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IMF report sees a number of risks lying ahead for Greece
EconomyProgramme) published its own review report on April 25. The initial publication date was for June 5, but it was postponed until June 10, one day after the cabinet reshuffle and the appointment of a new finance... mainly related to higher credit loss projections in the adverse scenario and from weakness
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BoG sees encouraging signs for Greek economy but warns on reforms
EconomyThe Bank of Greece (BoG) issued its Monetary Policy 2013-14 report on June 12, which is the last... credit NPLs remain at the high end at 47.3 percent (from 38.8 percent in 2012), followed by corporate... committed to valuate these plans by the end of June. The key challenge for Greek banks is effective NPL
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Greek time deposit rates fall further in August
EconomyMacroeconomycrisis period, the time deposit rate peaked at 5.01 percent in June 2012 and shows a steady declining... the 3-percent mark, while the rate for consumer loans without a defined maturity (mainly credit cards... with a peak of 5.82 percent posted in April and a low of 5.18 percent recorded in June. The overall impact
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Greek deposit and loan rates slide in September
EconomyMacroeconomy, time deposit rate peaked marginally above the 5-percent mark in June 2012, while follows... a defined maturity (mainly credit cards) remained flat at 14.46 percent. The rate of loans to sole... since June to 3.89 percent in September from 3.97 percent in August. In the preceding two months
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Deposit rates stable, avg loan rate below 5 pct for first time since 2002
EconomyMacroeconomyupward trend in the previous incident of huge outflows (prior to June 2012 elections) when it peaked.... On the consumer credit front, the interest rate in consumer loans with fixed maturity fell by 19 bps... spread falling by 15 bps to 3.79 percent in February, which is the lowest reading since June 2014.
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Newsletter 27 - 22/05/2015
Fund next month. It is due to pay 300 million euros on June 5 in the first of several debt... has already had to be extended by four months until end-June and speculation is rising... the potential to adversely affect the credit mechanism on the island. The central bank authorities
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Referendum call stretches state liquidity, pensioners first to bear the brunt
EconomyProgrammeJune 29 until July 6 had a series of negative repercussions on the life of Greek citizens... of the social security contributions. As a result, OAEE said it will credit the half pension to its... of taxpayers prefer to pay close to the end of each month. This means that June public revenues would
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The key points in Greece's new bank recap bill
Economyfirms. 7) Banks may recognise Deferred Tax Asset (DTA) for credit risk until the end of June 2015... the end of June 2017. The Finance Minister may extend it by up to two years. 9) The compensation
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EC sees milder Greek recession in 2015, debt ratio to climb to 200 pct in 2016
Economyand the imposition of capital controls in late June. Greek GDP is now expected to contract 1.4 percent... and the weak credit flow will take a heavy toll on the domestic economic activity in the second half... in the June 27 Eurogroup as well as the negative impact from the official support for bank recapitalisation
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OECD sees recession in 2015-16, stresses need for reform implementation
EconomyMacroeconomyprevious estimates in early June, the OECD projected a growth of 0.1 and 2.3 percent respectively. The OECD... the unemployment rate easing to 25.2 percent in 2015 from 25.7 percent in its June forecasts, while... impact from the credit crunch on domestic demand that would trigger a new round of fiscal measures
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