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Newsletter 229 -22/11/2019
years. The overall surplus will reach 1 percent of GDP in 2020, in keeping with the requirements... the target by 811 million. Overall, the PIB balance landed on a deficit of 1 billion euros. Greece’s
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingand the tightening of sovereign bond yields. The movement in Q3 originates from negative formation of 1 billion... at under 1 billion by 2022. Regarding NPL sales, the bank highlighted upcoming sales expected to take place
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBanking-provision profit (PPI) rose by 1 percent quarter-on-quarter (QoQ) to 209.9 million euros. In 9M, PPI... 95.5 percent a year ago. Capital The phased-in Common Equity Tier 1 (CET1) ratio came to 16.3 percent
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Newsletter 230 -29/11/2019
to 1.59 billion. The PIB balance landed on a deficit of 1 billion euros. The primary surplus surpassed its... million euros. In addition, sight deposits decreased by 1 million euros. Time deposits declined by 274
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBankingof the securitisation, once 50 pct+1 of the junior notes have been sold to private investors and a satisfactory... is slightly more relaxed than the Italian criterion of having sold 50 pct+1 of both mezzanine and junior
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New pension system, lower primary surpluses among govt targets for 2020
PoliticsGreek Politicselections), which will be the equivalent of 0.5 pct of GDP, or 1 billion euros, and the new... will apply from January 1, are seen by the government as ways of securing or winning over the support
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ND mulls next tax cuts as it prepares to unveil new electoral law
PoliticsGreek Politics. In fact, lower income tax rates are due to kick in from January 1. Individuals earning less than 20,000... electronic transactions, which also begins on January 1. From 2020, taxpayers will have to spend 30
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Dec CPI up by 0.8 pct yoy as 2019 rise comes in at 0.3 pct
EconomyMacroeconomyin December a year ago. The core index edged up by 0.7 percent in December, from 1 percent in November... of 3.5 percent in transport, followed by health (+1.9 percent) and communications (+1 percent). Food
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Mitsotakis sets out economic goals for 2020 as govt vies for extra fiscal space
PoliticsGreek Politics. It is also planning to reduce social security contributions by almost 1 percentage point from July 1. ND’s
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Deadline looms for troubled home protection scheme as insolvency law is lined up
Economyto an electronic platform launched on July 1 that allowed banking privacy to be lifted but had... drastically in the course of the year as protection is lifted from May 1. Aside from banks being able
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