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Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBanking. In the Greek market, all lending segments posted negative NPE formation for the first time in Q4... in Q4 from 34.8 percent in Q3. In the Greek market, the NPL ratio stayed flat at 37.7 percent. Moreover... fell by 4 percent to 992.3 million. In the Greek market, costs dropped 5.5 percent in 2017
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Greece agrees package of measures with IMF, eurozone to seal review
EconomyProgrammeof GDP, and active labour market policies (0.1 – 0.2 percent of GDP). Pensions The government commits... with the EC. Labour market reforms The IMF’s TMU mentions three interventions in the labour market
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Bank branches fall in 2016, degree of concentration highest in EU
EconomyBankingGreek banks reduced their branch network and employees in the domestic market further, according... percent in the number of branches and personnel in the Greek market, respectively, versus figures... banks from the Greek market resulted in a sharp drop of their assets in Greece from 38.54 billion
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Stocks up 3.1 pct during week to reach fresh two-year high
EconomyThe Greek equity market traded mostly in positive territory over the past few days, ending the week... the market reaction on Friday, albeit with increased volumes, was more modest (+0.8 percent) than initially... million this week after a short-lived drop to 51 million in the previous week. Market news Following
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May is the cruelest month
Agora’ which would entail the remaining of the UK in the single market and perhaps in the customs union... the rest of the EU according to which the UK can remain a de facto member of Europe’s single market... of the single market and the customs union by the end of the Brexit process. Be that as it may
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Coalition guards unity as Tsipras briefs opposition leaders
PoliticsGreek Politicsto the market, if they stick to their commitment to the reform programme, because markets look... paths before completing their bailouts. “They also went to the market several months before the end...,” said Regling. Although his comments regarding market access have gone down well in Athens, the ESM
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NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBanking. It was established in 1891 and controlled a market share of 13.5 percent in Greek market in 2016... companies will generate approximately 1 billion in premia annually from the Greek insurance market
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Some relief for coalition but bold claims about programme exit a concern
PoliticsGreek Politicsto be concerned by Tsipras’s claims regarding market access (ESM chief Klaus Regling repeated this week... the issue of market access in political as well as economic terms. If it can return to the markets... that his government has managed to move the country forward. If he taps the market at a similar
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The conundrum of Greek olive oil exports
EconomyFeaturesfor the domestic market. But it’s not going to fly as an international product. According... in the Greek market. The economic crisis did shed light on the poor design of Greece’s current olive... of olive oil for export, beautifully packaged to attract the international market. But even finding
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Newsletter 127 - 14/07/2017
Athens eyes market access Trial bond issue being considered, though Stournaras cautions against haste Market access replaced debt relief as the main topic of discussion in Athens this week... to capitalise on current market conditions and avoid potential volatility from third-party actions. received
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