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Back from the brink: What next for Greece's property market?
EconomyFeatures. But outside events can impact movement on the ground. As the pound continues to lose value post-Brexit... property buyers spiked immediately after the failed coup, and despite the value of the Turkish lira... price and therefore drag down the value of neighbouring properties. In response, the country’s major
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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturesor 54 percent of the total value of all payments. Cards were used in 19 percent of cases, or 39 percent of the total value paid at a POS. But this trend was not consistent, with significant... by Malta (97 percent). The value of these transactions in Greece was the highest of all countries
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Trade deficit narrows by 11.5 pct in November on higher exports, slower import rise
EconomyMacroeconomywith an absolute figure of 4.05 billion euros. The value of imports has remained above the 4-billion... pace and rose by 6.6 percent. Excluding the impact of oil products and the value of ships, imports... of oil products and the value of ships, aggregate imports and exports increased by 7.5 and 7.1 percent
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BoG sees ample capital space for banks to sell bad loans
EconomyBankingdriven by concerns of prices offered below the net book value that will translate into deterioration... for the sale starts at 3 percent of the portfolio’s nominal value, up to 20 percent. This is measured... portfolio in scope at 3 percent of nominal value and still maintain a CET1 of 16.8 percent. Similarly
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Greek banks complete first round of covered bond issues
EconomyBankingeuros in offers for an issue with an initial value of 500 million euros. The oversubscription... structure and total value of 500-million euros. It carried a fixed interest rate with a 3-year tenor... Bank’s latest issuance brings the total value of covered bonds issued by the four systemic banks
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Trade deficit falls by 0.8 pct in December, total imports outpace exports for 2017
EconomyMacroeconomy. The value of imports has remained above the 4-billion euro mark for a third consecutive month... exports to the EU grew by 10.8 percent. Excluding the impact of oil products and the value of ships... by 7.9 percent. Stripping out the impact of oil products and the value of ships, aggregate exports
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBanking, collateralised against 1,320 properties valued at 467 million euros, or 29 percent of the nominal value of the loans. The total value is 1.6 billion euros, though sources note that in the second phase, the bank can widen the pool of loans originating from the 116 companies, to increase the portfolio’s value
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Rising exports drive 16.6 pct contraction of February trade deficit
EconomyMacroeconomy, the value of imports has remained above the 4-billion euro mark for a sixth consecutive month... to non-EU countries grew by 10 percent. Excluding the impact of oil products and the value of ships... countries rose by 16.1 percent. Stripping out the impact of oil products and the value of ships
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Trade deficit falls by 23.1 pct in March on growing exports, falling imports
EconomyMacroeconomythe seventh month in a row where the value of imports has remained above the 4-billion euro mark... exports to EU countries grew by 3.3 percent. Excluding the impact of oil products and the value... those to EU countries rose by 11.3 percent. Stripping out the impact of oil products and the value
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingagainst 1,320 properties valued at 467 million euros, or 29 percent of the nominal value of the loans. The total value is 1.6 billion euros, though sources note that in the second phase, the bank can widen the pool of loans originating from the 116 companies, to increase the portfolio’s value
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