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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingPiraeus Bank’s third quarter (Q3) figures revealed net results from continued operations showing a profit of 44 million euros compared to a net profit of 20 million in Q2 2019. This marks a fifth consecutive quarter where net results have landed on a profit rather than loss. Net results overall
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Focus shifts to DSA, fiscal targets after IMF loan prepayment
EconomyProgrammedue to the IMF stood in excess of 2 billion euros and was significantly higher than the 1.37
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PM aims to maintain pace of economic reforms as public worries about migration
PoliticsGreek Politicsgovernment will have passed more than 30 bills by the end of the year, reflecting the higher level
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ND and SYRIZA set aside social dividend talk to focus on internal issues
PoliticsGreek Politicssurplus is seen at more than 400 million euros, the government may have only around 100 million
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Speculation about snap elections in 2020 refuses to die down
PoliticsGreek Politicshimself re-elected as party leader but this time by SYRIZA members rather than delegates. Some also
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Eurogroup approves SMP and ANFA profit release, decision on investment use postponed
EconomyProgrammethe use of the SMP and ANFA profits towards investment spending rather than debt servicing, for which
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GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
EconomyMacroeconomyby 1.8 percent this year, which is lower than the 2.2 percent expected in the spring forecasts
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBankingmore than 60 percent of it consists of DTCs. BoG notes that this type of capital composition prevents
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Police actions draw attention to ND's law and order agenda
PoliticsGreek Politicswith impunity, rather than to tackle delinquency. ND has tried to portray SYRIZA MPs as apologists
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBankingis slightly more relaxed than the Italian criterion of having sold 50 pct+1 of both mezzanine and junior
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