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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingmanifested in a negative impact of 9 million euros. On an aggregate basis, NII fell by 7.5 percent to 903...), which offset a reduction from period results (-10 bps) and AFS reserves (-9 bps). The bank noted... in to account the 5-year amortisation for the implementation of IFRS 9. Alpha Bank’s CEO Demetrios P
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBanking(PPI) fell by 9 percent quarter-on-quarter (QoQ) to 88 million. Core PPI came to 306 million euros... fell by 21 percent to 838 million euros. The change was attributed to the IFRS 9 FTA impact... income stood at a profit of 9 million in Q3 from a loss of 17 million in Q2. In 9M, the figure
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NBG reports full year net profits of 50 million euros from continued operations
EconomyBankingfor the fourth quarter (Q4) of 2018, declining from profits of 9 million noted in the third quarter.... This was largely due to several restructuring initiatives and the implementation of IFRS 9 FTA impact... IFRS 9 impact, CET1 stands at 12.8 percent. Paul Mylonas, Chief Executive Officer of NBG, said
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Summit to usher in a new stage of EU-China relations
AgoraThe upcoming EU-China summit in Brussels on 9 April will have a lavish menu, for sure. China... the cohorts of reporters will be on the lookout for on 9 April. But the real outcome of the meeting...”, despite their strategic partnership in certain areas. Which is what the 9 April summit will most
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General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
EconomyMacroeconomy) and purchases of goods and services (-9 million euros). Arrears Arrears to the private sector (including... and stood at roughly 9 million euros in February. Bank support remained unchanged for an eighth month.... Bank-related guarantees fell to 400 million in November, of which ELA guarantees constitute 9
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingin DTCs as a cushion. This effectively means that they pay 9 billion euros for debt with a nominal value... are to be submitted by September 9 and the bank aims to close the deal by the end of the year. Alpha Bank's... to more than 9 percent of the principal portfolio amount and is capital accretive to NBG (based on Q1
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Loan interest drops to 4.59 pct in September
EconomyMacroeconomycorporations came to 4.59 percent in September, down 9 basis points (bps) from the rate of 4.68 noted... rate to small and medium-sized enterprises (SMEs) rose by 9 bps to 3.90 percent. Deposits... on deposits from households with an agreed maturity of up to one year decreased by 9 bps to 0.45
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Newsletter 251 -22/05/2020
than 9 in 10 respondents were in favour of strict health checks on travellers, a measure... in the domestic market was driven by a fall in manufacturing of 9 percent. Greece’s industrial turnover fell.... The drop in the domestic market was driven by a fall in manufacturing of 9 percent, while mining
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesand other urban areas. Construction geared up by 9 percent in 2017, 10 percent in 2018 and 13... to the same period in 2019. Residential property prices in urban areas rose by 9 percent between 2017..., followed by Turkish nationals who make up around 9 percent and Russian nationals with 6 percent
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Newsletter 272 -06/11/2020
sees 2020 at -9 pct, from -7.5 pct in September and does not expect next year’s recovery to exceed 5... measures for stricken businesses and workers, and permanent tax cuts. EC forecasts 9 pct dip, 5 pct..., although the recession for 2020 is left unchanged at 9 pct, the estimates for next year’s recovery have
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