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Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomywas burdened by the imposition of capital controls. Meanwhile, general government consumption fell 2.1... consumption by 0.6 percent. Investments Gross fixed capital formation posted a positive growth rate... attributed to capital controls. Moreover, travel receipts also fell by 6.4 percent despite a growth of 5.1
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These were the key drivers behind Greece's strong fiscal performance in 2016
EconomyMacroeconomyof 2.65 billion euros in revenues coupled with a reduction of 3.37 billion in capital transfers..., taking their total to 24.93 billion. In contrast, capital transfers fell by more than 2 billion to 3.21... is the second largest drop of expenditure items after the remarkable decline of capital transfers from
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Stocks up by 4.7 pct, rising for third straight week
Economyof capital controls on Thursday, recording the longest positive streak (13 gaining sessions in a row... share capital surpassed the 5-percent threshold and stood at 5.023 percent. Folli-Follie Group (FFG... of FFG share capital. The Annual General Meeting (AGM) of Aegean Airlines approved the distribution
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Portugal, market access and programme exit
Agorathat you should assure the banking sector problems (NPL, profitability and capital) are dealt within... resolved in December 2015 (Banif), and the state-owned CGD requiring around 5 billion euros in capital... to find a comprehensive strategy to deal with it. It has however been able to attract foreign capital
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Newsletter 132
to grow out of their NPL problems.” The IMF is concerned about the strength of Greek banks capital... would allow the relaxation of capital controls before the end of the programme and banks would... in energy, which went up by 17.9 percent, followed by capital goods (+15.7 percent), intermediate goods
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Tsipras concludes US trip with focus on geopolitics and investments
PoliticsGreek Politics, ABS, Silver Point Capital and Greylock Capital took part in the meeting, along with Economy... recently acquired Ethniki Insurance in Greece; Richard Driehaus, founder of Driehaus Capital
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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBankingby 0.5 percent QoQ to 66.8 million, driven by fees from lending, network, capital markets and mutual...-to-date basis. Capital The phased-in Common Equity Tier 1 (CET1) ratio edged down to 15.1 percent in Q3... and the issuance of Tier II bonds, in favour of the Greek state, which count in the total regulatory capital
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Further measures to protect and strengthen financial stability foreseen in sMoU
EconomyProgramme: normalising liquidity and payment conditions and strengthening capital, addressing NPLs and enhancing... and key statistics related to capital controls, which the Greek authorities have committed... implementation of the capital controls relaxation. The BoG will oversee the process
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingincome rose by 4.7 percent QoQ to 69.9 million, driven by fees from lending, network, capital markets... the total impact for the first year is expected at 16 bps. Capital The phased-in Common Equity Tier 1... capital and strengthen our position in the Greek market and abroad, by providing financing to our
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IFRS 9 provisions required by banks in line with expectations
EconomyBankingfor any, if at all, capital injections. The process for Greek banks had to be accelerated to ensure... of required provisions in the first three years. As such, the immediate capital impact for Greek lenders... for NBG. The total impact on capital adequacy is seen at 230 bps for Alpha, 290 bps for Eurobank, while
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