Search
-
Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017
Agoraof sharp drop in impairment losses, cost containment, modest net interest income (NII) growth... is mainly driven by lower funding costs related to decreasing time deposit cost and the declining... reflecting the implementation of voluntary retirement schemes. Cost containment is broadly expected
4% -
Greece agrees package of measures with IMF, eurozone to seal review
EconomyProgrammerate from 22 to 20 percent with an estimated cost of 0.5 percent of GDP, progressive reduction... vulnerable households with an estimated cost of 0.2 percent of GDP, increase in the family allowance (0.1... investments, including for energy efficiency and agriculture with an estimated cost of 0.2 – 0.3 percent
4% -
Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBanking), while the weaker loan NII due to deleveraging was offset by lower funding cost. The latter related... retirement scheme. As a result, the recurring cost-to-income ratio improved to 46.3 percent in Q1 from... for 2016. Therefore, the cost of risk (provisions over gross loans) fell to 164 basis points (bps
4% -
Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBankingflat QoQ at 436 million euros as the positive impact from the lower funding cost was outweighed..., the cost of risk stood at 2.2 percent, at the high end of management expectations. Balance Sheet... result in 2017 with the cost of risk seen at around 2 percent, while it is not currently planning any
4% -
Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBanking), higher bond income and lower funding cost, which outweighed a slight drop in loan and deposit income... in Greece last year. The management expects the full-year cost figure at around 1.1 billion. Impairment losses dropped by 12.2 percent QoQ to 217 million euros corresponding to a cost of risk
4% -
Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBankingfunds. The year-on-year rise was 17.8 percent, driven by lower government guarantee cost. Operating... percent for the group and by 2.7 for Greece. As a result, the cost-to-income ratio grew to 48.1... million corresponding to a cost of risk (provision over net loans) of 1.9 percent from 1.95 percent
4% -
PMI up to 55.2 in January, highest since October 2007
EconomyMacroeconomyconsecutive month, in line with a rise in the cost of materials. This was passed onto the final selling price, as firms offset the cost by raising prices, though margins are stressed as cost expanded faster
4% -
NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingon an annual basis largely reflects personnel cost containment of -10.9 percent during the year. Impairment losses rose by 29 percent QoQ to 200 million euros, corresponding to a cost of risk (provisions over net loans) of 241 bps versus 238 bps in Q3. Management noted that the cost of risk
4% -
Greek hourly labour costs less than half of eurozone average
EconomyFeaturesand a eurozone average of 30.30 euros. The lowest hourly labour cost was recorded in Bulgaria at 4.50 euros... the hourly labour cost came to 16.80 euros an hour. The sector with the highest labour cost in Greece
4% -
Piraeus Bank posts net loss of 80 mln in Q1
EconomyBanking. Operating expenses fell by 6 percent YoY, excluding the extraordinary cost associated with the 2018... to 242 million versus 260 million for the same quarter last year, down by 7 percent. The cost-to-income..., with the Greek cost of risk for Q1 coming to 160 bps over net loans. Balance Sheet Eurosystem funding
4%