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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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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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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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Newsletter 164 -08/06/2018
growth of 2 percent in Q4. The headline GDP growth on an annual basis is the highest since Q1 2008... anticipates growth of 2 percent this year. Figures from the MoF also showed this week that Greece’s... billion. Expenditure declined by 244 million euros (1 percent) and came to 23.81 billion euros
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Report exposes fractured and incomplete response to refugees
Societyaround 1 million euros from a total of 322.8 million euros it had available. At the same time... million euros was allocated for a revised PHILOS 2 project, along with a 400-euro stipend for staff... the country that the PHILOS 2 project had envisioned. The report showed that as of May 2019, there was only
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