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Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
EconomyBanking. Of the total, around 18 billion euros will be used to support businesses and 7 billion... around 7 billion euros as well under the government's plans. Guarantees of 2 billion euros.... ِAn additional 5 billion euros of loans will include 2 billion euros of state guarantees, 1 billion
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBanking(NII) in Q1 reached 360 million, flat year-on-year (YoY) and up by 1 percent lower quarter... for the securitisation of the Phoenix and Vega portfolios with a combined value of 7 billion euros... and 7 percent YoY. The cost-to-income ratio (excluding the pandemic-related trading impact) stood
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General govt primary cash deficit at 5.48 bln in June as tax revenues fall
EconomyMacroeconomymillion each) and SSFs (+7 million). Declines were seen in local governments (-8 million), state budget (-7 million) and extrabudgetary funds (-4 million). Since the start of the year, total arrears...), extrabudgetary funds (+24 million) and SSFs (+1 million). Drops were seen in tax refunds (-91 million
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Newsletter 261 -07/08/2020
with a rise of 94 million euros. This was followed by tax refunds (+78 million each) and SSFs (+7 million). Declines were seen in local governments (-8 million), state budget (-7 million) and extrabudgetary...) and SSFs (+1 million). Drops were seen in tax refunds (-91 million) and state budget (-3 million
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EC forecasts 9 pct dip followed by 5 pct recovery but new lockdown not factored in
EconomyMacroeconomyyear’s recovery have been trimmed by 1 percentage point, to 5 pct. Growth for 2022 is seen at 3.5 pct... are reflected on the budget. The Commission sees a headline deficit of 7 pct of GDP, with the measures..., the primary balance could be forced to exceed 7 pct of GDP, and a double-digit general deficit.
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Piraeus announces Q1 loss of 407 mln as provisions mount
EconomyBankingsecuritizations, with 7 billion total gross book value, in Q2, further decreasing the NPE stock of the Group. Pro... euros in Q1 2020. Net fee and commission income in Q1 increased by 7 percent year-on-year (YoY) to 76 million euros, while total operating expenses stood at 225 million, a drop of 1 percent YoY
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Rise of smaller parties a barrier to decisive result in first elections
PoliticsGreek Politics, up by 1 point since earlier in the month. Ellines is unchanged, on 3 pct. On Thursday, former... takes backing for ND to 35.5 pct, SYRIZA 28.5, PASOK 11, KKE 7, MeRA25 5.5, Greek Solution 4.5.... In this scenario, ND would 33.5 pct, SYRIZA 28, PASOK 10.5, KKE 7, MeRA25 5 pct, Greek Solution 4.5 pct
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Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln
EconomyBanking, reaching a total of 7 billion euros in offers. The transaction was split 70-30 between... that marginally exceeded 1 billion euros. The government presented the latest transaction as a success and a vote... euros and roughly 7 billion euros for NBG.
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Newsletter 460 - 02/05/2025
will create around 1.5 billion euros in extra fiscal space, on top of an already estimated 1 billion..., while ultranationalists Greek Solution have held on to 8 pct, followed by Communist Party KKE at 7... with 8 pct, followed by KKE at 7 pct, while SYRIZA has lost 1.6 points since March to fall to 4 pct
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Greek Jan-Apr primary budget surplus rises above 1 bln despite revenue shortfall
EconomyGreece’s budget execution showed a primary surplus of 1.05 billion euros in the first four months of 2014 from a primary deficit of 306 million last year, according to the final figures released by the Ministry of Finance (MoF) on Friday. The state budg...
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