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Newsletter 273 -13/11/2020
, including myself, was that if we opened up in June, due to high temperatures the following months until... In an unexpected move on Friday night, Moody’s upgraded Greece’s credit rating by one notch to ‘Ba3... last year, S&P had raised Greece’s credit rating to ‘BB-‘, while Fitch moved Greece up to ‘BB
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Alpha Bank Q3 results reflect net profits of 43.8 mln
EconomyBankinglockdown. The NPE ratio for the group at the end of June 2020 stood at 42.8 percent, while NPE...-compliant credit pre-ratings have been received and applications for the provision of guarantees... to the positive impact from the quarterly profitability, a decrease in credit risk and an improvement
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Newsletter 278 -14/12/2020
sector. In the meantime, the government has been able to take credit for a series of inward investments.... This has deteriorated since June due to the larger contraction and higher support spending. Despite... pandemic credit risk. NPEs have dropped during the year by close to 10 billion euros, mostly assisted
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Lenders confident of being well-placed to overcome global banking sector turbulence
EconomyBankingin the US and trouble at Credit Suisse, the entire banking system, led by Bank of Greece governor Yiannis... from June 2021, worth 600 million euros and a coupon of 8.75 pct. Both issuances are traded in Luxemburg and have been under severe pressure since the Credit Swiss sale to UBS and the treatment of AT1
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Newsletter 375 - 24/03/2023
current cycle of credit rating reviews from the leading agencies that are taken into account... was kept stable. Fitch is due to publish its next opinion on June 9. Even before the Tempe train... and the developments at Credit Suisse. Thankfully, the sovereign debt profile is very mild this year
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Inflation and property data cloud economic picture
EconomyMacroeconomythe European Parliament elections on June 9, the economy continues to pose challenges for the government.... The issue of access to credit was underlined by the latest data from the Independent Authority... to 10,000 and are on the borderline for having credit applications rejected. A 100,000-euro mortgage
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PBO affirms strong macro and fiscal trajectory, growth seen at 2.2 pct
EconomyMacroeconomyconfidence. This has prompted S&P to upgrade Greece’s sovereign credit rating to ‘BBB... credit rating and increased integration with European banking reflect a more open economy, encouraging... delays could hinder the recovery of Greece’s capital stock to 2010 levels. The June 2025 Council
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Newsletter 477 - 26/09/2025
June - further underscore the size of the grey zone. TIF response The PM’s tax-relief package has... Credit growth was stable in August at 10.6 pct year-on-year with most of the inflows coming from...-financial corporations was 77.42 billion euros, while credit to sole proprietors stood at 3.76 billion
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Eight in 10 tourist visits to just five regions, six nationalities generate half of receipts
EconomyFeatures. It found that in 2018, a total of 34.8 million tourists visited Greece’s 13 regions, an increase of 12.3... euros, an increase of 8.2 percent. An average of 1.2 regions were visited per trip. However, for long haul arrivals, the number of regions visited tended to be higher. For example, visitors from
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Under pressure from public opinion, Mitsotakis concedes mistakes on Tempe
PoliticsGreek Politicssite before the investigation was concluded. In a final reversal, Mitsotakis distanced himself from... him from justice. Triantopoulos oversaw the clean-up operations at the crash site, which the families... by the National Technical University of Athens into the chemicals at the crash site, which is expected at the end
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