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After Q3 results, what next for Greek banks?
Agoraof deposit rates in the banks acquired over the past 12 months, whose deposit rates were 1 percentage point... as of January 1, 2013 and another 3.5 percent as of the beginning of next year), implementation... providing any details) that could further increase its capital base by up to 1 percentage point. However
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Bank of Greece sees 0.5pct growth in 2014 but warns of political risks
EconomyMacroeconomysurplus of 1% of GDP for the first time in 2013, according to the Bank of Greece’s (BoG) interim report... to decline by 1 percentage point (pp) in 2014. The BoG stresses that the key risk lies with the political... to 29.2 percent, followed by consumer credit (up 5 pp to 43.8 percent) and housing loans (up 2.6 pp to 24
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Significant post-election economic challenges await Greek coalition
Economy-tranche of 6.3 billion in late April. The remaining two sub-tranches of 1 billion each are due... Minister Yannis Stournaras did not present any debt relief plan at the Eurogroup on May 5...) to 1 percent constant for the next 50 years. This could result in total savings of 25 billion (14
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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingmillion euros, yet it eased 1 percent quarter on quarter (QoQ). The quarterly evolution reflects lower..., the reduction of the staff by 5 percent YoY to 16.9 thousands and network by 13.5 percent to 1,061... by 650 million euros within Q1, mainly reflecting 1 billion outflows of sight and savings and 400
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BoG shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomy. That said, the rates in consumer loans with a defined maturity and in corporate loans above 1 million... to 2.81 percent, while that for sole proprietors fell by 5 bps to 9.02 percent. In contrast, the rate... are now almost 1 percentage point closer to those in the euro area. In particular, the rate
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Uptick in time deposit rates, mixed trends in corporate loans
EconomyMacroeconomyin negotiation with official creditors. However, unlike the sharp rise of time deposit rate to 5 percent... on the average rate on new deposits, which edged up by 1 bps to 1.13 percent in March... 1 million euros also increased by 11 bps to 4.97 percent. In contrast, the respective rate
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomymonth by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according... before June 2012 elections, when the time deposit rate peaked to 5 percent, this time the lack... in May. On corporate lending, there were two marked movements: 1) A drop by 30 bps in loans for amounts
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European Commission evaluates impact of bailout programme
EconomyProgramme: 1) Granting guaranteed contributory pensions only at the attainment of the statutory retirement.... According to the Commission, the main objectives of these further reforms are to: 1) Establish... and means-tested pension components. 4) Consolidate and harmonize the different SSFs. 5) Phase out
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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomyunderperformance in July revenues, which primarily stemmed from: 1) No receipt of SMP and ANF income... 1 percent to 4.34 billion, marginally above target of 4.32 billion. Tax refunds dropped by 22.8... underperforming items related to grants to SSS and operational and other expenditure include: 1) Grants
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomythat a large part of the revenue underperformance is attributed to: 1) SMP and ANFA income of 1.72... in August, with the 8-month figure up by 1 percent to 7.35 billion, proportionally in line with the full... proportionally below target. These mainly involve: 1) Grants to Manpower Employment Agency (at 32 percent
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