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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBankingof declines, bringing the total to 11.1 billion euros. The NPL ratio came to 25.9 percent from 29 percent... euros. In H1, a total of 1,487 property auctions were noted with 29 percent conducted, 38 percent... 2019. Emergency Liquidity Assistance (ELA) funding has been fully eliminated, with the total now
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Piraeus announces Q1 loss of 407 mln as provisions mount
EconomyBanking) to 76 million euros, while total operating expenses stood at 225 million, a drop of 1 percent YoY... securitizations, with 7 billion total gross book value, in Q2, further decreasing the NPE stock of the Group. Pro.... Balance Sheet Customer deposits grew to 50.4 billion euros in Q1, a rise of 8 percent YoY and 2
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Newsletter 410 - 02/02/2024
it was in the range of 10 pct of GDP and represented more than 40 pct of total investment in the same period... of GDP in 2017. Meanwhile, housing dropped to just 5.2 pct of total investment in the same year... Airbnb, leading to a total shortage of properties by 212,000. With such a market imbalance it begs
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Newsletter 451 - 14/02/2025
billion euros, reaching 2.4 bn, equivalent to around 1 pct of Greek GDP. The balance shows a small surplus in Greece's favour of around 204 million euros, as imports from the US were just under 2... exports have had a difficult time in recent years, as total exports continued to decline, falling
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NBG strengthens capital at deep discount, falls short of initial target
Agoraeuros to cover its total capital shortfall. This figure is higher than the 2 billion initially suggested.... The bank said it has raised a total of 1.17 billion euros so far, including the outcome... billion. Since the bank aims for state aid to cover its total capital needs, the remaining bonds from
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agoraformation of just 2 million euros in Q2. Overall, the four banks recorded a negative NPL formation... million, involved corporate loans. As a result, the total stock of the four banks’ NPLs edged down... percent of the total NPE reduction respectively Core revenues On the core revenue front, net interest
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General govt primary cash surplus at 4.10 bln in seven-month, arrears rise to 5.44 bln
EconomyMacroeconomy. The deficit in local government eased to 2 million euros, improving on the previous month’s deficit... (-7 million), hospitals (-4 million) and local governments (-1 million). From the beginning... at the end of July, constituting 42.4 percent of total arrears. Tax refunds were the next largest
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Draft budget highlights taxpayer fatigue, creates policy mix doubts
EconomyMacroeconomymonth and they took a major hit in July when unpaid taxes jumped by 2 billion euros. According... that this underperformance in revenues will also be more evident when the full-year picture emerges. Total revenues have... euros. This total figure is even lower than in 2016, when it landed at 52.34 billion. In the draft
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BoG sees ample capital space for banks to sell bad loans
EconomyBankingof provisions and total coverage ratio including collaterals. The study’s objective is to assess.... The analysis finds that in scenario 1, Greek lenders can sell the entirety of the consumer loan..., in scenarios 2 and 3, Greek lenders can sell more than 75 percent of portfolios in scope, i.e. 27.1
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New businesses lowest in Greece versus EU with funding obstacles burdening enterprises
EconomyFeaturesto data from Eurostat, tracking the growth of new businesses in 2017. The data showed that the total... generated by these newly created enterprises came to 2.4 percent of total employment in the EU in 2017... percent). New businesses as a percentage of total active businesses was the lowest of all EU 27
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