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Cosco's 369 mln Piraeus Port improved bid accepted, seals latest privatisation
EconomyBankingin the BoD for the next five years. After the completion of the second stage, it will hold 7 percent in OLP and 1 position in the BoD. It is reminded that COSCO, one of the largest Chinese state-owned... been effective from October 1, 2009, involved the management of OLP’s Piers II and III
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingraising in November, the bank’s Common Equity Tier 1 (CET1) ratio reached 16.7 percent, while... targets a return on assets (RoA) ratio above 1 percent, cost to income ratio at 40 percent (from 50... anticipates that the lifting of capital controls within 2016 will trigger the return of around 7
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Newsletter 68 - 01/04/2016
and indirect taxes, each yielding 1 percent of GDP. On the pension front, on top of measures already... percent. What remains under discussion are the other tax revenue measures yielding 1 percent of GDP... intends to pay state arrears of 7 billion euros to the private sector by the end of the year
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General government primary cash surplus triples to 3 bln by February, arrears climb to 6.1 bln
EconomyMacroeconomyof 2016 from 1 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin... to 13.3 billion primarily attributed to a notable rise in transfers by 1 billion to 2.07 billion, while..., the Alternate Finance Minister Giorgos Houliarakis recently pledged for payment of 7 billion arrears
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With review completion in sight, which way next for Greece?
Agoraalmost 7 billion. The benefits for the Greek economy of this money coming in, as well as a sense... lifting for the time being. The 1 percent of GDP in further fiscal measures (mostly rises... will have to be activated, and to achieve a much bigger corrective adjustment (say 0.5 to 1 percent
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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomyto 6.18 percent. Lower rises were recorded for amounts over 1 million euros (+16 bps) and for amounts between 250,000 and 1 million euros (+6 bps). As a result, corporate loan rates in Greece remain 250-350... (mostly credit cards) remained almost stable at 14.47 percent. BoG figures also showed a 7 bps
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingmillion in Q1. Core pre-provision income (PPI) improved by 7 percent quarter on quarter (QoQ) to 247 million, mainly reflecting lower costs related to pillar II bonds. Net interest income (NII) edged up 1... from 92 percent in the previous quarter remaining the lowest among core banks. The Common Equity Tier 1
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Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
EconomyMacroeconomybps to 5.42 percent, while the rate for loans between 250,000 and 1 million euros declined by 49 bps to 4.84 percent. A smaller decrease of 37 bps was recorded in corporate loans for amounts above 1... almost stable at 14.48 percent. The housing loan rate retreated by 7 bps to 2.62 percent, while
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Greece and lenders trap themselves over labour reforms
Agorameasures that the lenders are demanding: A 1 percent of GDP reduction in the tax-free threshold for personal incomes and another 1 percent of GDP cut in pension spending. Also, it might... 7. However, at least a path to a compromise is visible as far as the fiscal issue is concerned
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Athens, lenders trying to put last pieces in place for technical agreement
EconomyProgramme(for a single person) close to 5,900 euros with additional revenues targeted at 1 percent of GDP... additional savings of 1 percent of GDP from the elimination of the so-called personal difference... that even under this scenario, securing a staff-level agreement (SLA) for the April 7 Eurogroup might
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