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Troika returning to Greece but key decisions still months away
PoliticsGreek Politicsprovisions that should be amended or repealed. The Paris-based organization estimates the benefit... is how to cover Greece’s funding gap for this year, which is estimated to be 4.4 billion euros by the IMF, and then how much will be needed to finance the country in 2015/16. The IMF estimates
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How Greek banks moved into a new era
Agora, with banks’ current estimates pointing to a peak of the NPL ratio close to the end of the year easing... this year. Current consensus estimates point to a loss-making year for all banks except National, while... was estimated at 5.8 billion under the binding baseline scenario and at 8.8 billion under
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Newsletter 3 - 14/11/2014
the troika reportedly estimates at 2.6 billion euros as it believes that the law passed last month... after 16 successive quarters of recession, according to the flash estimates published by the Hellenic... increases the potential revenue for the state. The government had reportedly estimated next year’s
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBanking. The bank estimates synergies of 10 million and positive liquidity of 0.3 billion due to the acquisition... Ahli Bank of Kuwait for a consideration of 150 million dollars. The bank estimates... cash buffer is estimated at 12 billion based on the current collateral valuation and haircut regime
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomy. The key macro assumptions and fiscal estimates in line with those agreed with the institutions in mid.... For 2016, GDP is expected to slip to 173.37 billion. Fiscal estimates The primary balance based on the Economic Adjustment Programme (EAP) methodology is estimated to show a deficit of 418 million
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingestimates CoR to land at 140 bps for the whole year. Cumulative provisions marginally fell to 17.31.... Based on current collateral valuation and haircuts, Piraeus estimates its ELA collateral buffer... in the departure of around 1,000 full-time employees with the annual benefit estimated at 40 million
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Newsletter 97 - 25/11/2016
(440 million). On the expenditure front, the budget estimates net savings by social security... and funding. The rating agency estimates that banks’ non-performing exposure (NPE) ratio will decline to 40... and 2018. In specific, the primary surplus is estimated to reach 1.09 percent of GDP this year and 2
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Greece announces return to markets with 5-year bond, mostly targeting swap
Economy. Unlike the optimism created after the April transaction, the next issue in July fell short of estimates as the total offers reached 3 billion, while the coupon stood at the high end of initial estimates... conditions, while the settlement is estimated to take place on August 1. “The switch and tender offer
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Travel balance up by 81.4 pct in November, foreign arrivals increase
EconomyMacroeconomyvisitors, meaning that according to BoG at least, 2017 is set to exceed SETE’s estimates. Furthermore.... These estimates are also supported as being on track for 2017 by BoG.... projections, foreign arrivals are estimated to rise by 1.2 million or by 4.8 percent to 26 million
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Travel balance down by 76.3 pct in Dec, annual arrivals beat expectations
EconomyMacroeconomy’s estimates. Furthermore, travel receipts were foreseen to increase by at least 1 billion and range... surpassing estimates..... According to SETE’s projections, foreign arrivals were estimated to rise by 1.2 million or by 4.8 percent
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