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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingbillion which correspond to 26.2 percent of the loan book up from 25.7 percent in Q4. On the asset... at the end of March. However, due to the continued deleveraging, the NPL ratio edged up to 39.8 percent
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Net profit of 87 mln for NBG in Q1
EconomyBankingwith the management guidance for 150-170 bps for the whole 2016. Overall, loan loss reserves edged up to 12.9... for the second straight quarter, while that for small business loans edged up to 10 million. Overall, the NPL
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Feeling weight of measures, SYRIZA seeks way to re-connect with voters
PoliticsGreek PoliticsAs the government goes in search of ways to make the final tweaks needed to secure its first bailout tranche in half a year, things on the domestic political scene are starting to hot up as a result... it can strike up a bond with the Greek electorate and secure social peace long enough so the country’s
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Paddling with a wooden spoon
Agorawould have balked at: 3 percent of GDP in fiscal measures, the setting up of a new privatisation... on the Greek government to sew up a deal before it ran out of cash during the course of June. This time
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Government hopes offer of tax breaks and grants will spark growth boost
EconomyMacroeconomyof investments, the law foresees a stable tax rate for 12 years or a tax exemption up to 10 percent... for up to seven years of the leasing cost of new equipment, subsidy of the new job positions’ payroll
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Coalition and New Democracy at odds over anti-government protests
PoliticsGreek Politicscommentators have pointed out, it is possible that Fylis’s approach may end up serving...) earlier this year, with something tangible to back up its claim that the public mood has turned so
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agoraa total amount of deferred tax asset (DTA) of 19.48 billion euros, making up 69 percent of TE. Alpha has... and market cap of 1.86 billion stands at the low end, while is trading at 0.35x its TE. Summing up
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Five-month budget primary surplus of 2.27 bln, revenues outperform in May
EconomyMacroeconomyGreece’s budget primary surplus stood at 2.27 billion euros in the 5-month period of 2016 up by more than 50 percent from last year’s figure of 1.51 billion, the Finance Ministry (MoF) preliminary.... As a result, net revenues edged up by 1.2 percent to 17.25 billion in the 5-month period, outperforming target
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Primary cash surplus widens to 2.66 bln in first five months of 2016
EconomyMacroeconomy, only trimming the year to date figure which still shows a surplus of 855 million, up 41.1 percent... primary surplus stood at 2.27 billion in the 5-month period, with net revenues up by a modest 1.2
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Lenders' report reveals long-term savings from pension reform, which also offset court ruling
EconomyProgrammea fiscal impact of 0.5 percent until 2018. This is seen edging up to 0.6 percent from 2019 onwards..., those measures are estimated to yield savings of 1.4 percent of GDP in 2019, 1.6 percent in 2020 up
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