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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankingwith NBG, where the NII increased by 6 percent to come to 598 million euros in the current aggregate period. Piraeus Bank’s NIII rose by 2 percent to 719 million, while Eurobank’s figure dropped by 3.6
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Eurosystem funding drops by 464.8 mln in August
EconomyMacroeconomyfallen below 2 billion euros. In March, it was also revealed that Greece’s four systemic banks had fully..., along with ECB funding rising by 6 million. In the year so far, Eurosystem funding has declined
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Vital economic legislation lined up as ND seeks compromise over diaspora vote
PoliticsGreek Politicspriorities are on the economic policy front over the coming months: 1) Achieving the fiscal targets, 2... bill, 4) Radical overhaul of the tax system, 5) Tie up the loose ends from the third review and, 6
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Overall loan interest rate edges up to 4.34 pct in Nov
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.34 percent in November, up by 2 basis points (bps) from the rate of 4.32 noted... (SMEs) fell by 6 bps to 3.78 percent, whereas the corresponding volume of new business decreased to 210
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingof 2 billion euros. According to the bank, the securitisation is due to take place imminently... 6 billion euros-worth of loan securitisations in the first half of 2020. After securitisation
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Overall loan interest remains at 4.34 pct in December
EconomyMacroeconomyexisting loans dropped by 2 bps to 3.98 percent. The spread between existing loan and deposit rates... at a floating rate dropped by 6 bps to 2.78 percent. The average interest rate on corporate loans without
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Newsletter 241 - 28/02/2020
NPL stock was now of utmost importance. 2 Economic sentiment at 113.2 in Feb Strong improvements... increased by 8.4 points month-on-month to 33.6 points. Retail trade rose by 6 points month-on-month
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Regulatory and legal challenges from the increased penetration of LNG
Legal(2) and 8(6) of the REMIT Regulation, foresee the obligation of participants in the above market
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General govt primary cash surplus at 899 mln in January, arrears rise by 38 mln
EconomyMacroeconomy. The equivalent figure for the same time last year was 182 million. A smaller fall of 2 million euros... entities dropped by 6 million euros month-on-month, while non-gg entities fell by 1 million. With bank
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Forum showcases closer Greek-German trade relations, with diplomatic overtones
PoliticsGreek Politicsin Berlin. Opening the event, Chancellor Angela Merkel referred to the 6 billion euos worth of German exports to Greece in 2019, and the opportunities to build on the 2 billion euros of Greek imports
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