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Greek stocks climb 4.3 pct on week, banks’ strong performance continues
EconomyStock Exchange reached 648.27 on Thursday, which was the highest reading since June 8. Over the last... that their aim to cut non-performing loans to 20 percent of gross loans by the end of 2019 is a credit
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Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
EconomyMacroeconomythe imposition of capital controls at the end of June 2015, the time deposit rate has dropped by 110 bps... of the 8-percent mark. In contrast, loan rates without a fixed maturity (mostly credit cards) was kept
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BoG report reveals impact on banks’ capital from NPE reduction and loan sales
EconomyBanking-loaded Common Equity Tier 1 (CET1) ratio of around 17 percent in June 2016, the exercise revealed... provisions for credit risk amounted to 53 billion euros, implying a NPE coverage ratio of around 50
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Tsakalotos and Stournaras raise objections to IMF assumptions
EconomyProgrammefor lower tax credit wrongly compares actual tax declarations in Greece with household budget survey data... Minister in the July 2012 – June 2014 period, he outlined four key issues regarding the IMF stance
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Athens forced to consider shelving market access plans for now
PoliticsGreek Politicswill reassess the situation next week, taking into account also a possible credit rating upgrade by Standard... at the June 15 Eurogroup, where the creditors urged Athens to ensure that he does not face further legal
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBankingnoted it aims to reduce the parent NPE and NPL stock by 12.3 and 11.6 billion respectively from June... stayed almost stable QoQ at 7.6 billion in Q4 with the deferred tax credit (DTC) edging down QoQ to 4
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EC upbeat on reforms paying off, as long as they continue
EconomyProgrammecredit to broaden the tax base in 2020. If it is seen necessary to maintain the primary surplus... euros in June 2016 6.5 billion in July 2017, a net reduction of EUR 3.2 billion despite Greece
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Greece prepares for bond issue, looks to pave way for programme exit
EconomyProgrammein Kathimerini, the lenders are aiming to put all these pieces together before the June 21 Eurogroup... credit line, which would come with conditionality, to support its exit from the programme. European
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Tension between coalition and political opponents here to stay
PoliticsGreek Politicsfor repeatedly suggesting that Greece should seek a precautionary credit line, even though this idea has.... Stournaras said he intends to see out his term as BoG governor, which runs until June 2020. The government
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Pressure mounts on coalition to complete fourth review prior actions
PoliticsGreek Politicsto be in the position it would like going into the May 24 Eurogroup, or even in June, when the coalition... on Wednesday the idea of Athens asking for a precautionary credit line. Reacting to a report in Germany’s
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