Search
-
Newsletter 98 - 02/12/2016
at the end of September, 1 percent above the target of 106.9 billion, while the respective ratio stood... index edged up 1 percent month-on-month to 71.9 in September and stands close to its mid-2002 level
14% -
HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBankingbillion, of which 1 billion relates to HFSF participation in the four systemic Greek banks. In specific, the market value of HFSF bank holdings fell by more than 1 billion in the course of the first
14% -
Unemployment rate falls to 23.1 pct in September, lowest since March 2012
EconomyMacroeconomyold) to 46.1 percent and in the 35-44 years old group to 19.1 percent. A smaller decline of 1 pp.... On the flipside, the jobless rate for the older Greeks (55-64 years old) rose by 1 pp to 17.7 percent
14% -
Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
EconomyMacroeconomybps to 5.42 percent, while the rate for loans between 250,000 and 1 million euros declined by 49 bps to 4.84 percent. A smaller decrease of 37 bps was recorded in corporate loans for amounts above 1
14% -
December retail sales seen down 2.5 pct amid tax onrush
EconomyMacroeconomywas burdened by the imposition of capital controls. Overall, private consumption rose by 1 percent... in the VAT rate from 23 to 24 percent (implemented as of July 1, 2016) (218 million) and higher contributions
14% -
CPI stays flat in December, falls by 0.8 pct in 2016
EconomyMacroeconomydecreased at a slower pace of 0.6 percent in December after declining by 1 percent in the previous... the CPI rose by 1 percent. This was mostly on the back of a double-digit rise in clothing
14% -
In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBankingbillion, almost 1 billion above the respective figure a year ago and mostly relate to denounced loans... respectively. Starting from a fully-loaded Common Equity Tier 1 (CET1) ratio of around 17 percent
14% -
Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankingthat it corresponds to 1 euro per 10,000 euros of card transaction value and to 1 transaction per 8,000 card
14% -
General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed.... Therefore, we conclude that despite the decline in past years’ arrears, around 1 billion of new arrears were
14% -
IMF proposes rebalancing of fiscal policy, reform implementation and debt relief
EconomyProgrammeThe International Monetary Fund’s executive board convened on Monday evening to discuss the Article IV consultation on Greece. The fund’s baseline scenario foresees a long-term GDP growth of 1... the government’s recent estimate of close to 2 percent, while a marginal improvement to 1 percent of GDP
14%