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  1. National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
    Photo by MacroPolis

    EconomyBanking

    . The latter mainly reflects higher deposit NII on improving time deposit spread more than offset.... The yearly drop mainly stems from a double-digit decrease in personnel expenses (down 16 percent), while..., mainly due to the implementation of a voluntary retirement scheme in Q4 2013. Cost containment

    2%
  2. Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
    Photo by MacroPolis

    EconomyMacroeconomy

    . In addition, under the portfolio investment a net inflow of 4.6 billion was recorded, mainly... in exports of services, at a double-digit rate for the second straight quarter, is mainly attributed... showed they increased by 13.4 percent to 3.94 billion mainly reflecting a 15.6 percent rise

    2%
  3. Here's what's in the 2015 draft budget the Greek government has just unveiled

    EconomyMacroeconomy

    target. These mainly involve: the improved performance of non-tax revenues in 2014, operational cost.... Salaries and pensions are seen at 18.69 billion euros, up by 615 million compared to MTFS, mainly... grants are expected to be lower by 173 million compared to MTFS to 13.93 billion, mainly due to lower

    2%
  4. Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
    Photo by MacroPolis

    EconomyBanking

    in Q2. The QoQ improvement mainly reflects increased net interest income (NII). Higher NII, up 2.3... 1.3 percent QoQ to 325.3 million euros. However, the reported figure jumped to 526 million, mainly... billion euros in Q3, mainly reflecting 0.4 billion of net loans from Citibank. Deposits rose by 1.3

    2%
  5. Greek current account deficit widens by 32.4 pct in November despite services surplus
    Photo by MacroPolis

    EconomyMacroeconomy

    year, according to the Bank of Greece (BoG). The higher C/A deficit is mainly attributed to a negative... to that of imports (+1.5 percent). The widening of the services surplus by 20 percent is mainly due to soaring... year. This corresponds to a widening of the C/A surplus by 1.19 billion euros, which is mainly

    2%
  6. Commission sees political uncertainty hurting recovery, growth reaching 2.5 pct in 2015

    Economy

    anticipates a marked growth in investment. For 2016, the acceleration of GDP growth mainly stems from... it will further ease from 26.6 percent in 2014 to 25 percent in 2015 and 22 percent in 2016, mainly attributed... forecasts is skewed to the downside mainly due to the uncertainty on the direction of policies, which could

    2%
  7. Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln

    EconomyMacroeconomy

    . The MoM decline by 803 million euros is mainly attributed to lower SSF arrears (down by 484 million... to date evolution mainly stems from reduced SSF arrears by 880 million, with the end-year figure.... The yearly evolution in the long-term loans mainly reflects the bailout tranches totalling 11.8 billion

    2%
  8. Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
    Photo by MacroPolis

    EconomyMacroeconomy

    of January’s figures shows the decline in deposits is mainly attributed to time outflows of 10.9... that households (mainly high wealth individuals) withdrew 9.2 billion and non-financial corporates (mainly... savings showed inflows of 887 million, mainly reflecting the Christmas bonus. Following the deposit

    2%
  9. Eurobank posts loss of 523.7 mln in Q4 2014
    Photo by MacroPolis

    EconomyBanking

    items. In particular, net interest income (NII) was up 4.1 percent QoQ mainly driven by lower... primarily led by an 8 bps improvement in the Greek NIM. The lower deposit cost mainly stems from.... The significant increase in the first two months of the year is mainly due to Greek deposit

    2%
  10. Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
    Photo by MacroPolis

    EconomyBanking

    . Pre-provision income (PPI) more than halved quarter on quarter (QoQ) to 111 million, mainly... trading losses. Net interest income (NII) rose 0.8 percent QoQ to 513 million euros, mainly.... Since the end of November, Eurosystem funding has jumped by 18.1 billion mainly reflecting deposit

    2%