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  1. DTA may spell new trouble for Greek banks
    Photo by MacroPolis

    Agora

    (DTA) that were legislatively converted to deferred tax credit (DTC), strengthening banks’ capital... of DTA to DTC for deferred tax related to PSI losses and accumulated provisions due to credit risk... percent of the DTA converted to DTC, issuing at the same time conversion rights in favour of the Greek

    100%

  2. Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence

    Agora

    Greece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern

    82%

  3. Greece changes banks' DTA conversion law to secure ECB/EBA approval
    Photo by MacroPolis

    Economy

    allows the conversion of the deferred tax asset (DTA) to a tax credit (DTC), following a relevant...) corporate income tax. b) The perimeter of the DTA covers PSI losses as well as losses related to loan... a special reserve equal to 110 percent of the DTA that is to be converted into DTC. At the same time

    75%

  4. Helped by trading gains, Eurobank posts 305 mln in Q1 profits
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year. Core pre-provision income (PPI) rose by 10.4 percent year-on-year (YoY) in Q1 to 240.4 million euros, with 62.1 million euros of loan loss provisions

    63%

  5. Are Chinese investments starting to hit a wall in Germany?
    Photo via Flickr https://flic.kr/p/oDf3bQ

    Agora

    to allow privately-owned Huawei equipment to be used in its forthcoming mobile telephony 5G wireless... of Vodafone and Telefónica O2 operating in Germany have built the 4G network with Huawei infrastructure equipment. All three companies have long-term strategic partnerships with Huawei. The transfer

    61%

  6. National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
    Photo by MacroPolis

    EconomyBanking

    to the recognition of additional deferred tax asset (DTA) of 994 million. Excluding one-offs, net profit landed.... On the cost front, operating expenses fell 12 percent YoY in H1, while remained flat QoQ... in Q2 from 2.36 percent in Q1 and 2.71 percent in Q2 2013. Gross loans remained almost flat YoY and QoQ

    49%

  7. Piraeus Bank reports net profit of 164.3 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    of additional deferred tax asset (DTA) of 200 million euros. The second involves an extraordinary... remained flat QoQ at 51 percent. Along with that of Eurobank, Piraeus coverage ratio stands... by 1 percent QoQ, cost of risk remained flat at 2.6 percent. Cumulative provisions (LLRs) improved

    49%

  8. Greek stocks end week flat as Friday’s strong rebound erased earlier losses
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    The Greek equity market moved sideways this week, ending almost flat (-0.1 percent), while trading volumes were softer than the previous week. The ESM decision to freeze the implementation of short... on Friday virtually flat from the end of the previous week. Overall, Greek stocks have gained 4.5 percent

    47%

  9. Greek stocks remain flat during week, banks underperform

    Economy

    The Greek equity market traded sideways amid muted sessions this week, ending flat compared to the previous week’s closing. S&P affirmed last Friday evening Greece’s ‘B-/B’ ratings with a stable outlook, reflecting its view that the government is meeting, albeit with delays, the terms of the third

    43%

  10. CPI stays flat in December, falls by 0.8 pct in 2016
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    month. In addition, the goods’ index stayed flat, while the services’ index edged up 0.1 percent

    43%