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Mandatory e-payments come into force as Greece seeks to boost card use further
EconomyFeatureswith most customers preferring cash. The advent of capital controls two years ago began to change... in ample will avoid the fine. Capital controls Greece has long been a nation of cash lovers, much... rise in card payment came about as a direct consequence of the capital controls enforced in 2015
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingoperations, a loss of 97 million from discontinued operations and an one-off capital gain of 144 million... the domestic core banks. Capital The Common Equity Tier 1 (CET1) ratio stood at 16.5 percent in Q2, while... of National Insurance is expected to close in H2 2017 with the positive impact on capital and liquidity seen
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBankinginclude a capital loss of 94 million and 56 million from the agreed sales of the Romanian and Serbian... markets. NBG notes that since the imposition of capital controls the bank’s deposit base in Greece has... from 86 percent in Q3, which remains the lowest among the domestic core banks. Capital The Common
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GDP growth slows in Q3 amid lower 2017 forecasts
EconomyMacroeconomytourism season. This offset the reductions in final consumption by 0.1 percent and gross capital..., Greece’s GDP grew by 1.3 percent thanks to 10.6 percent rise in gross capital formation and a 7.8... consumption is seen rising by 0.2 percent. Investments Gross capital formation recorded a drop of 8.9
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Banks gear up for stress tests, with results due in May
EconomyBankingGreece’s lenders with a complete picture regarding the need to cover any, if at all, capital requirements... months of that year and the only recently imposed capital controls. Additionally, as part of the new... the capital adequacy over the stress test period. Based on data for the first nine months of the 2017
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Newsletter 161 -11/05/2018
finds no capital needs, paving path for MoU exit The European Central Bank’s (ECB) Banking... capital needs while programme financing is still available. The IMF has in its assumptions for debt... and 14.52 percent for Piraeus. Under the adverse scenario, the capital of Greek lenders is seen being
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Eurobank net profits at 34.5 mln in Q1
EconomyBankingactivities and capital markets. Net fee and commission income accounted for 45 basis points of total assets... of which were brought forward for Greek banks and published on May 5, no capital shortfall was noted... of Bancpost Romania (closed in April 2018) is taken into account. The capital depletion stood at 3.4
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBanking, the bank reported that Alpha Bank registered the highest ending capital position among Greek systemic banks for year-end 2020, as well as the lowest capital depletion among Greek systemic banks under both... and methodological constraints. No capital plan was required. Capital The Common Equity Tier 1 (CET1) ratio
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GDP growth slows to 0.2 pct QoQ in Q2 due to lower investment, higher imports
EconomyMacroeconomypercent decline in expenditure by the general government. Gross capital formation declined by 2.2... by 1 percent this year. Investments Gross capital formation declined by 2.2 percent QoQ following an upward revised growth of 2.4 percent in Q1. On a quarterly basis, gross fixed capital formation
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Newsletter 173 -07/09/2018
, the highest since Q3 2016. Gross capital formation declined by 2.2 percent QoQ. The MoF expects strong... by the general government. Gross capital formation declined by 2.2 percent QoQ. On a quarterly basis, gross fixed capital formation remained flat. Compared to the same period last year, gross capital formation
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