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Lenders confident of being well-placed to overcome global banking sector turbulence
EconomyBankingcompleted a round of annual results for 2022 with combined net profits for the sector at 3.8 billion euros, while net interest income, assisted by the tight monetary policy by the ECB and repeated rate hikes, it jumped to 5.5 billion euros. Balance sheets are also in a much healthier position
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Budget reaches 8.63 bln primary surplus in 2024 thanks to tax outperformance and underspend
EconomyMacroeconomypayments and the public investment budget, came to 55.46 billion euros. Net revenues were 74.04 billion.... Revenues At 74.04 billion euros, net revenues are above the target by 1.15 billion euros. Taxes beat... million. Overall, the PIB balance landed at a deficit of roughly 5.5 billion euros. Greece also received
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Final budget data for 2024 affirms solid surplus due to strong revenues, 2.75 bln underspend
EconomyMacroeconomyto 55.46 billion euros. Net revenues came to 74.11 billion euros. The total budget balance for 2024 showed... is better than the target by 3.97 billion euros. Revenues Net revenues at 74.11 billion euros are above.... Overall, the PIB is in a roughly 5.5 billion euros deficit. Greece has also received 1.16 billion
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Newsletter 453 - 28/02/2025
). They are followed by Course for Freedom on 8.2 pct, SYRIZA on 5.5 pct and Voice of Reason on 5.2 pct. Greek... by over 7 points. Deposits Deposits contracted sharply in January with a net decrease of 4.79 billion... was 121.41 billion euros. The corporate lending balance’s net monthly flow was negative by 1.42
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General gov't primary cash surplus to April at 1.69 bln
EconomyMacroeconomyto 328.7 billion at the end of April. The year to date movement of 7.3 billion reflects a net increase in long-terms bonds by 1.2 billion and a net rise in short and long-term loans by 1.1 and 5 billion... to 5.3 billion at the end of April from 5.18 billion at the end of March. The net increase of arrears
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General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
EconomyMacroeconomypercent. Since the beginning of the year, the net increase of arrears amounts to 489 million euros... billion at the end of 2013. The evolution so far in 2014 incorporates a net decrease in the long-terms bonds by 8.2 billion counterbalanced by a net increase of 4 and 4.3 billion in short- and long
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyby announcing a net loss of 94.4 million from 207 million in Q1 2014 and 523.7 million in Q4. Note, though... at 463.2 million. However, net interest income (NII) fell 5.4 percent QoQ to 372.8 million on higher ELA... increasing within 2014, the net interest margin (NIM eased to 1.95 percent in Q1 from 2.11 percent in Q4
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Credit contraction slows to 1.5 pct in Sept on marked drop in corporate loan deductions
EconomyMacroeconomyto 96.59 billion, while the monthly net deductions are the lowest over the past three months. Since.... Note though that the monthly evolution shows high volatility. Loans to sole proprietors eased 1.1... in September with balances reaching 95.09 billion euros. Net deductions slipped to 237 million
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingNBG concluded on Tuesday the release of Greek core banks’ fourth quarter (Q4) results, posting net.... Net interest income (NII) edged up 1 percent QoQ to 474 million euros, largely due to lower... guided for a sharp reduction in cost of risk (provisions over net loans) from 329 bps in Q4 to 150-170
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Newsletter 73 - 13/05/2016
surplus widened to 3.22 billion in Q1 from 1.1 billion last year, reflecting an increase in revenue... 38 months. Housing and transport prices, which fell by almost 5 percent, fuelled April’s drop. Net hirings up in April Greece saw net hirings of 90,631 in April, up by 10,408 compared
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