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Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomyof 2 percent in Q3, which also reflected a low base effect. The Q4 figure is also worse than the flash... percent QoQ and 2 percent YoY leading final consumption expenditure down 1.1 percent QoQ and up 0.6... stayed flat QoQ and rebounded 12.1 percent YoY. Overall, total exports fell 1.5 percent in 2016 entirely
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PM finalises relief measures in ambitious but risky move to sway voters
PoliticsGreek Politicsto 2 billion euros. The interventions are due to be announced when Mitsotakis makes the keynote speech... the elimination of the so-called “personal difference” surcharge for pensioners and reduced flat rates... and unspent EU recovery funds. By confining the ultimate volume of the package to 2 billion euros, around 1
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Sales season pushes November retail volume to growth for the first time since March 2010
EconomyRetail sales turnover stayed flat year on year (yoy) in November following a 2.1 percent drop..., which posted a higher drop of 2.9 percent compared to October (-2 percent) and December (-1.7 percent... in the 9-month period. Furthermore, increased tax obligations led to deposit outflows of 2 billion
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Greek deposit and loan rates slide in September
EconomyMacroeconomydeposit rate led the average rate on new deposits slightly lower by 2 bps to 1.32 percent in September... 3 and 2 percentage points respectively above the average euro area rates. In the other key household... a defined maturity (mainly credit cards) remained flat at 14.46 percent. The rate of loans to sole
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Greek deflation shoots up to 1.7 pct in October
EconomyMacroeconomyin 2014 after the -2 percent posted in May. On a monthly basis, CPI fell 0.9 percent compared..., alcoholic beverages and tobacco, displayed an increase (+2 percent). On the flipside, the highest drop...), hotels, cafes and restaurants (-0.1 percent) and communication (flat) showed a marginal movement
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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBanking) remained flat QoQ at 2.7 percent as the 8 basis points (bps) improvement in the deposit spread was offset... of 2 billion. The February breakdown showed ELA funding at 17.6 billion and ECB funding at 4.8...-Bills of just over 2 billion euros and Greek government bonds (GGBs) of 1.5 billion. The Basel III
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economypercent quarter on quarter (QoQ) to 423 million. Fee income also fell 2 percent QoQ, yet the considerable... core-pre provision income (excluding one off items) rebounded 2 percent quarter on quarter (QoQ... loans were kept almost flat QoQ at 52.8 billion, while deposits dropped by more than 11 percent QoQ
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBanking. In specific, net interest income (NII) rebounded QoQ for the second straight quarter by 2 percent... guarantee expense, while the other fee income components remained almost flat. The bank also recorded other... in Q4. The bank has guided for a cost of risk below 2 percent for the whole of 2016. On the asset
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Newsletter 74 - 20/05/2016
would unlock the pending tranche of 5.6 billion, plus 2 billion for the clearance of arrears. Tsipras..., the index of apartment prices slipped to a new record low of 59.7. Flat prices have been falling for 28 successive quarters since 2009. 2 NPLs: Italian- and Greek-style Both countries face Atlantean task
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Budget primary surplus of 3.8 bln to Aug beats target by wide margin
EconomyMacroeconomythe target by 2.78 billion largely reflecting lower primary expenditure (by 2 billion) and revenue..., remaining 2 billion lower than target. MoF said that compared to last year, expenditure increased by 292..., revenues remained flat at 2.17 billion, 1.05 billion short of target, while the corresponding
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