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CPI rises by 1 pct in June, staying positive for third month
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1 percent in June following an increase of 0.6 percent... July 2017 to June 2018 was 0.6 percent. Month-on-month, the CPI rose by 1 percent compared to May’s...) rose by 1 percent year-on-year in June. Month-on-month the HICP increased by 0.9 percent. The overall
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Where is Odysseus? Part 1 - Demographics
AgoraIn 2019, one of us wrote a book[1] about the Greek economy called “The Macroeconomy of Greece... demographics impacts the availability of labor (L). Population. Figure 1 refreshes the population baseline... demographic transition is moving toward an elderly and smaller population. In Table 1, we provide a sample
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Newsletter 34 - 10/07/2015
. The document indicated that VAT reform will target net revenue gains of 1 percent of GDP... percent of GDP in 2015 and 1 percent in 2016. There are a number of tax increases, including... to taking out 50 euros due to the shortage of 20 euro banknotes. Pensioners were most hit by the strict
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingloan provisions eased by 1 percent to 475.7 million. Top-line results mainly incorporate... by 1 percent QoQ, cost of risk remained flat at 2.6 percent. Cumulative provisions (LLRs) improved... by Q4 from the divestment of ATE Insurance and 20 million to be recognized in Q3 from the 5 percent
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBanking. The final price was rumoured to be equivalent to more than 20 percent of the portfolio's nominal value... to Piraeus and Zepos and Yannopoulos as Greek legal counsel to Piraeus for the transaction. Around 20.... This will be achieved through a combination of restructurings, curings, liquidations and collections (-7 billion euros
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Newsletter 168 -29/06/2018
from SYRIZA, 7 from ANEL) in the 300-seat Parliament. The departures have created a negative trend... is seen levelling off at 1 percent in the long-term, which translates into a 3 percent long-term nominal... onwards, reaching 28.1 percent in 2060, which is above the threshold of 20 percent which the Eurogroup
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National Bank posts 9-month profits of 1.18 bln
EconomyBankingprovisions, which stood at 368 million up 7 percent QoQ. Similarly to the previous quarter’s performance... by a modest 1 percent QoQ. The yearly drop mainly stems from a double-digit decrease in personnel... with the coverage ratio at 45.3 percent. Gross loans rose by almost 1 billion QoQ to 71.4 billion
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingthrough a combination of restructurings, curings, liquidations and collections (-7 billion euros... to roughly 1.9 billion euros. Piraeus Bank expects to reduce the NPE balance to under 20 billions euros... adoption of the IFRS9 accounting policy for exposures in Stage 3 (1 billion euros). Net fee
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Newsletter 81 - 08/07/2016
refinancing facilities, Greek banks could replace 7 percent of emergency liquidity assistance (ELA... the ballot takes place, probably on July 20. Even if the 200 votes are not secured, one proposal... euros and slipped by 6 bps to 5.17 percent for amounts between 250,000 and 1 million euros
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingstraight quarter by 1 billion QoQ to 20.1 billion at the end of September. Overall, NBG’s NPEs have... reflecting lower insurance income. Net interest income (NII) improved by almost 1 percent QoQ to 485 million... percent in Q2, remaining by far the lowest among its domestic peers. The Common Equity Tier 1 (CET1) ratio
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