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European Commission report due to set tone for build-up to March 11 Eurogroup
EconomyProgrammeto decide on whether to approve debt relief measures totalling up to 1 billion euros. The government.... The payment scheme is set to include up to 100 instalments as well as a reduction or complete cancellation... that based on a series of assumptions, 5 billion euros in state guarantees should be enough to rid
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBanking. The underlying profitability reflects pre-provision income (PPI) of 828 million in H1, up 5 percent coupled... percent to 390 million, while loan provision also fell by 5 percent to 342 million. The key drivers... YoY in H1 but rose 1 percent QoQ with net interest margin (NIM) improving to 2.74 percent in Q2
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Greece sees deal by June 5 but size of gaps tells different story
PoliticsGreek PoliticsThe Greek government remains optimistic that it can reach a deal with lenders by June 5, when.... It also sees convergence on the planned VAT overhaul. However, the two sides are still said to be 1... on this particular issue. The prospect of a deal being clinched by June 5 also runs counter
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Apartment prices fall at slightly slower pace of 5 percent in Q1
EconomyMacroeconomy, point to a further decline in housing prices by 5 percent in 2016 and 1 percent in 2017.... there was a 5 percent decrease from a revised 5.3 percent in Q4 2015, Bank of Greece (BoG) data... since Q2 2011. Prices of new apartments (up to 5 years old) fell by 0.5 percent QoQ and 5.6 percent
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Time deposit rate eases by another 5 bps in Nov, average loan rate drops 16 bps
EconomyMacroeconomy, the respective rate rose to 5.22 percent (amounts between 250,000 and 1 million euros). It fell to 5 percent for amounts above 1 million euros. The corporate lending rates in Greece stand around 200-300...Greek households’ new time deposit rate eased by 5 another basis points (bps) to just above
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General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion.... Therefore, we conclude that despite the decline in past years’ arrears, around 1 billion of new arrears were..., up by more than 5 billion from last year on the back of ESM disbursements of 10.3 billion mitigated
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NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
EconomyBankingThe National Bank of Greece (NBG) posted net profits of 5 million euros in the first quarter (Q1... income (ΝΙΙ) improved 1 percent QoQ to 445 million in Q1 mostly reflecting a rebound in loan NII from... call, management noted that the new time deposit yield is expected to be further reduced by another 5
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Employment data for 2021 shows 88.3 pct of firms have up to 10 staff, 1 in 5 workers earns below 500 euros
EconomyA special publication by the Labour Ministry based on data from the Ergani database presents the latest digest of the Greek labour market and a profile of Greek entrepreneurship. The data for 2021 has remained broadly unchanged compared to 2020, with th...
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Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
EconomyMacroeconomynew deposits marginally down by 1 bp to 0.37 percent, which is also a new historic low since 2002... for amounts over 1 million euros, where the interest rate climbed 97 bps to 4.91 percent and more than... and 1 million euros remained almost flat at 5.33 percent. Following the evolution in October
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Deposit rates stable, avg loan rate below 5 pct for first time since 2002
EconomyMacroeconomyThe interest rate on households’ new time deposits marginally increased by 1 basis point (bp... at 5 percent. The current trend mainly reflects lack of competition since the four systemic banks... percent in the interest rate on loans with fixed maturity for amounts above 1 million euros. The rate
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