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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomymillion, but lower privatisation revenues and higher tax refunds led to net revenues falling short... edged down by 1.1 percent to 14.87 billion euros during the four-month period, beating the target by 534... by the lower than expected privatisation revenues and the higher tax refunds. As a result, although net
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Newsletter 120 - 26/05/2017
(IDIKA). The average main pension stood at 722 euros in December 2016, 1.1 percent above... in the course of Q2. Ongoing deleveraging pushed loan balances down quarter-on-quarter (QoQ). Net... million, but lower privatisation revenues and higher tax refunds led to net revenues falling short
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Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
EconomyMacroeconomywith higher than targeted Public Investment Budget (PIB) balance and slightly higher net revenues... decreased by 1.1 percent to 22.22 billion euros, overperforming the target by 550 million mostly due... period, 133 million higher than target. Overall, net revenues amounted to 21.34 billion euros
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Banks meet NPE reduction targets in Q3, adjust targets for next two years
EconomyMacroeconomytheir NPE targets submitted last September to the Single Supervisory Mechanism (SSM) of the ECB by 1.1... in the retail portfolio, by around 1.2 billion. Targets for net inflows of NPEs have been adjusted to a more... affected re-default rates and net NPE inflows. Liquidations will remain a key driver, totalling 10.6
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Newsletter 151 -16/02/2018
by 179 million, while net revenues stood at 4.18 billion euros and were above the target by 393... their target by 6 million euros. This led net revenues to rise by 3.3 percent. Primary expenditure... percent in January. The annual average HICP for 2017 was positive by 1.1 percent. Month-on-month, the CPI
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EC forecast acknowledges pressure on Greek households, revises down growth
EconomyMacroeconomyled by corporate investments contributing 1.1 percentage points (pps) to the overall growth rate... in 2018. In the previous forecasts, net exports were seen as contributing 0.2 pps to growth. Now, thanks to the rise in imports, net exports will not contribute to growth which is seen as entirely
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Budget primary surplus at 617 mln in June as expenditure continues to fall below target
EconomyMacroeconomyby 272 million. Net revenues came to 20.71 billion euros, above target by around 87 million euros... revenues increased by 1.1 percent year-on-year (YoY) to 3.73 billion, rising against May’s figure... of 2018. As mentioned, net revenues amounted to 20.71 billion euros in the aggregate period, above
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Newsletter 182 -9/11/2018
will now be paid out to those affected, who will receive 820 million euros net. According.... As investment picks up, imports are expected to accelerate which will subdue the contribution of net... is seen at 2.5 percent, assuming much stronger private consumption at 1.1 percent, milder investment
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Alpha Bank and Eurobank start new year with further bad loan sales
EconomyBankingresults were more positive than those posted in Q2 and showed a net profit of 41 million euros which... will retain the potential upside from the NPEs. Eurobank recorded net profits of 45.1 million euros in Q3 2018 compared to profits of 1.1 million in the previous quarter. By 2019, the bank intends to reduce
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBanking) results, Piraeus Bank posted net profits of 14 million euros from continued operations. NPEs fell... the bank noted would be leveraged for their upcoming initiatives. Net profits came to 19.7 million... of between 1.1 to 1.2 billion euros due to the difference between the book value of the loans
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