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Newsletter 217 -02/08/2019
the extra 205 million euros in fiscal cost the government is adding to SYRIZA’s plan to cut ENFIA..., for a price of 99.924 and a yield of 0.15 percent. The borrowing cost dropped substantially from... and July, from 0.41 percent to 0.23 percent. The borrowing cost has also halved for the 52-week T
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingoperating expenses stood at 476 million in H1, reflecting a fall of 7 percent YoY. The cost-to-income ratio... of the year stood at 332 million compared to 312 million in H1 2018. The cost-of-risk for H1 2019 was 174 bps which management noted was within the range expected for the full year. The cost-of-risk
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBanking, unchanged QoQ with a cost of risk of 140 bps. In H1, the loan impairments came to 200 million with a cost of risk at 140 bps. Eurosystem funding remained at 2.3 billion in Q2, unchanged QoQ... exposure was reduced by 2.7 billion in the year to date, stemming from further funding cost
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Athens preparing to present budget plans to lenders after tax cut pledges
EconomyProgramme, the reduction to the corporate tax rate will cost 600 million euros. Bringing dividends tax down from 10... child, which is due to be introduced next year, will cost 180 million euros. The reduction of social security contributions, which is set to begin next summer, has an estimated cost of 200 million euros
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Newsletter 219 -13/09/2019
to the corporate tax rate will cost 600 million euros. Bringing dividends tax down from 10 to 5 percent... is due to be introduced next year, will cost 180 million euros. The reduction of social security contributions, which is set to begin next summer, has an estimated cost of 200 million euros. The total
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Greece falls to 79 out of 190 economies in ease of doing business ranking
EconomyFeaturesof 31. The border compliance cost to export came to 300 US dollars versus an OECD average of 136.8. However, the cost to import stood at zero compared to an average of 98.1 US dollars. Enforcing... years in 2004 to 3.5 years in the current survey. The cost as a percent of the estate has remained
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Newsletter 241 - 28/02/2020
see New Democracy counting the political cost. Given that the conservatives were outspoken... cost of credit risk. This cost consequently restricts the net profit margin of banks.” The bank went
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Greece takes first round against Covid-19 but fight continues
Agorato the speed of implementation, the reliance on fixed-term contracts, and the cost of leasing private beds... will cost the Greek economy more than most, thanks to its heavy reliance on tourism, shipping... costly lockdowns. The calculus of economic versus human cost is one that will continue to evolve
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingand 7 percent YoY. The cost-to-income ratio (excluding the pandemic-related trading impact) stood... to incorporate the worsening macro scenarios due to the pandemic. Cost of risk as a percentage of net loans stood at 260bps, of which 192bps related to underlying cost of risk and the remaining 68bps
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBankingQoQ. The cost to income in H1 stood at 49 percent versus 53 percent the same period last year... impairments were 142 million, and 146 million, respectively. Cost of risk as a percentage of net loans stood at 137 bps compared to 153 bps underlying cost of risk in the same quarter last year
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