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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingof the targeted cost synergies and 100 percent of funding synergies related to the acquisition of 5 banks.... As a result, loan to deposit (LTD) ratio improved by more than 5 percentage points QoQ to 102.3... quarter at 10 billion, while excluding EFSF bonds, the net Eurosystem utilisation reached at 5 percent
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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingreflecting a 25 percent jump in operating expenses, while operating income also fell 5 percent QoQ on higher... synergies and 100 percent of funding synergies related to the acquisition of 5 banks (ATEbank, 3... corresponding to a cost of risk of 2.85 percent. For the whole year, cost of risk stood at 5 percent
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Newsletter 28 - 29/05/2015
indicate that a surplus of around 1 percent will be agreed for this year, 1.5 for 2016 and 3.5... secured by Sunday, or June 5, when Greece has to pay the IMF 300 million euros, is very slim. common... of this being secured by Sunday, or June 5, when Greece has to pay the IMF 300 million euros, is very
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Greek SMEs face biggest obstacles to finance in euro area, ECB finds
EconomyMacroeconomyfor countries such as Germany (23 percent), but not for Greece where the respective rate of 5 percent remained by far the lowest. On a scale of 1 – 10, Greek SMEs rated importance of access to finance at approximately 7, which is the highest in the euroarea and above the average of 5. Greek SMEs also
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Lafazanis out of blocks early, announces anti-bailout party ahead of bailout vote
PoliticsGreek Politicsabstained and 1 was absent in the first vote on prior actions, while there were 31 Nos and 5... voted “No” in the July 5 referendum. Lafazanis sees this vote as legitimising his move to split from... represent only around 5 percent of voters. It now remains to be seen if other, weightier figures, from
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Apartment prices drop by 2.7 pct in Q2, slowest rate since Q1 2010
EconomyMacroeconomyprices are projected to further drop by 5 percent in 2016 and by another 1 percent in 2017, according... a marginal drop by 0.1 percent in Q1. The breakdown shows that the prices of new apartments (up to 5 years... transactions. In 2015, apartment prices contracted by 5 percent, at a decelerating pace from the 7.5 percent
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How Greece sleepwalked off a cliff in 2009, in black and white
Agorain September was 1.5 percent of GDP, while during the year the deficit had been growing by 1... in the fact that in 2009 the primary deficit was expected to reach somewhere between 4 and 5 percent of GDP... be the utmost priority for Greece's fiscal policy. Primary surpluses between 5 and 6 percent of GDP would
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Government move over primary residences raises questions
PoliticsGreek Politicslead to the April 5 Eurogroup not giving the green light for almost 1 billion euros in debt relief... Eurogroup on 5 April," he said. In Athens, government officials insisted that Greece is not acting... on with the job of legislating the new framework ahead of the April 5 Eurogroup. As with the discussion
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Greek banks eye positive market appetite for bad loan sales
EconomyBanking1 billion euros that will result from the securitisation will be covered by the issue of a bond... with a goal for it to be concluded by July 2020. The bank will retain 100 percent of the senior notes and 5... a securitisation of 5 billion euros in gross loans and consists of commercial and residential NPEs
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Golden Dawn sentencing excites political controversy
PoliticsGreek Politicsorganisation face jail terms of 5 to 15 years, while those convicted of membership can be jailed for between 5 and 10 years, which can be reduced to between 1 and 5 years or even suspended if the court
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