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GDP grows by 0.1 pct in Q4, up by 1.4 pct in 2017
EconomyMacroeconomy. These falls were partially offset by a 27.8 percent rise in gross fixed capital formation during... percent increase in gross capital formation compared to 2016, as well as exports of goods... the year. Investments Gross capital formation grew by 9.9 percent QoQ following a revised drop of 7.4
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Banks focus on defining challenge of reducing NPEs
EconomyBankingnot indicate any need for raising significant additional capital, Greek banks can now continue without... Global Management, Bain Capital, Davidson Kempner Capital Management and Kildare partners... they are implementing their capital plans correctly. This month, Greek lenders are expected to submit
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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomy) has shown. The study, titled “Digital payments after capital controls: Support measures and tax revenues” looked at electronic modes of payments (EMP) which increased after capital controls, and how they could be further boosted. It tracks the imposition of capital controls, along with their gradual
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Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
EconomyBankingthe need for any additional capital requirements, the sector did not see the anticipated signs of relief... move, it made the banks’ capital adequacy in the future an additional consideration. Reducing bad...’ balance sheets in a capital neutral transaction and then include paid-in capital in way of provisions
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingthat is expected to increase the bank’s capital value by 1 billion euros. The deal will take the form... percent of Eurobank. The merger will create the best capitalised bank in Greece, with total capital ratio... to cause capital requirements of between 1.1 to 1.2 billion euros due to the difference between the book
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Contraction of 0.1 pct in Q4 sees 2018 GDP fall slightly below target at 1.9 pct
EconomyMacroeconomycapital formation declining by 10.7 percent QoQ, with gross fixed capital formation falling by 3.6..., in Q4 gross capital declined by 10.7 percent QoQ, following a 14.3 percent rise in Q3. Compared to the same quarter of 2017, gross capital formation increased by 4.1 percent. YoY, gross fixed capital
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GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
EconomyMacroeconomyfixed capital formation declining by 8.4 percent QoQ, while gross capital formation rose by 3... showed that GDP movement was driven largely driven by gross capital formation dropping by 5.1 percent while gross fixed capital formation dropped by 6.4 percent YoY. Exports of goods and services rose
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BoG highlights how Covid-19 compounds legacy issues and structural challenges
Economybillion from the previous quarter and 46.3 billion euros from the March 2016 peak. The capital base... for the IFRS 9 phase-in at 12.1 pct and the Capital Adequacy Ratio at 13.8 pct. However, more than half of the capital base is Deferred Tax Credits (DTCs), with the portion expected to rise as banks proceed
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GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
EconomyMacroeconomya contraction. The GDP movement in Q2 was largely driven by gross fixed capital formation declining by 2 percent QoQ, while gross capital formation also fell by 4.5 percent compared to Q1. Imports... that GDP movement was largely driven by gross capital formation dropping by 9 percent while gross fixed
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GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
EconomyMacroeconomypercent. Gross fixed capital expenditure dropped by 0.4 percent QoQ while gross capital formation.... Imports of goods and services rose by 6.4 percent YoY. Gross fixed capital formation fell by 0.3 percent, while gross capital formation rose by 31.5 percent. Final consumption expenditure rose by 1.6
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