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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingis expected to drop to around 170 bps over the course of 2018. IFRS 9 As part of the new IFRS 9 implementation Greek banks are expected to increase provisions by roughly 6 billion euros. NBG noted that IFRS 9
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingmanifested in a negative impact of 9 million euros. On an aggregate basis, NII fell by 7.5 percent to 903...), which offset a reduction from period results (-10 bps) and AFS reserves (-9 bps). The bank noted... in to account the 5-year amortisation for the implementation of IFRS 9. Alpha Bank’s CEO Demetrios P
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Summit to usher in a new stage of EU-China relations
AgoraThe upcoming EU-China summit in Brussels on 9 April will have a lavish menu, for sure. China... the cohorts of reporters will be on the lookout for on 9 April. But the real outcome of the meeting...”, despite their strategic partnership in certain areas. Which is what the 9 April summit will most
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingin DTCs as a cushion. This effectively means that they pay 9 billion euros for debt with a nominal value... are to be submitted by September 9 and the bank aims to close the deal by the end of the year. Alpha Bank's... to more than 9 percent of the principal portfolio amount and is capital accretive to NBG (based on Q1
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Loan interest drops to 4.59 pct in September
EconomyMacroeconomycorporations came to 4.59 percent in September, down 9 basis points (bps) from the rate of 4.68 noted... rate to small and medium-sized enterprises (SMEs) rose by 9 bps to 3.90 percent. Deposits... on deposits from households with an agreed maturity of up to one year decreased by 9 bps to 0.45
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesand other urban areas. Construction geared up by 9 percent in 2017, 10 percent in 2018 and 13... to the same period in 2019. Residential property prices in urban areas rose by 9 percent between 2017..., followed by Turkish nationals who make up around 9 percent and Russian nationals with 6 percent
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Newsletter 272 -06/11/2020
sees 2020 at -9 pct, from -7.5 pct in September and does not expect next year’s recovery to exceed 5... measures for stricken businesses and workers, and permanent tax cuts. EC forecasts 9 pct dip, 5 pct..., although the recession for 2020 is left unchanged at 9 pct, the estimates for next year’s recovery have
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Industrial turnover drops by 10.7 pct in September on decline in petroleum products
EconomyMacroeconomyrose by 9 percent. In the non-domestic market, the drop in turnover was led by a decline of 13.7... economic sentiment figures for October, industry confidence showed an improvement and rose by 9 points month-on-month to stand at -9 points. Year-on-year, industry confidence has fallen by 10.4 points.
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Newsletter 295 - 07/05/2021
, the night-time curfew was extended until 11 p.m., after having been set at 9 p.m. for months. All... and insurance/pension funds at 12 pct. Hedge funds were 9 pct. The UK and France led with 24 pct and 14... to draw 9 billion euros from international markets, after the 3.5 billion euros 10-year bond
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Election date seen hanging in balance as PM weighs pros and cons
PoliticsGreek Politicslikely by the local media and commentators was April 9 as it would be week before Greek Orthodox Easter... only fuelled speculation that April 9 is the likeliest date. In fact, a report in Naftemporiki daily... dates. While an April 9 vote means that the election would not interfere with Holy Week or Easter
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