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Newsletter 49 - 30/10/2015
Central Bank shows that Greeks lost on average 16,909 euros per person in the four years from 2009... and Development (OECD) found that household disposable income fell by 27.5 percent per capita in Greece from... promises to the contrary, meaning that a minimum of 2.6 billion euros (or 525 euros per owner) will have
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Now comes the really hard part
Agoraby the European Central Bank shows that Greeks lost on average 16,909 euros per person in the four... Cooperation and Development (OECD) found that household disposable income fell by 27.5 percent per... the government’s earlier promises to the contrary, meaning that a minimum of 2.6 billion euros (or 525 euros per
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Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankingdue to pay within the first half of 2016. The number of transactions per card remained unchanged at 16. Nevertheless, the average value of transactions per card dropped by 10 percent to 1,781 euros, mostly reflecting a similar decrease in that per debit card to 1,991 euros. Moreover, the average
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China's footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agoraand Slovakia represented 95 per cent of total Chinese FDI within the 16+1 framework in 2016. Greece... 2016, COSCO acquired 51 per cent of PPA for the price of Euro 280.5 million. The Chinese investment..., the world's biggest utility, purchased a minority stake (24 per cent) in Greece's power grid operator ADMIE
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Card usage gains traction with debit cards leading the way, BoG finds
EconomyBankingversus 60 billion euros in 2017. The average number of transactions per card increased by 20 percent YoY, or 54 transactions from 45. The average value per transactions remained similar to the level in 2018. Meanwhile, the average value of transactions per card increased by 3 percent YoY and came
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A sudden turnaround that could lead to sharp shock
Agorapct of services receipts, while shipping is more consistent in the region of 3.4 to 3.9 billion per.... Households consumption has been hovering around 32 billion euros per quarter over the last year, averaging around 10 billion euros per month. So far, only supermarkets have seen a surge in sales
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The numbers behind Greece's reform proposals
EconomyProgrammeof the key economic aspects of the document. The list did not refer to anticipated revenues or the cost... obligations to banks. The cost of capital for this entity was estimated by SYRIZA at 2 billion euros... that this cost could be covered by the HFSF capital buffer of 10.9 billion euros, although
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingtrends are expected to be broadly maintained for the whole year. On the cost front, core expenses were... that burdened the previous quarter. The bank had booked the cost of a voluntary retirement scheme (VRS) in Greece of 64 million in Q4. It recorded another similar cost of 31 million in Q1 related
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBanking(QoQ) on the back of net interest income (NII) rebound and cost containment. NII rose 3 percent QoQ to 478 million largely on reduced funding cost attributed to lower reliance on the Emergency Liquidity Assistance (ELA) funding and government guarantees as well as lower deposit cost. In contrast, fee
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBankinginterest (NII) and commission income and cost containment coupled with lower loan provisions... million. The NII increase mostly reflects lower funding cost due to reduced reliance on Emergency Liquidity Assistance (ELA) funding and repo cost at negative rate, which more than offset the negative
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