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Alpha Bank posts net profits of 53 mln in 2018
EconomyBankingeuros in total and consist of individual corporate loan sales and an unsecured portfolio. Overall... coverage ratio standing at 48 percent, and total NPE coverage at over 100 percent. The bank... at 16.2 billion, falling further to 7.4 billion by the end of 2021. In total, this represents
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingin mid-July 2018, meaning ECB funding makes up the total current sum. QoQ, the bank reduced its ECB... as of Q3 2019 was 14.4 percent, while pro-forma total capital, including the Tier II issue, came to 15.3... strengthen the CET1 and total capital ratio at 15.1 percent and 16.0 percent respectively. Commenting
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingfunding makes up the total current sum. QoQ, the bank reduced its ECB funding by 600 million euros... CET1 ratio as of Q4 2019 was 14.8 percent and total capital ratio at 16.8 percent proforma for the bank’s Tier II bond issued in February 2020. Including the 500 million Tier II bond, total capital
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April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct
EconomyMacroeconomyand assessed taxes). State budget total revenues amounted to 3.26 million euros, 1.16 million euros... the coronavirus pandemic. State budget total revenues stood at 15.43 billion euros, lower than the target..., interest payments stood at 2.50 billion. During the first four months of the year, total expenditure came
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Newsletter 255 -26/06/2020
percent to zero arrivals. In total, arrivals from the EU 27 countries fell by 87.5 percent YoY... showed a decrease of 35 percent to 943,500. In total, arrivals showed a drop of 36.1 percent... of the coronavirus pandemic. During the first five months of the year, total expenditure came
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Tourism turnover index slows but signs remain positive
EconomyMacroeconomyto -3.7 percent and -5.5 percent recorded in Q2 and Q3 respectively. Note that unlike previous years... million in 2012, according to the Association of Greek Tourism Enterprises (SETE). The total... by 3.3 billion euros in 2014-2020 would translate into foreign arrivals of 22-24 million and total
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammearrears to the private sector worth 5.5 billion in 2013, an additional clearance of arrears amounting... and tourism, which account for 2/3 of total exports, have significantly lagged other countries... and restructured loans at 40 percent of total loans by the end of 2013. The coverage ratio (cash
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OECD report paints grim picture for Greece's labour market
EconomyMacroeconomy. The report unveiled that real hourly wages in Greece fell for the fourth straight year by 5.5 percent in 2013... is clearly depicted in the nominal unit labour cost, defined as total compensation of employees divided... as real GDP divided by total hours worked) in Greece showed a slight rise of 0.4 percent in 2013 after
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DTA may spell new trouble for Greek banks
Agorainto common shares (capital increase) for a total amount resulting from the formula: (DTC over... DTA of 12.8 billion euros out of a total DTA of 15.6 billion. Of the DTC-eligible amount of 12.8 billion, 5.5 billion stemmed from PSI losses and 7.3 billion from credit risk provisions. More
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Primary surplus 3.1 bln above target in H1 on severe underspend
EconomyMacroeconomyof the full year (FY) target. Overall, the actual figure of total grants to social security sector... a primary surplus so far. Interest payments increased by 5.5 percent to 3.3 billion, slightly below target of 3.37 billion. As a result, the overall figure for total expenditure was contained by 6.7
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