Search
-
Card usage gains traction with debit cards leading the way, BoG finds
EconomyBankingversus 60 billion euros in 2017. The average number of transactions per card increased by 20 percent YoY, or 54 transactions from 45. The average value per transactions remained similar to the level in 2018. Meanwhile, the average value of transactions per card increased by 3 percent YoY and came
6% -
A sudden turnaround that could lead to sharp shock
Agorapct of services receipts, while shipping is more consistent in the region of 3.4 to 3.9 billion per.... Households consumption has been hovering around 32 billion euros per quarter over the last year, averaging around 10 billion euros per month. So far, only supermarkets have seen a surge in sales
6% -
Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingpercent in Q3, which the bank remarked was significantly below their target as per the restructuring... announced that it had entered into a binding agreement with Hoist Finance AB for the disposal... euros. Funding cost deescalation continued in Q3 2018, driven by reduced ELA reliance as well
6% -
ND aims to show progress at Eurogroup but QE unattainable for now
EconomyProgramme-ended Asset Purchase Programme in the volume of 20 billion euros per month. The previous round... as the ECB was winding down QE. As the country's credit rating was below investment grade
6% -
European Commission review of Greek programme: The key points
EconomyProgrammeestimates privatisation revenues in excess of the 3-billion mark per annum as of 2016. The updated plan.... On top of the cancellation of preference shares, funding needs to August could also be reduced... that potential sources for covering this funding gap involve: a) inter-general government borrowing
6% -
EastMed pipeline close to high-level agreement, but still a long way from becoming reality
EconomyFeaturesper year of natural gas into the European grid. A number of international agreements have been signed... change mitigation remains strong, with the EU parliament recently voting for a legally binding target... as funding assistance. However, the lion’s share of funding for construction will ultimately have to come
6% -
Shortcomings in healthcare seen at forefront of austerity impact in Greece
Societyof 14.5. Per capita healthcare spending was reduced by 11.1 percent between 2009 and 2011 – the largest... of Hygiene and Tropical Medicine. Published in The Lancet, the study’s findings paint a grim picture..., a third of the street work programmes were cut because of scarcity of funding, despite a documented
6% -
Moments to remember from the euro crisis
Agora. Finally, he underlines that in terms of growth per capita, the euro area has been on a par... the ECB might no longer be able to accept Greek bonds as collateral for funding to local banks. Trichet..., Trichet warned Dublin that the ECB would not be able to maintain funding (ELA) for Irish banks
6% -
Greek banks on cusp of improved liquidity conditions
Agora, banks would benefit by an additional NII amount of 14 million euros per year on top... requirements for ECB funding purposes) was initially introduced on December 19, 2012 following a positive... (GGBs), T-Bills, pillar II and III bonds, used as collateral for ECB funding via the Emergency
6% -
Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agorabook value per share. It should be noted that deferred tax assets (DTA) of the four banks stands... from last year. The improvement mostly reflects lower wholesale funding cost, stemming from the reduced reliance on the Emergency Liquidity Assistance (ELA) funding coupled with lower holdings
6%