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Newsletter 56 - 18/12/2015
period. Τhe agreement also stresses that the net amount for the purchase of ADMIE is heavily depended... million with net profits at 55.9 million. The company’s cash amounted to 118.3 million in 2014 and its net debt to 336 million. In addition, its regulated asset base amounted to 1.4 billion euros
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General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
EconomyMacroeconomyby 676 million in the fourth quarter of 2015, arrears posted a net increase by 1.56 billion...-sectors posted an insignificant net change within 2015. In particular, Tax refunds’ arrears landed... and a net increase of 2.5 billion in EFSF/ESM/IMF loans. The latter includes the return of 10.9 billion
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Greek stocks surge 9 pct, up for third successive week
EconomyEurobank posted on Wednesday a net loss of 175.3 million euros in the fourth quarter (Q4) reflecting improved quarter on quarter (QoQ) net interest income, marked rebound of fee income and higher loan impairments. On Thursday, Alpha also reported a net loss of 533.1 million euros on the back
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingNBG concluded on Tuesday the release of Greek core banks’ fourth quarter (Q4) results, posting net.... Net interest income (NII) edged up 1 percent QoQ to 474 million euros, largely due to lower... guided for a sharp reduction in cost of risk (provisions over net loans) from 329 bps in Q4 to 150-170
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Newsletter 70 - 15/04/2016
document estimates net savings of 2.5 percent of GDP are required to achieve a much lower primary surplus... a record low of 692 in absolute terms. Net hirings in March The employment balance showed net
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Newsletter 73 - 13/05/2016
38 months. Housing and transport prices, which fell by almost 5 percent, fuelled April’s drop. Net hirings up in April Greece saw net hirings of 90,631 in April, up by 10,408 compared... of 124,545 departures. The biggest positive contributors to net hirings were accommodation (+46,086), food
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Newsletter 75 - 27/05/2016
company OTE and Hellenic Petroleum. On the bank front, Piraeus posted on Wednesday a net loss of 37 million for the first-quarter (Q1). It is worth highlighting the quarter-on-quarter (QoQ) rebound in net... for the first time since 2008. Ethniki (NBG) released its Q1 results on Thursday, with net profit at 87 million
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agoraenhanced with two banks, NBG and Eurobank posting net profit of 87 and 60 million euros respectively, while Alpha and Piraeus recorded relatively modest net losses of 2 and 37 million respectively. The first positive development relates to a further quarter on quarter (QoQ) improvement in their net
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Credit contraction accelerates to 2 pct in May on increased loan deductions of 357 mln
EconomyMacroeconomy, Bank of Greece (BoG) figures displayed on Monday. Net deductions increased to 357 million euros... moderate at 68 million. The year-to-date net deductions stand at 1.46 billion in the 5-month period... million. Since the beginning of 2011, when Greek bank credit turned negative, cumulative net
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Technical MoU provides more detail on fiscal brake, arrears and privatisations
EconomyProgrammemechanism adopted recently, the technical MoU clarifies that, in case it is activated, the net fiscal..., net of EU transfers to the Greek budget for migration-related costs, are excluded from... that the government has cleared net arrears for an amount equivalent to 80 percent of the previous disbursement
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