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  1. Commission sees political uncertainty hurting recovery, growth reaching 2.5 pct in 2015

    Economy

    anticipates a marked growth in investment. For 2016, the acceleration of GDP growth mainly stems from... it will further ease from 26.6 percent in 2014 to 25 percent in 2015 and 22 percent in 2016, mainly attributed... forecasts is skewed to the downside mainly due to the uncertainty on the direction of policies, which could

    2%
  2. Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln

    EconomyMacroeconomy

    . The MoM decline by 803 million euros is mainly attributed to lower SSF arrears (down by 484 million... to date evolution mainly stems from reduced SSF arrears by 880 million, with the end-year figure.... The yearly evolution in the long-term loans mainly reflects the bailout tranches totalling 11.8 billion

    2%
  3. Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
    Photo by MacroPolis

    EconomyMacroeconomy

    of January’s figures shows the decline in deposits is mainly attributed to time outflows of 10.9... that households (mainly high wealth individuals) withdrew 9.2 billion and non-financial corporates (mainly... savings showed inflows of 887 million, mainly reflecting the Christmas bonus. Following the deposit

    2%
  4. Eurobank posts loss of 523.7 mln in Q4 2014
    Photo by MacroPolis

    EconomyBanking

    items. In particular, net interest income (NII) was up 4.1 percent QoQ mainly driven by lower... primarily led by an 8 bps improvement in the Greek NIM. The lower deposit cost mainly stems from.... The significant increase in the first two months of the year is mainly due to Greek deposit

    2%
  5. Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
    Photo by MacroPolis

    EconomyBanking

    . Pre-provision income (PPI) more than halved quarter on quarter (QoQ) to 111 million, mainly... trading losses. Net interest income (NII) rose 0.8 percent QoQ to 513 million euros, mainly.... Since the end of November, Eurosystem funding has jumped by 18.1 billion mainly reflecting deposit

    2%
  6. National Bank posts net loss of 1.1 bln in Q4
    Photo by MacroPolis

    EconomyBanking

    mainly related to recalibration of the bank’s impairment model (970 million) and recoverability... was slashed by 12 percent mainly attributed to a double digit drop in personnel (-14 percent) and general... at 24.3 percent in Q4 from 24.4 percent the previous quarter. This mainly reflected an improvement

    2%
  7. Lower spending, extra revenues result in budget execution beating targets in March

    EconomyMacroeconomy

    . The year to date primary surplus outperformance is mainly attributed to lower primary expenditure... billion, down 5.3 percent and 1.18 billion below target. The year to date outperformance mainly relates... that that lower expenditure mainly reflects the rearrangement of cash payments projection, according

    2%
  8. Budget primary surplus grows in April thanks to one-off revenues and restricted spending

    EconomyMacroeconomy

    in the 4-month period. This is mainly due to: a) A reversal of the revenue shortfall of 389 million in Q1... target by 874 million, mainly due to the exceptionally high revenues recorded in March, which further... mainly reflects the rearrangement of cash payments projection, according to the prevailing (tight

    2%
  9. Greek debt falls to 312.7 bln in Q1 after return of EFSF bonds

    Economy

    and mainly reflects the return of 10.9 billion of EFSF bonds from the Hellenic Financial Stability Fund (HFSF... the 2014 figure of 16.16 years, mainly reflecting the return of EFSF bonds. Around 76 percent... the payments of external debt obligations in the course of Q1 mainly involving payments to the IMF

    2%
  10. Greek stock market loses 1.8 pct in week of mixed messages, Q1 results

    Economy

    , significantly below those recorded in Q4 and Q1 2014, mainly due to lower provisions and - to a lesser extent... in bottom line results with Q1 net profits at 41.7 million from losses of 8.2 million last year mainly... mainly reflecting lower operating expenses and impairment losses. NPL ratio hiked to 33.8 percent from 33

    2%