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  1. Eurobank reports loss of 186.6 mln in Q3
    Photo by MacroPolis

    EconomyBanking

    (NIM) improved by 4 basis points (bps) QoQ to 2.04 percent mainly stemming from the Greek.... Gross loans remained stable in Q3 at 51.8 billion, however they rose by 0.2 billion in Greece mainly... I (CET1) ratio fell to 16.1 percent in Q3 from 17 percent in the previous quarter, mainly due

    2%

  2. Greek banks' Eurosystem funding rises by 1.28 bln in October after five-month fall

    EconomyMacroeconomy

    this year was mainly evident after their capital increases of 8.3 billion euros and is also attributed... and EFSF bonds, mainly received by Greek banks in exchange for HFSF participation in their capital... to the replacement of ECB funding mainly by interbank lending within 2014. The latest Finance Ministry

    2%

  3. Primary surplus narrows to 2.4 bln in October as revenues miss target

    Economy

    remains 356 million better than target. The overperformance is mainly attributed to lower primary... percent to 40.4 billion euros, 899 million short of the target, mainly due to the October shortfall. According to the MoF, this is mainly attributed to taxpayers delaying their payments waiting

    2%

  4. Greek public debt at 321.7 bln in Q3, average weighted maturity at 16.5 years

    Economy

    Support Mechanism (FSM) loans (by 414 million). The change in bonds and short-term notes mainly... bond (742 million from 1.5 billion matured in August). The movement in FSM loans mainly stems from... billion) - mainly the Hellenic Railways Organisation (OSE) (6 billion) and Attiko Metro (2.2 billion

    2%

  5. Greek GDP up 0.7 pct in Q3 for third straight quarter of growth
    Photo by MacroPolis

    EconomyMacroeconomy

    than 70 percent of GDP and has declined by more than 24 percent since 2008, mainly reflecting... percent. The continued strong rebound in exports of services is mainly attributed to buoyant tourism... in 2015, which mainly assumes a turnaround in investments (+11.7 percent) coupled with a further rise

    2%

  6. Small rise for Greek manufacturing PMI in November

    EconomyMacroeconomy

    in November mainly due to declining new export orders. The lack of incoming new work led backlogs... of purchases dropped sharply, faster than they did in October, mainly reflecting the trend in post... declined at the fastest rate in the last three months. This was mainly attributed to lower charges

    2%

  7. Greek loan rates remained well above euro area average in October

    EconomyMacroeconomy

    and T-Bill yields is mainly attributed to 2013 movements, when time deposit rates fell by 190 bps.... For consumer loans without a defined maturity (mainly credit cards) the rate marginally rose by 2 bps to 14.48..., the average spread has risen by almost 80 bps, mainly stemming from a sharp drop in the deposit

    2%

  8. Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln

    EconomyMacroeconomy

    with the 11-month figure up 4.1 percent to 18.64 billion, 415 million below target. This mainly reflects... percent growth recorded in the 11-month period. MoF noted that this mainly relates to the uncertainty.... As expected, PIB revenues rebounded in November reaching 641 million euros, mainly incorporating

    2%

  9. General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln

    EconomyMacroeconomy

    remained broadly stable MoM and YtD at 321.85 billion. The YtD change of debt components mainly... in the long-term loans mainly reflects the bailout tranches totalling 11.8 billion (eurozone at 8.3.... The YtD drop stands at 23.1 billion and mainly reflects: 1) A reduction in the bank support scheme

    2%

  10. In effort to reach new deal, Greek government cannot ignore liquidity constraints
    Photo by MacroPolis

    EconomyProgramme

    not applied for the ELA. That request was mainly triggered by deposit outflows and gradual lack of renewal... billion euros in December mainly stemming from time deposit outflows of 6.2 billion, while savings... of the year. Press reports indicate that the payment of taxes has eased in January mainly due to the pre

    2%