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Loan interest drops to 4.59 pct in September
EconomyMacroeconomyaverage interest rate on all existing loans stood at 4.06 percent, down by 3 bps. The spread between... and overdrafts, dropped by 2 bps to 14.30 percent. The average interest rate on consumer loans with a defined... The overall weighted average interest rate on new deposits dropped by 3 bps to 0.23 percent. The average
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Newsletter 244 -20/03/2020
euros for economic support, the government will add another 3 billion euros from the budget to that, and another 3 billion from the National Strategic Reference Framework (ESPA). The latter involves... hotels and 24,819 for seasonal hotels. 2 Confirmed cases rise to 464 Deaths increase to six as PM
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Greece issues new 10 yr bond as investor appetite returns
EconomyGreece completed its third market foray for the year by issuing a 10-year bond of 3 billion euros... that fetched a yield of 1.91 pct and the 7-year issued in April of 2 billion euros. The two prior issues..., leading to the issue being oversubscribed by 5.6 times, compared to 3 times on the mid-April issue
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBanking. In Q2, NII reached 367 million, higher by 2 percent YoY and quarter-on-quarter (QoQ). Asset quality NPEs... fee income came to 151 million, up by 3 YoY, driven by loan generation, asset management... of 3 percent YoY and 12 percent QoQ. The main contributors were new loan generation, as well
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Banks step up securitisation drive following pandemic interruption
EconomyBankingannounced. Alpha submitted a request for the use of just over 3 billion euros of state guarantees... on the securitisation of the Phoenix portfolio worth 2 billion euros, with the senior notes in the region of 1..., which is several times above the EU and eurozone averages of close to 3 pct. This is why
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Defence spending, economic support plans dominate PM's policy speech
PoliticsGreek Politics, as a percentage of GDP, spending on defence has remained at 2 pct of GDP or more throughout this period, well... jobs, many of which had been trailed for weeks in the local media. The key interventions include a 3... suggested that the new support measures require 3 billion euros, which is the same amount that Greece
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Surge in Covid-19 deaths as work on adjusted 2021 budget nears completion
PoliticsGreek Politicsclimbing to 200 pct. The primary deficit will be at 3 pct of GDP, and the general government deficit..., compared to the 2 billion euros previously envisioned. Aside from measures that have been announced already, such as the 3 percentage point reduction in social insurance contributions and the suspension
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Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
EconomyProgrammeamongst member states. Inflation was assumed at 2 pct by 2030, the interest rate assumptions average 3... nominal growth of 3 pct and higher risk premium reflected in Greece’s refinancing rate. Even
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Greece maintaining investors' interest, EY survey finds
EconomyFeaturesas being the most promising. Regarding investment in Greece, 2 percent of investors named the country as being part of their future investment plans. Sweden and Spain attracted 3 and 4 percent... by Ireland and Hungary (3 percent), and comparable to the percentages of countries such as The Czech
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Newsletter 284 - 12/02/2021
that a complete lockdown would bring the overall monthly cost of lockdown measures to “over 3 billion euros... advance refunds allocation is doubling from the initial estimates to 3 billion euros for the first... of this month, according to Ta Nea. 2 EC sees big drop for economy in 2020 Expects milder recovery of 3.5 pct
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