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Newsletter 198 -15/03/2019
to make up just 2 billion euros, compared to 9 billion euros of non-performing mortgages... access and signed the first bailout. Greece raised 2.5 billion euros, was looking initially for 2... objectives it needs more credible measures to achieve them in the IMF’s view. 2 Unemployment at 18.7 pct
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBanking2017. Net interest income (NII) rose by 2 percent quarter-on-quarter (QoQ) and came to 355 million... and leasing exposures). P&L As mentioned, NII rose by 2 percent in Q4 to 355 million euros and declined..., while on a quarterly basis NIM was stable at 243 bps. Net fee and commission income was up 2 percent
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingstaying negative for a tenth quarter. A very slight increase in NPE formation of 2 million euros... and 2021. Reductions in 2019 are expected to come from the sale of the Pillar portfolio (2 billion... by the bank for the Pillar portfolio of residential mortgage NPEs worth roughly 2 billion euros. Non
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Report exposes fractured and incomplete response to refugees
Societymillion euros was allocated for a revised PHILOS 2 project, along with a 400-euro stipend for staff... the country that the PHILOS 2 project had envisioned. The report showed that as of May 2019, there was only... at the Leros centre. Part of the delay related to the PHILOS 2 project was that KEELPNO, which was leading
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Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Economywith a guidance of 2 percent. The book continued to attract strong interest and closed just before lunch... and a yield of 3.6 percent. The new issue matures on April 2, 2024. The January issue was met... 2010. Greece raised 2.5 billion euros via this issuance, surpassing the initial target of 2 billion
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The oil and gas debate Greece is not having
Agorathe Paris agreement target of “limiting global warming to well below 2°C and pursuing efforts... of 2°C - there is little scope for the development of new fields, even when accounting for the natural.... The same paper estimates that, to meet a target of 2 °C, “a third of oil reserves, half of gas
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GDP rises by 0.8 pct QoQ in Q2, increases by 1.9 pct YoY
EconomyMacroeconomythat in June, international arrivals by air rose by 2 percent. In the aggregate period, arrivals rose by 4.4... compared to an estimation of 2 percent in the autumn forecast, and in line with the interim winter... for next year is seen at 2 percent, from 2.1 percent in the previous outlook.
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeatureswere 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower.... Specifically, the amount of turnover generated via Thomas Cook for 1, 2 and 3 star hotels came..., while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39
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Newsletter 222 -04/10/2019
Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover... to face losing 69 percent of their turnover in 2020, while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39, 33 and 26 percent, respectively. 2 Loan interest
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Newsletter 224 -18/10/2019
to the previous estimates that were released in April. The IMF sees the Greek economy growing by 2 percent... falling from 2.6 to 2.3 percent of GDP between 2020 and 2023 and settling at 2 percent in 2024..., making the net effect more moderate. 2 Rate of rise in overdue taxes drops in Aug Total for new
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