time deposit rate fell by 12 basis points (bps) to 1.06 percent in October, Bank of Greece (BoG) data showed on Wednesday. The October... increase so far this year.
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Central government debt edges down to 321 bln in Q1
EconomyInvestment Bank (EIB), stayed flat at 7.41, while Bank of Greece holds loans of 3.79 billion, unchanged...-term (up to 1 year) and medium-term (1 to 5 years) debt. It is worth noting that Greece’s cash
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S&P affirms Greece’s rating with stable outlook
Economyestimates that Greece’s debt to GDP ratio will peak at 179 percent this year, while is expected to fall... its previous estimate for flat growth, weighed by “additional fiscal drag, blocked banking system
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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomyof 10-20 bps in the new time deposit rate by the end of the year. The headline figure in Greece stands... any material change in July, the weighted average rate on total new deposits remained flat at 0.42
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingestimates CoR to land at 140 bps for the whole year. Cumulative provisions marginally fell to 17.31 billion euros in Q2 from 17.38 billion in Q1 and correspond to 26.2 percent of gross loans, flat QoQ
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Greek stocks rebound 2.1 pct, banks climb 5.7 pct
Economystraight week, on continued lack of investor interest, with the average daily turnover staying flat... of electricity supplied from PPC to Aluminium of Greece. Jumbo releases its full year 2015/2016 results
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Trade deficit drops at an accelerating pace of 16.1 pct in October
EconomyMacroeconomylanding at 4.09 billion in October, which is the second highest reading in the course of the year.... In contrast, imports stayed flat at 36.21 billion. The geographical breakdown of the 10-month
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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
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Key obstacles remain in bailout negotiations for pressured govt
PoliticsGreek Politicsof the institutions was put off, though. The latest GDP figures, which showed that the economy remained flat last year, defying recent forecasts for marginal growth, have undoubtedly put more pressure in Athens
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