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  1. National Bank posts net loss of 1.1 bln in Q4
    Photo by MacroPolis

    EconomyBanking

    mainly related to recalibration of the bank’s impairment model (970 million) and recoverability... was slashed by 12 percent mainly attributed to a double digit drop in personnel (-14 percent) and general... at 24.3 percent in Q4 from 24.4 percent the previous quarter. This mainly reflected an improvement

    2%
  2. Lower spending, extra revenues result in budget execution beating targets in March

    EconomyMacroeconomy

    . The year to date primary surplus outperformance is mainly attributed to lower primary expenditure... billion, down 5.3 percent and 1.18 billion below target. The year to date outperformance mainly relates... that that lower expenditure mainly reflects the rearrangement of cash payments projection, according

    2%
  3. Manufacturing PMI drops to 46.5 in April, lowest reading since June 2013

    EconomyMacroeconomy

    significantly, mainly reflecting weakened demand from both the domestic and international markets, while... the sequence of decreases to eight months. This was mainly due to a further loss of new business from... cost inflation hitting a 10-month high mainly reflecting higher raw material prices partially related

    2%
  4. Budget primary surplus grows in April thanks to one-off revenues and restricted spending

    EconomyMacroeconomy

    in the 4-month period. This is mainly due to: a) A reversal of the revenue shortfall of 389 million in Q1... target by 874 million, mainly due to the exceptionally high revenues recorded in March, which further... mainly reflects the rearrangement of cash payments projection, according to the prevailing (tight

    2%
  5. Greek debt falls to 312.7 bln in Q1 after return of EFSF bonds

    Economy

    and mainly reflects the return of 10.9 billion of EFSF bonds from the Hellenic Financial Stability Fund (HFSF... the 2014 figure of 16.16 years, mainly reflecting the return of EFSF bonds. Around 76 percent... the payments of external debt obligations in the course of Q1 mainly involving payments to the IMF

    2%
  6. Greek stock market loses 1.8 pct in week of mixed messages, Q1 results

    Economy

    , significantly below those recorded in Q4 and Q1 2014, mainly due to lower provisions and - to a lesser extent... in bottom line results with Q1 net profits at 41.7 million from losses of 8.2 million last year mainly... mainly reflecting lower operating expenses and impairment losses. NPL ratio hiked to 33.8 percent from 33

    2%
  7. How Greek banks were left on the brink
    Photo by Harry van Versendaal

    Agora

    (20 percent of household and corporate outflows until March) were placed, mainly from households... used the EFSF bonds they received during their first recapitalisation process, which were mainly... in the second half of last year. This was mainly evident in the housing loan segment, where borrowers

    2%
  8. Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
    Photo by MacroPolis

    EconomyMacroeconomy

    that this improvement mainly reflects lower net payments for ship purchases, while the net oil... in the first-quarter performance, the deterioration of the C/A balance by 830 million YoY mainly... eased by 6.7 percent to 2.58 billion mainly due to declining net transport and other services receipts

    2%
  9. Current account in surplus for 2nd straight month in June but down 20 pct on 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    , according to the Bank of Greece (BoG). The YoY deterioration mainly reflects a widening... import bill. The latter mainly reflects halving oil exports coupled with a slight increase in oil imports... year, mainly derives from higher net investment income payments coupled with lower net other primary

    2%
  10. Newsletter 47 - 16/10/2015

    Newsletters

    adjustment should come from cutting public spending, mainly through reducing the size of the state sector...) in the second quarter of 2015. The QoQ increase for the second consecutive quarter mainly reflects... reading so far this year. The negative result mainly reflects a marked rise in public investment budget

    2%