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Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
EconomyMacroeconomy. The monthly flow remained subdued for the second straight month with net deductions of 28.7 million euros in December from net additions of 61.7 million in November. The modest negative flow in December reflects household and sole proprietors’ net deductions of 157 and 15 million respectively mitigated
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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomyis the lowest rate of decline since April 2011. More importantly, the net lending flow stayed positive.... The April figure is the highest reading since June 2012, when net additions stood at 853 million. The positive flow in April is almost entirely attributed to corporate sector net additions of 763
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingPiraeus Bank’s third quarter (Q3) figures revealed net results from continued operations showing a profit of 44 million euros compared to a net profit of 20 million in Q2 2019. This marks a fifth consecutive quarter where net results have landed on a profit rather than loss. Net results overall
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Holding out for a (reformist) hero
Agora, no single person can be transformative. There is no figure in Greece at the moment that carries that much... where an obstacle course of determined interest groups, non-cooperative civil servants, serpentine
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingAlpha Bank reported net profits of 98 million euros for the second quarter (Q2) of 2020 compared to a net loss of 11 million euros in Q1 2020. On an aggregate basis, net profits in the first half (H1... agreements for the sale of large single assets north of 15 million. By the end of the year, the bank
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Of symmetry and adjustments in the eurozone
Agoralandscape: Look at the following figure, showing the evolution of net lending (a measure of change... then, the adjustment of peripheral countries has been dramatic (their net lending was virtually zero in 2012... but not negligible (1.9 percent) surplus. The eurozone today is a net saver, and therefore siphons aggregate
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Eurobank net profits at 34.5 mln in Q1
EconomyBankingEurobank recorded net profits of 34.5 million euros in the first quarter (Q1) of 2018, representing a year-on-year (YoY) decline of 5.5 percent versus net profits of 36.5 million euros in Q1 2017. Net results before discontinued operations and restructuring costs point to profits of 57.2 million
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBankingPiraeus Bank reported a positive bottom-line result for the second straight quarter, with net... quarter. For the 9-month period, the bank posted net profits of 14 million from losses of 621 million a year ago. The quarter on quarter (QoQ) improvement in profitability reflects a rebound in net
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These are the bailout deliverables expected from Greece in September
EconomyProgrammethe comprehensive and consistent application of the TPC and ensuring appropriate single-violation penalties... will be treated as a single but serious procedural violation for VAT. 3) Sign the ministerial... to indirect bank account registry and to tax administration data and create a single Social Security
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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomyand net revenues which more than offset lower expenditure. Revenues excluding tax refunds rose 6.1... sevenfold to 294 million from just 43 million last year, 195 million above target. As a result, net... 1 billion euros compared to the initial estimate of 812 million incorporated in the 2014 budget
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