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Newsletter 169 -06/07/2018
that it will be enough to secure enough votes to gain more than 3 percent in the elections and enter Parliament. New..., growing by 2 percent this year, 2.3 percent in 2019 and 2.4 in 2020. As employment conditions improve.... Employment is expected to grow by 2 percent annually, taking the unemployment rate to 16.5 percent
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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 leasing exposures). P&L As mentioned, NII rose by 2 percent in Q4 to 355 million euros and declined..., while on a quarterly basis NIM was stable at 243 bps. Net fee and commission income was up 2 percent
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingstaying negative for a tenth quarter. A very slight increase in NPE formation of 2 million euros... and 2021. Reductions in 2019 are expected to come from the sale of the Pillar portfolio (2 billion... (-14 million) and consumer loans (-3 million). An increase of 19 million euros was noted
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingfor overall operations. Pre-provision income (PPI) rose by 3 percent quarter-on-quarter (QoQ) to 214 million... euros, representing a rise of 2 percent year-on-year (YoY). Asset quality NPEs fell by around 500... and 2 percent YoY. Management noted that 2 billion euros in new loans that were disbursed in the final
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Newsletter 215 -19/07/2019
the minimum monthly payment from 30 to 20 euros and reducing the interest rate from 5 to 3 percent... to announce 2 billion euros of spending cuts and savings to counterbalance the 6 billion euros in tax... (IoIs) exceeding 10.5 billion euros, before the book officially opening with a guidance of 2 percent
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Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
EconomyProgramme to 2.8 percent. At the same time, the estimate for this year’s growth is revised down to 2... rising to 61.73 billion, from 55.6 billion in 2019, offsetting the drop in T-bills by 3 billion. Loans...’s macroeconomic assumptions. According to the council, the 2 percent growth projection for 2019
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Newsletter 234 -10/01/2020
with an agreed maturity of up to one year decreased by 3 bps to 0.36 percent. 2 Unemployment at 16.6 pct... if it is lowered to 2.5 pct this would create 2 billion euros of extra fiscal space. The primary surplus... corporations came to 4.34 percent in November, up by 2 basis points (bps) from the rate of 4.32 noted
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Overall loan interest drop to 4.30 pct in February
EconomyMacroeconomyaverage interest rate on all existing loans dropped by 2 bps to 3.95 percent. The spread between... and overdrafts rose by 3 bps to 14.65 percent. The average interest rate on consumer loans... on corporate loans without a defined maturity decreased by 2 basis points to 4.68 percent, while
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GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
EconomyMacroeconomy2015, when there was a drop of 2 percent. Compared to Q1 in 2019, GDP shrank by 0.9 percent... fixed capital formation declining by 8.4 percent QoQ, while gross capital formation rose by 3... QoQ and by 2 percent YoY. As mentioned, these movements led final consumption expenditure to fall
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General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln
EconomyMacroeconomygovernments (-14 million), state budget (-8 million) and hospitals (-3 million). Since the start... euros. The movement largely stemmed from a rise of 2 billion euros in repos which came to 32.06 billion... euros was seen in T-bills, making up 3.6 percent of the total. Bonds showed a rise of 2 million
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