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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomyover 1 million to 4.68 percent, which is the lowest reading since October 2010. 2) A rise by 47 bps... month by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according... in the time deposit rate led the weighted average rate on new deposits down by 2 bps to 1.10 percent
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Newsletter 36 - 24/07/2015
that the recapitalisation of Greek banks will be concluded well ahead of 1 January 2016, when the bail-in tool... – either individually or in combination. These tools involve: 1) splitting bank operations that can be sold without the consent of shareholders, 2) transferring business to a bridge bank, 3) separating
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgramme. These measures involve: 1) Changes in the laws for hirings in the public sector, settlement of tax arrears... imposed in 2012 were unconstitutional. 2) Changes in early retirement with the retirement ages to 62..., in the middle of the EC's recent estimate of 2 - 4 percent. In addition, despite the VAT reshuffling
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomythat a large part of the revenue underperformance is attributed to: 1) SMP and ANFA income of 1.72 billion that have not been collected yet. 2) Non assessment (and consequently non payment) of the first... in early October. Expenditure Primary expenditure slipped by 2 percent in August, which indicates
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Greece passes latest omnibus bill, looks to next actions ahead
EconomyProgramme-tranche of 2 billion euros was voted through the Greek Parliament on Thursday evening. The bill... to disburse the 2 billion euros on Monday. As we indicated on Thursday, a series of pending issues... actions for the disbursement for the second sub-tranche of 1 billion, euros has not been defined yet
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingreflects: 1) Negative impact of 1.16 billion euros from Finansbank (mostly additional impairment of 612 million and goodwill write-off of 432 million) 2) One-offs of 138 million, with the bulk stemming from.... Net interest income (NII) edged up 1 percent QoQ to 474 million euros, largely due to lower
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Greece's golden visa scheme brings revenues, but risks as well
EconomyFeaturesCountry of origin Primary permit holders Total permit holders including family members China 1,395... 66 201 Jordan 62 160 Iran 57 115 Other countries 266 568 TOTAL 2,968 7,565 Source: Ministry..., around 27 percent of the total. Chinese citizens have long used overseas property as a safe haven
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Newsletter 220 -20/09/2019
at 45.4 percent of total loans, down from 47.2 percent. After coming to power in July, New... the consortium, which were held in good faith and cooperation, as the company stresses. Out of the total capital.... Deutsche Telekom AG participated in the issuance by covering 20 percent of the deal size. 2
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Newsletter 253 -05/06/2020
23,000 individuals remain in self-isolation after entering the country in recent weeks, with around 1... growth and is the sharpest QoQ contraction since Q3 2015, when there was a drop of 2 percent. Compared to Q1 in 2019, GDP shrank by 0.9 percent compared to YoY growth of 1 percent in Q4 2019. This marks
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Central government debt drops to 323.7 bln in Q3 on bond repayments
EconomyMacroeconomyyears) debt made up more than 80 percent of total, while short-term (up to 1 year) and medium-term (1... of FSM loans in Q3 involve EU financial aid of 212.7 billion in total, of which 52.9 billion relate..., accounting for 17.5 percent of total debt. Of this amount, 38.8 billion are held by private investors and 18
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