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  1. Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
    Photo by MacroPolis

    EconomyBanking

    down 0.5 percent QoQ to 453.2 million in Q4 as the positive impact from the lower funding cost... declined by 73 percent to 925 million for the whole year. As a result, cost of risk (provisions over net..., aggressive cost management and lower cost of risk, while foreign asset disposals are estimated to have

    5%

  2. Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
    Photo by MacroPolis

    EconomyBanking

    ) contracted by 3 percent QoQ to 440 million, as the positive impact from lower funding cost.... The cost of risk stood at 2.2 percent in Q1 and management expects a lower figure between 150-200 bps... increased by 2 billion QoQ to 8 billion in March, at a cost of -7 bps. The bank said it participated

    5%

  3. Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
    Photo by MacroPolis

    EconomyBanking

    funding cost. The management expects NII to remain stable for the whole year, on the back of loan spread compression offsetting the anticipated lower deposit cost. Meanwhile, commission income rose... to a slight reduction in the cost to income ratio to 49.4 percent in Q2 from 49.7 percent in the previous

    5%

  4. Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
    Image via www.eurobank.gr

    EconomyBanking

    guarantee cost. Operating expenses rose slightly by 1.4 percent to 226.3 million. For the full year, the figure declined by 0.9 percent for the group and by 2 percent for Greece. As a result, the cost... increased by 15.6 percent QoQ to 205.7 million corresponding to a cost of risk (provision over net

    5%

  5. Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
    Photo by MacroPolis

    EconomyBanking

    . This was attributed to the bank’s cost reduction programme that began with the launch of VES in early 2018, as well as other actions aiming at reducing administrative costs. The cost-to-income ratio in H1... in these sales, the cost of risk in Q2 came to 82 million. The Greek cost of risk came to 151 bps over

    5%

  6. Question mark over pension cuts in 2019 draft budget as Athens looks to lenders
    Photo by MacroPolis

    EconomyProgramme

    , the reduction in contributions for the self-employed will cost 186 million euros. The lowering of supplementary pension contributions will cost 44 million euros. The reduction of the ENFIA property tax will cost 270 to 320 million euros. Bringing down corporate tax from 29 to 28 percent will cost

    5%

  7. Eurobank net profits from continued operations fall by 12.2 pct in 2018
    Image via www.eurobank.gr

    EconomyBanking

    and the securitisation price. The cost will be covered using around 900 million euros from the merger... for Greece, with the overall reduction for the year coming to 1.9 percent. As a result, the cost-to-income... QoQ to 167.5 million corresponding to a cost of risk (provision over net loans) of 1.86 percent from

    5%

  8. Parties' competing tax pledges come up against challenging reality

    EconomyFeatures

    . This is a technical point, but it has some potentially significant cost implications, particularly... more modest tax cuts and come at a lower cost. For New Democracy, this distinction is crucial... growth with business-friendly policies, but also plans to raise 2 billion euros from cost-cutting

    5%

  9. Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year

    EconomyBanking

    cost to income ratio came to 54.6 percent in the quarter from 55.5 percent in the previous quarter. In the aggregate period, the ratio stood at 55.7 percent in H1. Management noted that operating cost... cost of risk of 3.2% for 2018. Other impairment losses recorded a positive result of Euro 13.6 million

    5%

  10. Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
    Image via www.piraeusbank.gr

    EconomyBanking

    , the QoQ increase in the top line has almost absorbed the cost of the new Tier II issue. The new time..., reflecting a fall of 2 percent YoY and 3 percent QoQ. The cost-to-income ratio stood at 51 percent versus 55 percent in Q2. For the 9M period, the cost-to-income ratio came to 52 percent from 56

    5%