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NBG profits up to 714 mln in 9M as NPE ratio is reduced further
EconomyBankingin 2020, was up by 6 pct at 1.11 billion euros. Asset quality NPEs continued to drop, standing at 3.7... billion euros. The bank’s guidance for next fiscal year is 1.8 billion euros of NPEs and a ratio of 6 pct... capital ratio reached 17 pct, comfortably exceeding the minimum regulatory levels by more than 6
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Parliament starts debating censure motion as poll captures falling support for government
PoliticsGreek Politics), 26 from SYRIZA, 11 from New Left, 6 from Course for Freedom, 6 from Movement for Democracy... and SYRIZA from 6.4 pct to 6 pct. At the same time, Greek Solution has picked up 1.3 points to rise
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Growing hopes that Greek recession will be milder than expected
Economythis year, which is much softer than its previous forecast for a recession of 2 percent for 2015. Note, though, that the bank expects a bigger decline in 2016, when it believes GDP will fall by 2 to 3... by 1.5 to 2 percent this year, on the back of a drop in private consumption by 1.5 to 2 percent
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Newsletter 73 - 13/05/2016
that are estimated to yield 2 percent of GDP and overall two-thirds of the required fiscal measures... by five years, reprofiling the amortisation scheme and capping the interest charged to Greece at 2... worth 2 percent of GDP. The fact that all 153 government MPs voted for the package, which contained
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Newsletter 158 -20/04/2018
just over 2 percent. There is also the matter of defining the post-MoU surveillance... consequences. 2 Industrial turnover up by 3.1 pct in February Twelve-month trailing index grows by 9.6... surpasses the previous high of July 2017, when new overdue taxes rose by 2 billion. Greece’s new tax debt
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Newsletter 178 -12/10/2018
growth at 2 percent. For next year, GDP growth is revised upward to 2.4 percent, from 1.8 percent... previously, albeit higher than the last quarter of 2017, when the economy grew by 2 percent. Real GDP... has much ground to cover in order to meet its privatisation target of around 2 billion euros
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GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
EconomyMacroeconomycapital formation fell by 5 percent YoY, while gross fixed capital formation showed an increase of 2... budget, Greece’s GDP is expected to grow by 2 percent this year and 2.8 percent in 2020. The IMF meanwhile anticipates growth of 1.8 percent this year, followed by 2.3 percent in 2020 and 2 percent
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Macroeconomic fundamentals for Greece
Agora. Figure 2 shows that these efforts are yielding some success. The number of inactive people... with Figure 2 above, the participation rate is assumed to increase from around 51 percent of the WAP... growth rebound after the Corona pandemic. As Table 2 demonstrates, because of unusual shocks
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Greek banks' equity raising could keep official support to a minimum
Economyoutstanding bank bonds. Of this amount, 533 million relate to senior securities, 267 million to Tier 2... percent of nominal value for senior notes, at 80 percent for Tier 2 and at 50 percent for Tier 1... are senior notes, 84 million preferred securities and 18 million hybrid (Tier 2) notes. For senior notes
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Stock market slips 1.4 pct dragged by huge bank losses
Economyof the first set of milestones and the European Stability Mechanism (ESM) disbursed the sub-tranche of 2... trading on December 2. For the same reason, NBG stock will cease trading from December 30 until December 2 and the new shares will trade again as of December 3. NBG will run a Greek public offer for up
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