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NBG reports full year net profits of 50 million euros from continued operations
EconomyBankingof a 2 billion euro portfolio of unsecured retail and SBL portfolio in Greece for a total consideration...National Bank of Greece (NBG) reported a net profit of 1 million euros from continued operations... with negative formations of 2.4 billion and write-offs 3.7 billion, around 2 billion of which were
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Discussion over PEPP, SGP draw attention to rising yields
EconomyFeaturesfor 2021, the total fiscal cost of the support packages including 2022 will exceed 30 billion euros... 14 billion euros. The latest transaction took place on September 1, whenthe PDMA reopened the 5... on November 1, from a low of 0.52 pct in mid-August. The prices of the two latest issues that were reopened
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Newsletter 323 - 14/01/2022
his TV interview that the second increase to the minimum wage would come on May 1. The minimum wage was raised by 2 pct on January 1 and the conservatives had promised a second increase at some point... a primary surplus worth over 2 pct of GDP for the period up to 2060. For 2022, after two years of running
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Enhanced support package on way to combat inflation, as govt awaits crucial nod from EU
PoliticsGreek Politicsestimates that the total cost of measures will more than double from 2 bln euros to between 4-5 bln... Transition Fund which has so far been used to fund the measures. At 1 bln euros, the fund, which... January has now plateaued at 364, while hospital admissions with Covid outnumber discharges by 1.8 to 1
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Lower trading income for NBG keeps net profits at 490 mln in H1
EconomyBankingcost in H1 was 1 basis point, from -2 basis points in Q1 this year Capital The CET1 ratio stands... were virtually unchanged, standing at 1.9 billion euros at the end of H1, from 2 billion euros in Q1... 80 pct. P&L Net interest income (ΝΙΙ) increased 1 percent YoY to 600 million. Net fee income
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Eurobank gears up for crucial but contentious capital increase
EconomyBankingafter the bank announced in mid-November plans to initiate a capital increase of circa 2 billion... shortfall of 350 million, since its third quarter EBA Core Tier 1 (CT1) ratio of 8.1 percent... of these shares stands at high levels (10 percent with a 2 percentage point step-up every year after 2014
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Newsletter 78 - 17/06/2016
if the primary surplus target of 3.5 percent is reduced to 2 percent after 2018, Greece’s debt is BoG concludes that even if primary surplus target of 3.5 percent is reduced to 2 percent after 2018... with a decrease in the number of unemployed by 77,400 to 1.2 million. The number of long-term (more than 1
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GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
EconomyMacroeconomyby 2 percent QoQ, while gross capital formation also fell by 4.5 percent compared to Q1. Imports... to drop by 4.1 percent in 2020 and public consumption is seen as rising by 1 percent. Final consumption represents the majority of GDP, making up around 94 percent of the total figure in Q2
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PM finalises relief measures in ambitious but risky move to sway voters
PoliticsGreek Politicsand unspent EU recovery funds. By confining the ultimate volume of the package to 2 billion euros, around 1... to 2 billion euros. The interventions are due to be announced when Mitsotakis makes the keynote speech... the top bracket. In total, it is estimated that this will amount to roughly 1.2 billion in foregone
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economypercent of total loans 2) Government has committed to increase public savings meaning... growth of 3 percent per annum in 2017-19. For 2016 in particular, the key drags to GDP involve: 1) Banks... imposed in 2012. Primary surplus is expected to improve close to 2 percent by 2019, yet it would remain
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