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BoG highlights areas of concern in underlying NPE data
EconomyBankingof which were denounced corporate loans. On top of write offs, sales of nearly 2 billion euros also... that are unlikely to pay and those in delay between 1 and 90 days are important indicators for the direction... in the first half of the year to 19.9 billion euros, representing 22 percent of total NPEs. It is important
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingstrong interest. The portfolio contains around 2 billion euros-worth of housing loans. Non-binding... that it had sealed a deal to sell 1 billion euros of its non-performing loans (Jupiter project) which had...) with a total outstanding balance of 2.1 billion euros and a total outstanding principal amount of 1.3
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Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
Economythe target by 1 percentage point from 2021 onwards. This will be part of a negotiation with the ESM..., thanks to high primary surpluses and an average real growth of 2 percent. Debt sustainability Although... weak, with NPEs standing at 45 percent of total loans as of the end of March. There is a combination
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Apartment prices rise by 9.1 pct in Q3, hitting series high
EconomyMacroeconomyin 2018, compared to an average price contraction of 1 percent in 2017. The latest quarter’s increase... by an average of 2 percent compared to a fall of 0.8 percent in 2017. Properties in Athens.... The total number of permits 1,323, staying above the 1,000-permit mark for a seventh month. During
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Apartment prices rise by 7.5 pct in Q4 and 7.2 pct in 2019
EconomyMacroeconomyin house prices was 1 percent. The latest quarter’s increase marks eight consecutive quarters of YoY... increase of 2 percent in 2018. New apartment prices fell by an average of 0.8 percent in 2017. During.... The total number of permits came to 1,785, staying above the 1,000-permit mark for a ninth month
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Newsletter 245 -27/03/2020
Staikouras, admitted that Greece is on course for an economic contraction of 1 to 3 pct this year due... as micro-businesses and self-employment in total employment,” according to Scope’s analysts... GDP in 2018. 2 Credit contraction at 0.7 pct in Feb Balance reaches 153.74 billion Credit
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ND hopes economy will pick up as second stage of lockdown easing begins
PoliticsGreek Politicsin March. According to the government, this means 155,962 employees, or 22.5 pct of the total who... the first two stages of relaxing the lockdown, a total of 225,000 workers and 93,000 businesses will have... up to 2 pct of its GDP before the end of 2022, which for Greece means roughly 3.8 billion euros
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New bid to curb Covid-19 raises demand for more economic support
PoliticsGreek Politicsexperts predict that the daily total could reach more than 3,000 next week. The pressure... of next week. According to sources, there will be a package with a fiscal cost of 1 billion euros... and TEPIX II. In the draft budget, the Finance Ministry puts the total fiscal impact of the support
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Updated IMF DSA sees Greek debt as sustainable in medium-term, risks over long-term
EconomyMacroeconomythat could throw the baseline scenario off track. Of the total stock of 339 billion euros at the end.... Of the private debt, GGBs were just 13 pct of the total. This is one of the factors that speaks to the great... pct in 2022. After that, they return to the IMF’s long-term real GDP growth estimate of 1 pct
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Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer
EconomyMacroeconomy, a region that represents 67 pct of total nationwide sales. However, the pain is also shared by Finance.... This situation has forced the authorities to earmark most of the total annual support budget of 7.5 billion... own estimates closer to 2 pct and a stronger rebound in 2022. Given these challenges, it is little
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