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Newsletter 168 -29/06/2018
and trends in total factor productivity, as captured in the adverse scenario. The Commission concludes.... Primary expenditure stood at 16.10 billion euros, above target by a slight 5 million euros. Net... of positive inflows Total deposits, which also include the general government (gg), rose by 1.43
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingfor the first half (H1) of the year came to 12.3 million euros. Core pre-provision profit (PPI) rose by 5..., with the NPE cash coverage ratio standing at 50 percent, and total NPE coverage at 105 percent. The stock..., with the NPL cash coverage ratio at 73 percent and total coverage at 127 percent. At the end of June
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Mortgage loans a key piece of NPL reduction puzzle
EconomyBankingaverage of under 5 percent and the highest of all EU countries. However, numbers still remain high... of roughly 21 to 38 percent of the current total. In an interview with Kathimerini newspaper.... Out of total mortgage loans of 63.5 billion, 44.3 percent or 28.13 billion are classified as non
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Travel balance up by 1.4 pct in August as EU arrivals jump by 17 pct
EconomyMacroeconomyarrivals, coming to a total of 6.1 million visitors for the month, although the average expenditure per..., receipts rose by 5 percent to 1.78 billion. Receipts from travellers within the EU but not euro... from Russia fell sharply by 32.2 percent to 96,700. In total, arrivals from the EU 28 countries rose
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Alpha Bank and Eurobank start new year with further bad loan sales
EconomyBankingunsecured NPLs (Mercury project) with a total outstanding balance of 2.1 billion euros and a total... by the bank, from December 2018 to December 2019, NPEs are expected to fall by around 5 billion... pile. The merger also meant that Eurobank is now the best capitalised bank in Greece, with total
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Newsletter 189 -11/01/2018
/ESM/IMF loans edged down by a slight 2 million, and represented 71.5 percent of the total debt...) guarantees, which make up 17 percent of the total guarantees, fell by 856 million during the month.... Industry confidence remained negative for a third consecutive month and came to -5 compared to -3.2
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Tourism continues on upward trajectory as latest figures signal record-breaking arrivals
EconomyMacroeconomycompared to last year. This was driven by a 13.6 percent rise in visitor flows to airports and a 5... in the first nine months of the year. Total receipts from cruise passengers were down by 2.9 percent... arrivals fell by 7.2 percent in the month and by 2.4 percent in the aggregate period. In total
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Newsletter 196 -01/03/2019
of the three (out of a total of 16 reforms) with which the European Commission is not yet satisfied... level of ambition” in tackling state arrears, noting that the effort to bring total arrears down close... fallen by 2.6 points. Consumer confidence fell by 5 points month-on-month to -33.3 in February
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Debt relief measures move ahead as Athens prepares to use fiscal space
EconomyProgrammein total, the European Stability Mechanism (ESM) will transfer 644.42 million euros, which relates to the income earned on SMP/ANFA bond holdings. The total financial benefit of the measures agreed... a decision by the Eurogroup on April 5, when eurozone finance ministers agreed that Athens had completed
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Regling underlines concerns about fiscal target after voter-friendly measures
EconomyProgrammebetween March and August 2018, which took the total of the third programme to 61.9 billion euros... the programme was agreed in 2015. Of the total funds allocated for the third programme, 7 billion euros... up to cushion it in the post-programme period. The ESM estimates the total cash resources of Greece
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