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This is what the ECB’s comprehensive assessment tells us about Greek banks
Agorain provisions led to a 5.3 pp increase in the post-AQR NPE coverage to 49.6 percent from 44.3 percent... by almost 7 percent in the 2015-2017 period in the adverse scenario compared to a modest drop by 1 percent... assumptions, the impact of the evolution of the key P&L items resulted in a 0.3 percent cumulative drop
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Greek stocks edge up in week of big losses for banks
Economygeneral index edged up to 658.84 on Friday despite the drop of 1.73 percent recorded in the last...) and Coca Cola Hellenic – CCH (+8.7 percent). At the other end of the scale, banks plunged, led... percent). The average daily turnover remained virtually unchanged at 42 million, with a notable drop
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Stock market slips 1.4 pct dragged by huge bank losses
Economyshares, which continued unabated for the fifth successive week. The sharp drop was amplified... on Monday its quarterly results with net profit at 21.8 million, up 8.9 percent led by a rise... results on Wednesday showing a sharp drop in net profits to 2 million from 20.8 million last year
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Time deposit rate almost stable in December, average loan rate rises 17 bps
EconomyMacroeconomyincrease in the loan rate coupled with a marginal drop in the deposit rate led the average spread... in December mainly driven by a 2 bps drop in corporate overnight rate. Loans The most notable rate changes
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PMI falls 1.6 pts to 48.4 in February
EconomyMacroeconomyfor the first time in the last three months. Manufacturers reported a drop in output and incoming new orders.... The reported drop in new business from abroad is mostly related to transport difficulties caused by farmers’ blocks. Depleting outstanding business also led to lower employment but job shedding
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Newsletter 68 - 01/04/2016
been modest deposit inflows of 930 million euros. Retail sales drop accelerates Retail sales fell... and cosmetics (+0.5 percent). January’s slip in retail sales was fuelled by a drop in petrol prices. 2... a few months after the interim government led by ex-central banker Lucas Papademos signed Greece’s
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Unemployment rate resumes upward trend to 24.4 pct in Jan
EconomyMacroeconomymovement in January reflects a drop in the number of employed to 3.61 million, the lowest since June... of both changes led non-adjusted unemployment up to 25.7 percent in January from 24.5 percent..., a marked drop was recorded in the 25-34 age group to 30.4 percent and – to a lesser extent- in the 35-44
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Car sales rebound 3.4 pct in March
EconomyMacroeconomypercent of road motor cars. Nevertheless, the double digit-drop in February led the 3-month figure... years. The sharp drop reflects a nosedive of 30 percent per annum in the 2009-12 period. As a result
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EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
Economyin negative territory in 2016, while the drop in consumption is expected to be partly offset... rebounding by 2.7 percent mainly led by domestic demand, also supported by EU structural funds... drop by 0.1 percent in 2016 and rebound by 3.8 percent in 2017. Unemployment is seen edging down
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Newsletter 73 - 13/05/2016
crisis. The minimal number of arrivals in recent days has led to some of the incessant attention... for the drop in numbers, will hold up. Ankara has already expressed disappointment with the way the visa... 38 months. Housing and transport prices, which fell by almost 5 percent, fuelled April’s drop. Net
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