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Greek stocks rise 3.8 pct on week, banks rebound by 10.7 pct
EconomyThe Greek stock market traded in positive territory in four straight sessions, ending the week up... the week. Nevertheless, the domestic market is still 9.8 percent down since the UK referendum, while banks have lost 28.3 percent of their market value during the same period, despite the recent notable
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Sallas exit from Piraeus marks end of era in Greek banking sector
EconomyBankingwas the last of the bankers that dominated in the Greek banking market over the past decades, after... in the Greek banking market, Piraeus completed the acquisition of six banks in Greece, namely ATEbank... and Millenium Bank. As a result, Piraeus became the largest bank in the Greek market, controlling 30 percent
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After calm summer, hectic September lies ahead for Greek government
EconomyProgramme) has already been implemented. Prior actions also involve implementation of gas market reforms.... In addition, the government has to legislate on the transposition of the high-level market design in the context of the implementation of the EU target model for the electricity market, ensure that the debt
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Greek stocks down 2.6 pct on week, banks underperform for fifth straight week
EconomyThe Greek stock market traded in negative territory in most sessions this week with extremely thin... lowest level since August 8. Since the beginning of the month, the domestic market has retreated 1.8... percent so far this month. Over the past five weeks, banks have lost almost 17 percent of their market
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Newsletter 86 - 26/08/2016
by Sklavenitis for Marinopoulos, the largest supermarket chain in the Greek market. The restructuring... on incomes. In 2009 that figure was much lower at 539,000. These labour-market developments have pushed... for the labour market. Thousands of children that live in households that have no member in work (230,774
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingcoverage ratio marginally rising to 74.7 percent. Both ratios remained the best in the Greek market. In the Greek market, the NPL ratio also improved to 34.4 percent from 34.7 percent a quarter ago... billion repo-placed with the market over the past five months, while has eliminated pillar II bonds
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The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBanking15 banks that operated in the market previously. Attica was established in 1925 and since 1964... deposits and net loans amounted to 2.14 and 2.76 billion euros respectively corresponding to a market... governance and restructuring issues are resolved. In the wake of recent reports, the Capital Market
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After Article IV consultations IMF says challenges remain, substantial debt relief is needed
EconomyProgrammehas not managed to regain competitiveness. In the absence of product-market reform implementation, the adjustment burden relied heavily on wage earners that understandably resist labour market reforms..., fostering competition and facilitating investment licensing and privatisations. On the labour market
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How the pension fund that invested heavily in Attica Bank lost half its reserves
AgoraTSMEDE has lost 93.5 percent of its investment. In absolute terms, the market value of TSMEDE... investment in equities stood at 938.57 million euros. Their market value of 176.22 million in April..., the market value of its bond portfolio stood at 29.94 million in April compared to a nominal value
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How Greece's political system failed to safeguard the largest investment in the country's history
Agorapercent in the last quarter of that year. The market priced in the prevailing uncertainty as Prime... was hurt more from this wipe out of banks’ values than the HFSF. The market value of its bank portfolio... of a total amount of almost 44 billion used for the support of the banking system, the market value
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