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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturesor 54 percent of the total value of all payments. Cards were used in 19 percent of cases, or 39 percent of the total value paid at a POS. But this trend was not consistent, with significant... to this trait with a special mention of the banking crisis and capital controls enforced in Greece
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Newsletter 172 -27/07/2018
last year. Receipts were driven by an increase of 23.6 percent in foreign arrivals, coming to a total... and wealth, along with a smaller rise in social contributions. The figures showed that employees’ total... assets in Greece's banking system continue to drop and all remaining capital controls are lifted
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingof this year. A total of 3.5 billion euros worth of portfolio sales are in the pipeline for 2020. These consist... in mid-July 2018, meaning ECB funding makes up the total current sum. QoQ, the bank reduced its ECB.... Overall deposits stood at 44.89 billion euros in the first half of the year. Capital The CET1 ratio
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBankingin the end of December 2018. Out of this total, 22.83 billion are considered doubtful collection, while.... Of the NPE stock, 27.2 billion euros are under some sort of work out effort and the total collateral... impacting their capital base or absorbing losses that risked triggering capital raises from deferred
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Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
EconomyBankingthe country. A total of roughly 71 billion euros worth of bad loans sit on the balance sheets... anticipates around the second half of 2020, in order to take the necessary decisions. Piraeus has a total of 7... and will leverage the deferred tax that currently is a large part of the banks’ capital base. According to BoG
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Newsletter 252 -29/05/2020
total revenues stood at 15.43 billion euros, lower than the target by 1.25 billion or 7.5 percent. During the first four months of the year, total expenditure came to 18.17 billion, overshooting... is a large part of the banks’ capital base. According to BoG calculations, the loss of capital per
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BoG governor renews calls for launch of bad bank and ESM use
EconomyBankingsecuritisations under the code name Cairo I and II, with a total value of 7.5 billion euros. The applications... in total. Last week, Eurobank submitted the final arm of its securitisation, Cairo III... that currently is a large part of the banks’ capital base. According to BoG calculations, the loss
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Microsoft deal welcomed as Greece vies for more foreign investments
EconomyFeatureswill be around 500 million euros, while the project's total footprint could reach 1 billion euros... and increase the share of ICT specialists to 2.3 percent of total employment, adding extra value of 1.1... destination has not been the strongest in recent years. In the Q2 GDP release, gross fixed capital
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Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 bln
EconomyBankingof assets, thanks to significant NPE de-risking. Capital The fully loaded CET1 ratio in 9M was 10.7 pct, while the total capital ratio was at 15.4 pct.... year, while normalised trading income was 64 million euros. Total operating expenses stood at 623
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Newsletter 362 - 09/12/2022
. Overall, total exports were down by 3.3 pct QoQ, while total imports fell marginally by 0.3 pct. The Q3... increased by 2.4 pct QoQ, though this includes some inventory building in the economy, as fixed capital... QoQ, gross capital formation was up by 2.4 pct quarterly, exports dropped by 3.3 pct QoQ and imports
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