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The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBankingshare of 1.5 percent. The loan breakdown shows corporate loans make up 71.9 percent of total, while... percent to industry. The bank operates via a network of 70 braches (2.9 percent of total) with a staff... and 1.02 billion in the adverse scenario. Following a capital plan submitted by the bank to BoG, its
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Newsletter 119 - 19/05/2017
measures worth 1.5 billion in 2020 and another 2 billion in 2021, the total tax relief included... security contributions (SSCs) and social benefits. The total bill of the previous and current pension... of the midnight vote, that capital controls could be lifted by the end of the year. The Greek government published
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingon the new Greek time deposits stands at 70 basis points (bps), while the total book is priced at 89 bps..., the total Greek loan yield remained almost stable at 393 bps in Q2. Fee income fell by 1.8 percent... operations, a loss of 97 million from discontinued operations and an one-off capital gain of 144 million
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBankingat around 75 basis points (bps), while the total book is priced at 90 bps, up by one basis point compared to the previous quarter. The total Greek loan yield fell slightly to 388 bps from 393 bps... include a capital loss of 94 million and 56 million from the agreed sales of the Romanian and Serbian
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GDP growth slows in Q3 amid lower 2017 forecasts
EconomyMacroeconomy89 percent of the total figure in Q3, with private consumption representing close to 68 percent of the headline GDP number. Government spend is circa 21 percent of the total. The latest Finance... tourism season. This offset the reductions in final consumption by 0.1 percent and gross capital
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GDP growth slows to 0.2 pct QoQ in Q2 due to lower investment, higher imports
EconomyMacroeconomy, making up 88.5 percent of the total figure in Q2, with private consumption representing 67.5 percent of the headline GDP number. Government spending represents 20.5 percent of the total. In the latest... percent decline in expenditure by the general government. Gross capital formation declined by 2.2
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Falling bank shares prompt coalition to take closer look
PoliticsGreek Politicsof bad loans. Of the total, 25 billion are earmarked for sale or securitisation, 10 billion are due... banks, there will be few investors willing to step forward given that a total of 47.5 billion euros... for this capital raising to be concluded but there were market rumours that Piraeus had sounded out investors
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GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomypercent YoY. Final consumption represents the majority of GDP, making up 86.8 percent of the total figure.... Government spending represents around 18.9 percent of the total. The latest MoF budget for 2019... expenditure rose by 2.4 percent versus the previous quarter. Gross capital formation jumped by 15.6
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBanking) with a total outstanding balance of 2.1 billion euros and a total outstanding principal amount of 1.3... it will mean a reduction in regulatory capital as banks will need to write off deferred tax credits... losses from DTCs from their balance sheets without the obligation to raise capital for the State
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BoG cautiously optimistic on economy and banking sector
Economy. Capital ratios also remained solid: the Common Equity Tier 1 stood at 15.8 pct and total capital at 20.4...-rating upgrades. Non-performing loans fell to 3.6 pct of total lending, the lowest since Greece... remains one of the strongest pillars of Greece’s recovery. Profitability, liquidity, and capital
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