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NBG completes sale of Finansbank to Qatar National Bank
EconomyBankingand the associated funding cost. The cash value of the pledged pillar II bonds stood at 1.5 billion euros in May implying the nominal value stood close to 3 billion. The ELA funding cost stands 150 basis
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ECB reinstates waiver in first step towards improving liquidity conditions for Greek banks
EconomyBankingcost for banks since the ELA funding cost stands 150 basis points above that of financing from the ECB
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Pending pensions mount up, complicating fiscal effort
Economythe cost of pending pensions. The Unified Auxiliary Insurance Fund (ETEA) that grants supplementary... pending pension lump-sums with an estimated cost of 966 million. Summing up, the total number of pending
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From Berlin to Brexit
Agorablinkered decisions but the true cost of the damage will only be clear when the dust settles...”. British voters were being asked to decide what they were afraid of most, the economic cost
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Legislative developments on restructuring and liberalisation of Greek electricity market
LegalEuropean Partners). The said auctions will provide third parties with access to PPC’s low-cost..., and reducing the cost and improving the quality of electricity supply to end consumers. It should be noted
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ELSTAT revises 2015 primary surplus downward to 0.15 pct of GDP, slightly ups debt
EconomyMacroeconomythe cost of 7.17 billion in bank support produces a primary surplus of 259 million under... of 6.05 billion but excluded the cost of a higher (compared to ELSTAT figure) bank support of 7.41 billion
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Report reveals institutions’ views on labour market reforms
EconomyProgrammethe collective agreement framework contributes to companies’ flexibility to adapt their labour cost via..., arrangement of working time, reduction in the non-payroll cost via tackling of undeclared work
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PMI drops for third straight month to hit one-year low of 48.3 in Nov
EconomyMacroeconomysince May. The cost burden on Greek manufacturers rose at the fastest pace in the last 16 months, mostly... for Greek goods continues to inhibit growth in the sector”, while “with cost pressures also mounting
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The key elements of the draft agreement between Greece and lenders
EconomyProgramme) will result in cost savings of 570 million by 2017, 808 million by 2018 and 853 million by 2019, while... (without quantifying the cost savings) and implementation of the reformed performance assessment scheme
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBankingexpenses) by 8 percent per annum from mid-2016 until the end of 2019 and a cost of risk (provisions over... per annum and an average cost of risk (CoR) of 1.3 percent. Under this scenario, CET1 ratio is seen
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