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Manufacturing PMI reached four-year high of 49.6 pts in December
EconomyMacroeconomyin the intermediate and capital goods production weighed on the total output. With new export orders falling again during December, the expansion in total new business was attributable to stronger demand
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Cooperatives on Cyprus: Why they were treated differently to banks
Agorato the tune of 1.5bn euros or 15 percent of the total Cyprus ESM/IMF loan. Although the co-operative..., the cooperative sector has 5.96 billion euros, which is 44.49 percent of the total lending... injection of capital comes with great conditionality. The Cooperative sector will have to merge from 93
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBankingpercent of the total loan book. Following the capital increase of 1.75 billion in April... million. This corresponds to 71 percent of the total targeted fully-phased synergies of 550 million
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Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP
Economyfor the total outstanding unpaid private debt by the middle of August. Citing government sources, local media.... In addition, press reports indicate that the implementation of upcoming decisions on total private... of fines and creditor’s participation in the company’s share capital. In addition, creditors may also
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How many NPLs in the Greek banking sector are also non-recoverable loans ?
Agorathreshold of 30 percent of its total loan portfolio. In contrast, Piraeus Bank now posts a rather... approximately 45 percent of total loans extended by local banks are currently classified as NPLs... substantial amounts of provisioning. This binds liquidity and capital which cannot be made available
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Greek banks' Eurosystem funding declines by another 53 mln in August
EconomyMacroeconomyto the banks’ first-half announcements, their ratio of central bank funding to total assets stood at 13... percent). Excluding EFSF bonds, their net ECB exposure to total assets is lower by 4-5 percentage points. The significant decrease recorded this year follows the capital increases of 8.3 billion euros
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Greek deposits down 0.2 pct in October after seven months of rises
EconomyMacroeconomyrespectively. Total deposits - which also include euro and non-euro area residents – dropped by 292... elections were held, deposit inflows total 14.1 billion euros with the largest portion (11.4 billion... funding followed the capital raising of 8.3 billion by the four systemic banks. It also reflects
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Newsletter 20 - 20/03/2015
by another 8.5 billion in February, bringing the total outflows in the 3-month period to 25.5 billion.... That said, withdrawals from large accounts (above 500,000 euros) accounted for just 10 percent of total...’ capital base was hit in Q4 by the quarterly operating losses as well as revaluation losses from
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New unpaid taxes rising steadily, reach 3.5 bln in Q1
EconomyMacroeconomymainly reflects revenue collection of 589 million and write-offs of 148 million. The total stock of new.... The Finance Ministry (MoF) has said that from the total outstanding tax arrears, the effective... that lasted until the end of March and provided for an upfront payment of tax capital eliminating
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Newsletter 30 - 12/06/2015
weeks, it would reasonable to assume that total deposit outflows, including both private and public... to 68 percent of GDP. The total figure also includes liquidity of 38.5 billion via EFSF bonds... to the participation of the Hellenic Financial Stability Fund (HFSF) in their capital increases at that time
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