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Trade deficit falls 10.8 pct in December as exports rise slightly
EconomyMacroeconomyand the value of ships, imports rose by 1 percent, while exports rose by 9.5 percent. Excluding the value... countries fell by 21.8 percent. Stripping out the impact of oil products and the value of ships, last year aggregate imports decreased by 4.4 percent and exports increased by 2.9 percent, respectively
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankingvalue of around 800 million euros. The first, dubbed Project Iris, concerns unsecured personal loans... in these sales, the cost of risk in Q2 came to 82 million. The Greek cost of risk came to 151 bps over.... We remain committed in reaching our goals and turning around the bank, creating value for our
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankinga total gross book value of 1.8 billion. Two further bad loan portfolio sales are also on schedule with a total gross book value of 1.7 billion euros. These are code named Project Nemo, which deals... was 153 bps over net loans versus 151 bps in Q2. The bank notes that it has around 23 billion in real
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Newsletter 191 -25/01/2018
and came to 151 million. The travel balance for the month reached a surplus of 174.8 million euros... for Ergani since their series began in 2001. November current account deficit at 1.41 bln Import value continues to outstrip export value to widen goods balance deficit Greece’s current account (C
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingbillion euros in gross book value, combined with a negative organic NPE formation of 400 million euros.... On the domestic front, these include a portfolio of Greek shipping loans with a gross book value of 300... and other income stood at 51 million compared to 51 million in Q1, and stood at 151 million in H1 2019
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBanking) fell by 9 percent quarter-on-quarter (QoQ) to 151 million. Core PPI came to 461 million euros..., is also set to close in Q4 with a gross book value of 1.2 billion euros. A portfolio of Greek shipping loans with a gross book value of 300 million euros and a Greek portfolio of denounced, non operating
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About-turn over ministry post undermines impact of PM's reshuffle
PoliticsGreek Politicsif this assessment is taken at face value, the government is currently made up of 56 ministers and deputy...’ Protection Ministry, where former Interior Minister Takis Theodorikakis took over from outgoing... and Interior Minister Makis Voridis. The Central Board of Jewish Communities in Greece (KIS) issued
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Data protection ruling adds to pressure on New Democracy from ranks
PoliticsGreek Politicsbe substantial, the ruling is a blow to the party’s image, particularly among moderate voters who place a value...-Michelle Asimakopoulou to obtain the contact details of overseas voters from the Interior Ministry... of State. In May, the Interior Ministry received a fine of 400,000 euros and Asimakopoulou herself
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How Greek banks moved into a new era
Agorahave a combined market value of 35.1 billion corresponding to 45.7 percent of the Greek market capitalisation. HFSF’s share in banks has a market value of 21 billion, implying unrealised capital losses of 4.4 billion on its “investment” last year. This primarily reflects unrealised losses of 3.7
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Greek banks' equity raising could keep official support to a minimum
Economyand an adverse scenario. Their capital needs were identified at 4.4 billion euros under the baseline and 14.4... a LME for a voluntary bond exchange of 1.09 billion (nominal value) outstanding bonds. The offer.... Bondholders have the option to agree to a share exchange at 100 percent of nominal value for the senior
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