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Newsletter 263 -11/09/2020
. Of the total, 150 auctions were successfully held while the remaining were postponed or cancelled... few quarters and to take steps to prevent bad loans growing any further. 2 Unemployment rises... compared to May. Year-on-year, the figure for those employed decreased by 174,217 (-4.4 percent). Total
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Newsletter 272 -06/11/2020
accused the government of a “total failure” in managing the second wave of the pandemic and warned... which the industry heavily relies on. 2 Unemployment at 16.8 pct in August Inactives rise by 2.9.... Year-on-year, the figure for those employed decreased by 99,346 (-2.5 percent). Total employment
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Newsletter 276 -04/12/2020
. On Thursday, health authorities reported another 100 deaths, taking the total to 2,706, while the number... to material risks that could throw the baseline scenario off track. Of the total stock of 339 billion... was 23 pct. Of the private debt, GGBs were just 13 pct of the total. This is one of the factors
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Current account deficit hits €11.2 bln in 2020 after tourism collapse
EconomyMacroeconomy, down 87.7 percent. Total imports came to 4.33 billion euros, from 4.38 billion last year. At the same time, total exports reached 2.81 billion euros, an increase of 2 percent YoY. In the other... of goods deficit and secondarily by an improvement in the primary income account. The total balance
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Newsletter 297 - 21/05/2021
euros, out of a total of 1.46 billion euros. Property receipts envisaged the deposit of Hellinikon... later in the year. 2 Unemployment at 16 pct in January Employment fell by 119,643 people compared... fell by 119,643 people compared to December. Total employment was 3.76 million people. ELSTAT noted
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Newsletter 298 - 28/05/2021
up to 72 months. In total, more than 40 billion euros of Greece’s own resources as well as European... euros. The total NPE stock came to 21.3 billion euros. Impairment losses on loans stood at 390.6 million... signal is coming from low new NPE formation, significantly better than expected.” 2 Economic sentiment
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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
EconomyBankingin H1 increased by 17 percent year-on-year (YoY) to 177 million euros, while total operating expenses... billion euros, rising by 2 billion from the previous quarter. This full amount corresponded to the full... and 13.3 pct pro forma. The total capital ratio was at 14.9 percent. The pro forma fully loaded CET1
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Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments
EconomyBankingbillion euros of Sunrise 2 in Q4 this year. The bank says it has now essentially completed the entire...) to 279 million euros, while total operating expenses stood at 719 million, a rise of 5 percent YoY... in Q2. Tier 1 ratio was 11.7 pct and 13.2 pct pro forma. The total capital ratio was at 14.4 percent
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One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations
EconomyFeaturesa valuation of 2 billion USD for Viva Wallet, making it Greece’s first official “unicorn” – a company... reported that the sector received record funding in 2021, approaching a total 1 billion USD. The news has... of the total sum invested in the Greek startup universe. At the other end of the scale, the picture
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
EconomyBanking2021, 7.2 billion euros of Sunrise 1 in Q3 2021 and 2.7 billion euros of Sunrise 2 in Q4 2021... 90 million euros in 2020. Total operating expenses stood at 933 million, a drop of 14 percent YoY... was 13 pct and 13.1 pct pro forma. The total capital ratio was at 15.8 percent. The pro forma fully
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