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Newsletter 333 - 01/04/2022
to spend up to 2 billion more this year than initially envisioned in this year’s economic plan. Staikouras stressed that it is not certain that the full 2 billion euros will be spent. This move allows... 50.44 billion euros from taxes this year, with VAT representing more than a third of total tax
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Rising contributions spark concern in key voter groups
PoliticsGreek Politicsand employees. New Democracy has targeted a 2 pct of GDP primary deficit this year and, for the time being, remains committed to producing a 1 pct of GDP primary surplus next year. This will involve..., but next year is projected to be below 2 pct, underlining the difficulty of the task facing
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NBG reports 652 mln profit in 9M, core PPI up 14 pct
EconomyBankingof 11 percent. Pre-provision income (PPI) stood at 935 million euros, down by 2 percent on the 958... million euros, up by 2 percent YoY. Balance Sheet Group deposits amounted to 55.68 billion euros in 9M... funding cost in 9M was 4 basis point, from 1 basis point in H1. Capital The CET1 ratio stands at 16.2
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Newsletter 420 - 12/04/2024
mature party with a loyal base. The Alco poll shows that PASOK has attracted 2 pct of voters who backed... Stability and Growth Pact rules and Greece's long-standing commitment to primary surpluses above 2 pct... burden. Hatzidakis unveiled a total package of 870 million euros, with the lion's share coming from
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Alpha NII at 1.22 bln in 9M, fees up by 11 pct YoY at 306 mln
EconomyBankingmillion euros in the same period of 2023, a drop of 2 percent. Normalised profit after tax for 9M was 666... and 73 percent from collateral. P&L NII was 1.24 billion euros in 9M, up by 2 percent year-on-year... loaded Common Equity Tier 1 (CET1) ratio in 9M stood at 15.5 percent, from 13.7 percent a year ago
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Newsletter 449 - 31/01/2025
briefing the local press that after a successful 2024 that brought in an additional 2 billion euros... was stable at 9.4 pct, closing the year with an improvement of 1 percentage point, leading... people, with total employment comfortably staying well above the four-million mark, at roughly 4.27
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Rental subsidy rekindles political debate over housing crisis
PoliticsGreek Politicsthat its previous subsidy schemes, My Home 1 & 2, failed. He also criticised the PM for failing... that the measure was not a “panacea” for the housing crisis, but was not insignificant either. The total... the My Home 2 scheme, also aimed at providing homeseekers with financial assistance. PASOK has
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Who pays property tax and how much revealed by Greek authorities
EconomyMacroeconomyof the total or 2 million individuals declare one property right, 1.39 million two rights... into who paid the levy. The total ENFIA due in 2016 amounts to 3.18 billion euros and stands 2.2...) of 2016 ENFIA stems from 7.37 million individuals that would have to pay a total amount of 2.71
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General govt primary cash deficit of 1.85 bln in Apr as revenues decline
EconomyMacroeconomyrefunds (+16 million) and SSfs (+2 million). Since the start of the year, total arrears have fallen... up 69 percent of the total. A very slight rise of 2 million euros was noted in Bank of Greece funding... euros, bringing the total figure to a deficit of 278 million euros. The equivalent figure
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What do EBA tests reveal, or fail to highlight, about Greek banks?
Economyhalf results in August. In particular, Alpha EBA Core Tier 1 (CT1) ratio was disclosed by EBA... percent of CT1) of the total PSI-related DTA, while CRD3 rules allow full recognition. This explains... recently initiated a share capital increase process to raise 2 billion euros through a marketed equity
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