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Ministry urges borrowers to apply for home protection before scheme expires
EconomyBankingin the previous month compared to the end of 2019. In total, such proposals have risen from 402... nationwide, along with an online helpdesk. To date, a total of 19,305 borrowers have been served through... in the second half of the year by servicers. Seventy five percent of debtors received a haircut. Of the total
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Newsletter 246 -03/04/2020
security contributions for up to 2.4 million workers in total for 45 days. He added that the addition... another 1.4 billion. This means that the total cost of these measures for March and April will reach 5.1... pledged comes to a total of 6.8 billion euros, or around 3.5 percent of Greece’s annual GDP. Despite
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Current account shows deficit of 1.14 bln in February
EconomyMacroeconomyrose by 24.6 percent YoY. Travel payments came to 166.7 million, up by 1 percent. Total exports.... At the same time, total imports reached 4.32 billion euros, a rise of 1.3 percent YoY. On an aggregate... to the improvement of the non-oil balance of goods, while the oil balance increased by 11.8 percent YoY. Total
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Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
EconomyBankingto normal operations as soon as possible. A total of 25 billion euros in loans, guarantees and subsidies.... Of the total, around 18 billion euros will be used to support businesses and 7 billion... releases 3 billion funds from the banks, which upon leveraging will total 30 billion. Minister
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Current account shows deficit of 1.10 bln in March as Covid-19 hits trade & travel
EconomyMacroeconomy. Travel payments came to 60.5 million, down 75.7 percent. Total exports in March came to 2.40 billion euros, from 2.70 billion last year, falling by 11 percent YoY. At the same time, total imports reached... in turn. Total exports rose to 7.65 billion, a slight decrease of 0.6 percent. Imports decreased by 3.3
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Exposure to tourism sector a concern for banks despite effort to save season
EconomyBankingbillion euros combined in hospitality and real estate out of a total of 29.6 billion in loans for 2019. From the total, 14.7 billion euros were considered performing, of which 2.2 billion euros were... at a total of 24 billion euros, combining fiscal measures and guarantees, of which 7 billion have already
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Current account shows deficit of 1.13 bln in April, travel receipts crash as arrivals dry up
EconomyMacroeconomyrestrictions put in place in Greece and elsewhere to contain the coronavirus pandemic. Total exports.... At the same time, total imports reached 3.25 billion euros, a fall of 28.8 percent YoY. BoG noted... of the non-oil balance of goods, while the oil balance deteriorated. Total fell to 9.63 billion
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Current account shows deficit of 913.9 mln in May as travel receipts evaporate
EconomyMacroeconomypandemic. Total imports in May came to 3.18 billion euros, from 5.27 billion in May last year, falling by 39.7 percent YoY. At the same time, total exports reached 1.98 billion euros, a fall of 33.5... in exports. The total balance of goods deficit came to 8.07 billion euros. Exports fell to 11.61 billion
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Current account shows deficit of 1.42 bln in June, driven by slashed tourism revenues
EconomyMacroeconomyof revenue. Total imports in June came to 3.77 billion euros, from 4.29 billion in June last year, falling by 12 percent YoY. At the same time, total exports reached 2.43 billion euros, a fall of 10.2 percent... of the balance of goods fell, as imports decreased at a faster pace than exports. The total balance
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingof the amendments of the Capital Requirements Regulation (CRR) due to the pandemic. The fully loaded total CET1... percent, while NPE coverage increased to 44.4 percent. Total coverage stands at 101.3 percent. NPL... 32.7 percent a year ago. The NPL coverage ratio stood at 64 percent, while total coverage including
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