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Piraeus Bank issues Tier II bond to strong demand
EconomyBankingof increasing Piraeus Bank’s total capital ratio by around 90 bps. The issue has been rated Caa3 by Moody’s and CCC by S&P. Bids landed at over twice the asking amount, with a total of 135 investors... euros on Wednesday. In total, bids of over 850 million euros were submitted. On its website, the bank
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Newsletter 216 -26/07/2019
7.1 percent higher than for the same time last year. During the first six months of the year, total... to roughly 2.4 million visitors during the month. In total, arrivals from the EU 28 countries fell... a rise of 8 percent YoY. In total, arrivals edged down 0.9 percent in the first five months
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Newsletter 226 -01/11/2019
. Greece auctioned 625 million euros and the total amount offered was just above 1.8 billion euros... than 20 percent of total debt, or less than 40 percent of GDP. The budget primary balance recorded.... During the first nine months of the year, total expenditure came to 38.64 billion, landing below target
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Eurobank net profits at 256.7 mln in 2019
EconomyBanking. The application related to two of the bank’s three securitisations under the code name Cairo, with a total... on senior notes to the value of 1.6 billion in total. The portfolio consists of three different... estate portfolio as of Q4, valued around 700 million euros. In 2019, a total of 3,120 property auctions
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Income inequality in Greece has grown during crisis, OECD report shows
Societyis lowest in Denmark (5.2), Slovenia, (5.4) Finland (5.5), Iceland (5.6) and Slovakia (5.7). Greece’s..., the bottom 40 percent owned only 3 percent of total household wealth in the 18 OECD countries with comparable data. By contrast, the top 10 percent controlled half of all total household wealth
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammeand 5.5 billion to payments to the IMF. The total of 15.5 billion euros coupled with the primary surplus... with a potential IMF tranche of 3.5 billion, bringing the total amount that could be disbursed to Greece... actions. From the total tranche amount of 4 billion, 3.5 billion would be used for debt servicing
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Study shows deep impact of capital controls on retail sector
Economyof capital controls. Specifically, food and fuel sales fell by 5.5 percent in June, significantly... percent of total respectively. This means that due to the imposition of capital controls there was a significant differentiation in customers’ behaviour, with cash payments (as a percentage of total
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Newsletter 47 - 16/10/2015
by 2.5 and 5.5 percent, respectively. Earlier this week, ELSTAT published its second estimate of Greece... by 1.58 billion euros, taking the total reduction during this period to 5.19 billion. Eurosystem funding... (PIB) expenditure to 607 million from a total of less than 600 million in the previous three months
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomyinterventions for a total of 5.73 billion euros for 2015 and 2016, of which 1.54 billion relate to this year... revenues, which make up two-thirds of total interventions in 2015 and 56 percent in the 2-year period...), rise in the corporate tax rate (150 million). Cost savings of 2.53 billion euros in total
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Ministry's actuarial study shows the devastating impact of the crisis on the pension system
Economythereafter. At the same time, part time employment rose to 9.5 percent of total employed in 2015 from 5.5... of their total wealth. Following a series of pension cuts imposed in 2011 and 2012, the total pension
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