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ND tries to swerve fresh graft claims as EP scandals, phonetapping hang over budget debate
PoliticsGreek Politicsupset the balance. As lawmakers enter the final stretch of the budget debate in Athens, the tit... on the budget, before attacking ND’s record on the economy. While government sources are hinting
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoraconstraints and new credit transmission channels As graph 2 (below) underlines, the total volume... country like Greece and the latter implementing an EU-funded bank restructuring process totalling 100..., the Bank of Greece and the Ministry of Finance.[2] The internal bad bank model for Greek institutions
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Newsletter 14 - 06/02/2015
(ENFIA abolition and new taxation) was estimated at 2 billion. However, citing government sources... of 300,000 euros. The estimated revenues from this new tax have not yet been disclosed. 2. Reports also... of Greece. For the whole year the time deposit rate recorded a drop of 100 bps on the end-2013
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The key points from lenders' proposals to Greece
EconomyProgrammeprimary surplus targets of 1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... for corporate income tax from 55 to 100 percent, abolition of subsidies for heating oil and for excise... for everybody retiring after June 30 2) Consolidation of all supplementary pension funds
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Greek stocks rise by 16 pct during week on hopes of deal in Brussels
Economythen the market slightly corrected on Wednesday and rebounded by more than 2 percent on Friday ahead... of these days. In the following two days it stayed close to 100 million, while fell to 65 million.... The dividend is due to be paid on July 2. Next week Public Power Corporation (PPC), Piraeus Bank
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomyin the time deposit rate led the weighted average rate on new deposits down by 2 bps to 1.10 percent... over 1 million to 4.68 percent, which is the lowest reading since October 2010. 2) A rise by 47 bps... and almost 100 bps above the eurozone average rate. The interest rates in consumer loans showed mixed
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankinginterest income (NII) fell 2 percent quarter on quarter (QoQ) to 738 million mostly due to negative FX... of the Eurosystem funding by 2 billion euros QoQ fully attributed to lower Emergency Liquidity Assistance... of around 1 billion and sale of 100 percent of Finansbank. However, since the completion
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Newsletter 51 - 12/11/2015
already clarified it would also seek state aid of 2 billion to cover its total capital shortfall... for the 2 billion, plus 10 billion for the banks, to be released. Those pending matters consist... to the scheme allowing tax debtors to pay in up to 100 instalments, equivalent fiscal measures
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economypercent of total loans 2) Government has committed to increase public savings meaning... imposed in 2012. Primary surplus is expected to improve close to 2 percent by 2019, yet it would remain..., assuming optimistic nominal GDP growth of 5 percent, primary surplus of 2 percent and current borrowing
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingmillion and goodwill write-off of 432 million) 2) One-offs of 138 million, with the bulk stemming from... rose 2 percent QoQ, while eased 0.3 percent to 1.3 billion for the whole year. In Greece, costs fell... bps in 2016 and around 100 bps over the medium term. On the asset quality front, non-performing loan
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