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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economypercent quarter on quarter (QoQ) to 423 million. Fee income also fell 2 percent QoQ, yet the considerable... income by 1 percent QoQ to 597 million. After a drop in Q1, expenses headed north in Q2 increasing by 1... core-pre provision income (excluding one off items) rebounded 2 percent quarter on quarter (QoQ
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingtotal costs to stand below 1 billion for the whole year, from 750 million in the 9-month period. Over... the NPE mix with retail loans making up 55 percent of total NPEs, the bank said that the retail NPE... 20 percent each to the total NPE cut, while write-offs will make up the remaining 40 percent
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Public sector staff trends survive MoU exit, change of government
Societystable At the end of the adjustment programme, Greece committed to a replenishment ratio of 1:1... the ratio had been as low as 1:5 (one hire for every five departures), transitioning to 1:3 in the final... to rise While permanent staff levels have been kept steady overall, the total public service
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Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomyof 2 percent in Q3, which also reflected a low base effect. The Q4 figure is also worse than the flash... percent QoQ and 2 percent YoY leading final consumption expenditure down 1.1 percent QoQ and up 0.6... consumption fell by 2.1 percent, leading total consumption up by 0.6 percent. Private consumption retains
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IMF's latest macro and fiscal estimates reflect economic stability
EconomyMacroeconomyeconomy growing by 2 pct this year and in 2026, with both estimates below the outlook the Greek... Outlook (WEO) of April that expected the economy in 2026 to grow by 1.8 pct, and 2 pct this year... by 3.1 pct this year and by 2.5 pct in 2026, moderating to 2 pct by 2030. The current account
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Finance Ministry challenges SYRIZA's plans for economy, ups cost
Economybillion above the 2 billion SYRIZA forecasts b) The increase in the Public Investment expenditure, which... to 12,000 euros (at 2 billion by the MoF, 500 million above that of SYRIZA) b) increased funds for local... for those under the poverty limit so that the total servicing of their obligations for taxes, bank loans
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Newsletter 74 - 20/05/2016
that 168 groups with total loans of 14.7 billion, of which around 74 percent were classified as non... would have high priority in the upcoming restructuring process. The total loan exposure of those five... would unlock the pending tranche of 5.6 billion, plus 2 billion for the clearance of arrears. Tsipras
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A sudden turnaround that could lead to sharp shock
Agorabusinesses, or 90 pct of the active total, being under some sort of support, encompassing a total of 2... closed in 2013, with the economy contracting by 3.2 pct. By 2013 total Greek economic activity had... transport take the lion’s share of services receipts, representing more than 83 pct of total
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Greece stands on fault line between vicious and virtuous cycles for 2016
Agorainterest bill is below 6 billion. In total, Greece needs 13.2 billion euros to meet all its debt... an extensive pensions cost saving exercise that has to deliver complete savings of 1 percent of GDP... the largest IMF installment of the year at 876 million, which leads to a total figure of IMF obligations
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Unpaid social security contributions hit 15.35 bln at end of 2015
Economy1 billion. From the total overdue contributions of 15.35 billion euros at the end of 2015, 11.31... and 30,000 euros each for a total amount of 1.26 billion. On the other side of the spectrum, just 1,028 debtors owe more than 1 million euros each for an aggregate amount of 3.47 billion euros
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