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Newsletter 248 -24/04/2020
of total employment, adding extra value of 1.1 billion. A digital reboot of this size would boost... percent YoY. Travel payments also increased by 1 percent and came to 166.7 million. Foreign arrivals... percent YoY. Average expenditure per trip rose by 1 percent to 370.9 euros in the aggregate period, versus
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Eurobank net results show profit of 176 mln in H1
EconomyBankingnow stands at 15.3 percent in H1 compared to 32.8 percent in H1 2019. Total provisions account... III programme. Greek deposits decreased by around 200 million QoQ to 32.7 billion, with total... the same period from 86.5 percent in H1 2019. Capital The phased-in Common Equity Tier 1 (CET1) ratio came
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Newsletter 298 - 28/05/2021
up to 72 months. In total, more than 40 billion euros of Greece’s own resources as well as European... June 1, there will be no more protection for main homes, leaving homeowners who have run into debt... euros. The total NPE stock came to 21.3 billion euros. Impairment losses on loans stood at 390.6 million
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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
EconomyBankingand 7 billion euros from Sunrise 1. Piraeus intends to have 3.6 billion euros of NPEs in early 2022... in H1 increased by 17 percent year-on-year (YoY) to 177 million euros, while total operating expenses... billion euros, rising by 2 billion from the previous quarter. This full amount corresponded to the full
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
EconomyBanking2021, 7.2 billion euros of Sunrise 1 in Q3 2021 and 2.7 billion euros of Sunrise 2 in Q4 2021... 90 million euros in 2020. Total operating expenses stood at 933 million, a drop of 14 percent YoY... to 11.2 percent pro forma for share capital increase of 1.4 billion euros carried out in Q2. Tier 1 ratio
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Newsletter 345 - 08/07/2022
survey on May 18. However, support for SYRIZA has also risen by 1 point during that period... the conservatives’ increase of 2 points, rising to 26.4 pct. PASOK is seen gaining 10 pct. It should... electricity bills, with a total fiscal cost of more than 700 million euros. This takes the total
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Lower repos push debt down to 402.88 bln in Q3, bonds rise by 2.5 bln
EconomyMacroeconomyyears) debt made up 71.4 percent of the total, while short-term (up to 1 year) and medium-term (1...Greece’s central government debt recorded a drop of almost 2 billion euros to 402.88 billion euros... by 2.5 billion euros of more bonds. FSM loans continue to make up the bulk of the total, accounting
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Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP
EconomyMacroeconomybalance will come to 2.1 pct of GDP, from 1.1 pct this year. The total deficit will halve to 2.49..., reaching 35.17 billion euros, from 33.7 billion euros in 2023. VAT is expected to rise by more than 1... 20.95 billion euros in 2023. Specifically, income tax paid by individuals will increase by roughly 1
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Greek central government debt rises to 322.4 bln in Q2
EconomyGreece’s central government debt rose by almost 2 billion euros to 322.4 billion in Q2 2014 from... percent of total in Q2 from 66.1 percent in Q1. Long-term bonds amounted to 68.03 billion (21.1 percent of total from 23.2 percent) and T-Bills to 14.97 billion (4.6 percent). Following the last
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingto a total of 1 billion which the bank aims to sell by October 2018. Towards the end of 2018..., totalling roughly 1 billion euros, which are collateralised. This would bring the total sales of NPLs... of the total loan portfolio last December. Write-offs have so far been the main tool in reducing
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