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National Bank posts 9-month profits of 1.18 bln
EconomyBanking) in Greece and Turkey. The domestic loan spread rose marginally by 2 basis points (bps) QoQ to 387 bps... repayments for the first time in 2014. Deposits rose by 2 percent to 66.9 billion euros. In the Greek market, deposits also grew by 2 percent QoQ reflecting an increase in customer deposits by 3
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Fitch keeps Greek rating at 'B' but downgrades outlook to negative
Economyhas moderated its stance since 2012 advocating: 1) Greece to remain in the eurozone 2) Commitment... with the troika, a development that would create serious strains in the state’s cash flow. 2) A worsening... and timely agreement with official creditor that could stabilize the Fitch’s rating outlook. 2
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Newsletter 12 - 23/01/2015
whether Antonis Samaras should continue as the conservative party’s leader. A small defeat of about 2.... Kathimerini daily noted that extraordinary T-Bill issues of 1.5–2 billion may be required to cover... time since Q1 2010. Household disposable income has shrunk by 27.1 percent in five years. 2 Looking
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The immediate economic and financial hurdles for the new Greek government
EconomyProgramme2 billion euros and new funding could stem from extraordinary T-Bill issues of 1.5 – 2 billion... at circa 2 billion. However, since the previous government has exhausted the 15-billion-euro limit
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Newsletter 14 - 06/02/2015
(ENFIA abolition and new taxation) was estimated at 2 billion. However, citing government sources... of 300,000 euros. The estimated revenues from this new tax have not yet been disclosed. 2. Reports also... figure of 2.82 percent. The December rate marks a new historic low during Greece’s euro membership. 2
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The key points from lenders' proposals to Greece
EconomyProgrammeprimary surplus targets of 1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... for everybody retiring after June 30 2) Consolidation of all supplementary pension funds... and the government will not intervene in any way in the day-to-day decision making and management. 2) The BoD
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Newsletter 29 - 05/06/2015
surplus targets to 1 percent of GDP for 2015, 2 percent in 2016, 3 percent in 2017 and 3.5 percent... the solidarity levy rates for individuals whose annual income is between 30,000–50,000 euros by 2 percent... for the ninth successive month in May. 2 Arduous and exhausting Past eight months are a textbook example
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Greek stocks rise by 16 pct during week on hopes of deal in Brussels
Economythen the market slightly corrected on Wednesday and rebounded by more than 2 percent on Friday ahead.... The dividend is due to be paid on July 2. Next week Public Power Corporation (PPC), Piraeus Bank... of 0.36 euros per share on July 2.
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomyin the time deposit rate led the weighted average rate on new deposits down by 2 bps to 1.10 percent... over 1 million to 4.68 percent, which is the lowest reading since October 2010. 2) A rise by 47 bps... percent posted in February. The increase in the average loan rate by 7 bps coupled with the 2 bps drop
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Greece seeks 3-year programme that could exceed 65 bln
EconomyProgramme, 2) Redemptions of Greek government bonds held by the Eurosystem of 14.3 billion 3) Redemption... for privatization proceeds of 2 billion and primary surplus of 9.4 billion that could reduce accordingly funding... outlook would reduce the previously anticipated primary surplus increasing accordingly funding needs. 2
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