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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingthat is expected to increase the bank’s capital value by 1 billion euros. The deal will take the form... ordinary shares for every 1 Grivalia ordinary share, while Eurobank shareholders will retain...) and pre-provision income of 1 billion (0.28 euros per share) based on nine-month results. Around 30
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingthe Jupiter portfolio of NPLs valued around 1 billion euros to a consortium of funds managed by Apollo and IFC... of investment banking and brokerage. Recurring operating expenses rose by 1 percent QoQ 274.5 million, falling... plan. Capital The Common Equity Tier 1 (CET1) ratio stood at 18.3 percent, down slightly from
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingcoming to 10.6 billion. P&L Net interest income (ΝΙΙ) fell by 1 percent QoQ to 274 million. In 9M, NII... (73 percent in Q2) and 72 percent at the group level. Fee income rose by 1 percent QoQ to 49 million... Equity Tier 1 (CET1) ratio stood at 16.4 percent in Q3 from 16.2 percent in Q2, which incorporates
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Newsletter 186 -07/12/2018
in coming years Greece’s seasonally adjusted (SA) GDP grew by 1 percent quarter-on-quarter (QoQ... from 4.76 million in August. GDP growth of 1 pct seen QoQ in Q3 In current prices, the increase YoY... percent QoQ. Greece’s GDP grew by 1 percent in the third quarter (Q3) of this year according
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General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
EconomyMacroeconomy(+1 million). At 30.5 percent, arrears of SSFs made up the majority of arrears during the month... and came to 2.38 billion euros, or under 1 percent of the total. Guarantees The stock of gg... billion, rising by 3 million, while non-gg entities fell by 1 million. Bank-related guarantees fell
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Newsletter 187 -14/12/2018
by a fall in the number of unemployed by around 34,200 quarter-on-quarter, keeping the figure under 1... and fishing. CPI up by 1 pct in November Latest reading marks eight consecutive months of price rises... Price Index (CPI) rose by 1 percent in November from a rise of 1.8 percent in October, ELSTAT data
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Athens poised to unveil new minimum wage as post-MoU review continues
EconomyProgramme, the IMF maintains its long standing position that growth will retract to just above 1 percent, when... will then be issued by Labour Minister Efi Achtsioglou so the new minimum wage can be implemented from February 1... minimum wage up to around 630 euros from February 1.
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Athens eyes implementation of name deal as Skopje homes in on NATO membership
PoliticsForeign Policy1, paragraph 1 (a) of the Agreement, which foresees "the technical transitional period shall relate... in accordance with Article 1 (3) shall commence at the opening of each EU negotiating chapter
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Newsletter 197 -8/03/2019
ministers will not be in a position to give the green light for almost 1 billion euros in debt... to revised data, the increase in the first, second and third quarters of 2018 was 0.3 percent, 1... contraction of 1 percent in 2017. Compared to the previous quarter, apartment prices rose by 0.7 percent
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Newsletter 201 -21/04/2019
Eurogroup nod allows next move Govt aims to pay off some IMF loans early after receiving 1 bln from... measures, worth almost 1 billion euros, after the European Commission deemed that Athens had completed... commitments for end-2018,” and unlocking close to 1 billion euros in funds. exclude any strategic
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