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Mitsotakis makes new bid to break deadlock with farmers as govt ponders relief measures
PoliticsGreek Politicsas the government grapples with farmer protests and broader cost‑of‑living pressures. In the vote estimate..., the Finance Ministry is taking a conservative stance and estimates that there is fiscal space of 800 million euros for next year, with the emphasis on the self-employed and tax on rents. It is estimated
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What is the state of play with Greek banks?
Economy, the evolution of bad loans going forward is the key threat and unpredictable factor in any estimate... loss projections with forward-looking estimates on the domestic loan losses over a 5-year horizon... a majority stake in Pangaea, its real estate investment subsidiary with an estimated market value of its
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesrange is applied on a rolling basis. On the back of those restrictions, we estimate that the eligible... estimates on the correlation between government bond yields, credit ratings and monetary policies... is delayed significantly, the impact on bond yields would be lower than initially estimated and would
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Banks meet NPE reduction targets in Q3, adjust targets for next two years
EconomyMacroeconomyconservative estimate of a 1.2 billion increase between Q2 2017 and the end of 2019. Curing is seen as falling by 2.5 billion due to higher sales and loan write-offs. These estimates are driven by BoG... adjusted to 21.1 percent from a previous target of 36.1 percent. Most of the estimated NPE and NPL
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IFRS 9 provisions required by banks in line with expectations
EconomyBankingof potential loan losses. Market analysts had estimated the impact of the new accounting rules in the region of 5.5 to 6 billion euros. Alpha Bank announced that its estimate for the IFRS adoption.... Greek lenders recently announced their estimates for the first-time adoption of the new IFRS 9
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Finance Ministry costs new support package, but questions remain over electricity subsidies
Economyofficial revision of the growth estimate for this year. GDP is now seen rising by 5.3 pct, from 3.1 pct... roughly 20 pct below the 2010 levels. The Finance Ministry admitted that in the latest estimates the cost... euros for 2022. The actual fiscal cost of those interventions on the energy market are estimated
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Newsletter 392 - 08/09/2023
. According to an estimate from the National Observatory of Athens, 72,000 hectares of land has been... tourism that will boost the traditionally strong Q3, it is believed that the estimates of 2.3 pct... policies, which pushed up interest rates by more than 400 basis points, it is estimated that one more
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Newsletter 76 - 03/06/2016
have gravitated towards the leftist grouping during the crisis. Now, SYRIZA appears to believe... battle between the left and right, a continuation of the 1940s civil war by other means, during... provisional estimates, which showed GDP contracted 0.5 percent quarter on quarter (QoQ) and 1.4 percent year
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingto be launched in the second half (H2) of the year. The annual befit is estimated at 35 million euros. During... (Marinopoulos) that is still in progress. During the conference call, the management said that its... to 143.7 percent in Q2 from 148 percent in Q1, still remaining at the high end of the market. During
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBanking, improving from a negative figure in both sectors during previous quarters. However, NPL stock declined to 24.1 billion during the quarter on the back of write-offs. Overall, the NPL ratio deteriorated... to Q1 by around 600 million, while missing the respective NPL target by around 700 million. During
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