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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingquarter of last year are priced higher than the total portfolio, stimulating the NII dynamics... wholesale funding cost impact following the total elimination of Emergency Liquidity Assistance (ELA... funding in mid-July 2018, meaning ECB funding makes up the total current sum. Management said
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankingentered into a strategic agreement with Intrum for the management of NPLs worth a total of 27... inflows, plus third party REOs. The agreement values the platform at 410 million euros. The total... by 86 million in Q1, marking a fourth consecutive quarter of declines, bringing the total to 13
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Current account balance shows surplus of 1.28 bln in July
EconomyMacroeconomyago. Total exports in July came to 3.03 billion euros, against 2.86 billion in July last year, showing a rise of 6 percent. At the same time, total imports reached 5.04 billion euros, from 4.69... billion to a deficit of 13.61 billion. Total exports rose by 2.2 percent, while imports rose by 4.7
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Newsletter 222 -04/10/2019
still stood at 45.4 percent of total loans, down from 47.2 percent. Meanwhile, the effects from... for such hotels. For 2019, total losses to Greek hotels stemming from the collapse of Thomas Cook were estimated at 315 million euros. Out of the total, 138.2 million euros relate to pre-collapse amounts, and 52
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Govt proposes property VAT reduction to kickstart home sales
EconomyFeaturesslow. In the first seven months of this year, building permits rose by 4.5 percent. Total permits..., when the total came to 414.7 million euros. For the first half of 2019, the net amount... to the third quarter of 2019, a total of 5,302 individual residence permits were granted via
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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBankingof Greek SMEs secured with real estate assets with total on-balance sheet gross book value... ratio at 67 percent. Total coverage including collateral came to 119 percent. Regarding the auctions of repossessed assets, a total of 2,568 auctions were held between January to October. The success
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBankingaround 700 million euros. In Q3, a total of 1,970 property auctions were noted with 27 percent..., with the total now representing only ECB liquidity. YoY, Eurosystem funding has fallen by 9.8 billion... the figure for total deposits to 42.3 billion euros in Q3. On an annual basis, deposits have increased by 4.7
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Government opts for modest tax relief, but who will benefit?
EconomyFeaturesjust starting out who will be taxed at a lower introductory rate. The total cost of adjusting... to roughly 40 percent of total declared incomes. Business Also included in the tax package is a reduction... percent in 2021. Tax on dividends has been halved from 10 percent to 5 percent, at a total cost of 75
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Current account lands on deficit of 673.4 mln in October, aggregate at deficit of 697.4 mln
EconomyMacroeconomyYoY. Total exports in October came to 2.77 billion euros, from 3.02 billion last year, a drop exceeding 8 percent. At the same time, total imports reached 4.82 billion euros, from 5.43 billion euros... billion, from 18.97 billion in the ten months of last year. Total exports rose to 27.04 billion, from
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Current account posts deficit of 1.39 bln in November
EconomyMacroeconomy. Travel payments rose to 226.4 million, up by 38.9 percent. Total exports in November came to 2.64..., total imports reached 4.32 billion euros, declining by 7.4 percent YoY. On an aggregate basis, the C... months of last year. Total exports edged down to 29.68 billion, dropping by 0.8 percent. Imports
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