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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingthrough a combination of restructurings, curings, liquidations and collections (-7 billion euros... to roughly 1.9 billion euros. Piraeus Bank expects to reduce the NPE balance to under 20 billions euros... adoption of the IFRS9 accounting policy for exposures in Stage 3 (1 billion euros). Net fee
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Newsletter 81 - 08/07/2016
refinancing facilities, Greek banks could replace 7 percent of emergency liquidity assistance (ELA... the ballot takes place, probably on July 20. Even if the 200 votes are not secured, one proposal... euros and slipped by 6 bps to 5.17 percent for amounts between 250,000 and 1 million euros
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingstraight quarter by 1 billion QoQ to 20.1 billion at the end of September. Overall, NBG’s NPEs have... reflecting lower insurance income. Net interest income (NII) improved by almost 1 percent QoQ to 485 million... percent in Q2, remaining by far the lowest among its domestic peers. The Common Equity Tier 1 (CET1) ratio
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CPI rises for ninth straight month in Sept with 1 pct increase
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1 percent in September, up slightly from the 0.9...’ and services’ indices advanced by 1.1 and 1 percent, respectively. The harmonised index of consumer prices (HICP) also rose by 1 percent in September, up from August’s figure of 0.6 percent. The main driving
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CPI rises by 1 pct in August, staying positive for fifth month
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1 percent in August after a rise of 0.9 percent in July... that the figure has landed at 1 percent. The average CPI for the latest 12-months since August 2017 remained...), health (+1.5 percent) and hotels, cafes and restaurants. Smaller rises ranging between 1 percent and 0.2
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Athens eyes multiple benefits from joining China-backed 17+1 initiative
PoliticsForeign Policycalled 16+1 group, becoming the 17th member of the collective. The Dubrovnik meeting last Friday... clearly expressed his intention to join the 16+1 group (11 participant states are EU member states... of what will be called from now on the “17+1 initiative,” a significant step for the summit
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CPI rises by 1 pct in April
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) increased by 1 percent in April following a rise of 0.9 percent... percent, from 0.8 percent in the March rolling period. Month-on-month, the CPI in April rose by 1 percent...-on-month, the HICP showed an increase of 1 percent. The overall CPI increase on an annual basis was driven
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Piraeus NII exceeds 1 bln in H1, commissions income at 325 mln
EconomyBankinghalf in H1 to 0.5 percent, down from 1 percent a year ago. P&L Net interest income (NII) came to 1.05... in H1 2023. Eurosystem funding dropped further to 1 billion euros of TLTRO III, with the remaining 1
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IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
EconomyProgrammeneeds to remain below 10 percent of GDP until 2040, rising to 20 percent by 2060. According.... In addition, gross financing needs cross the 15-percent mark by 2024, and 20 percent by 2029... sustainable, the IMF suggests: 1) Maturity extension of 14 years for EFSF loans, 10 years
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Newsletter 94 - 04/11/2016
to return to Athens in mid-November, while the Eurogroup on November 7 is scheduled to take stock... the tax credit to 1,600 euros (from its current 1,900 euros) with estimated savings of 1 billion euros... of around 1.8 billion in the last three months, the backlog has decreased by 1 billion, indicating
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