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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingThe phased-in Common Equity Tier 1 (CET1) ratio came to 15.7 percent from 15.1 percent Q4. The bank noted... Properties announced on May 17 that they would suspend trading as of May 20 and delist the company from
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Budget primary surplus at 918 mln in May, expenditures rise as 13th pension payment takes effect
EconomyMacroeconomyto a deficit of 545 million euros compared to a slight surplus of 20 million euros seen in April. Compared... recorded a deficit of 1.76 billion euros compared to a deficit of 1 billion million euros seen
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Piraeus Bank issues Tier II bond to strong demand
EconomyBankingfrom over 20 jurisdictions placing orders as part of the book building process. The process was run... contains properties worth around 1 billion euros. This deal was seen as a precursor to the issuance
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Budget primary surplus confirmed at 916 mln in May on higher expenditure
EconomyMacroeconomyof 547 million euros compared to a slight surplus of 20 million euros seen in April. Compared... a deficit of 1.76 billion euros compared to a deficit of 1 billion million euros seen
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Fiscal targets and tax cuts on agenda as Staikouras meets Regling
PoliticsGreek Politicsof this month. The New Democracy tax package for 2020 includes a 20 percent reduction to the ENFIA... cut legislated by the previous government, may be sacrificed to avoid the fiscal gap of more than 1
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Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
Economythe target by 1 percentage point from 2021 onwards. This will be part of a negotiation with the ESM... is for them to drop to 20 percent of total loans by 2021. The economic recovery, improved real estate prices
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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBanking, net results in this category came to 90.1 million euros, down by 20 percent compared to the figure... ago. Capital The phased-in Common Equity Tier 1 (CET1) ratio came to 15.9 percent from 15.7 percent
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Growing Greece: From narrative to reality
Agorabringing New Democracy to power with a clear majority, the result, which saw a swing of about 1 million... reduction of corporate tax from 28 percent to 24 and then to 20, as well as the lowering of the tax
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Reopening of 10-year bond secures record low yield of 1.5 pct
Economymarket reaction, PDMA underlines. Following an initial guidance of 1.55 percent and a minimum tap of 1... and private banks at 20 percent and hedge funds at 10 percent. The geographic distribution has the UK
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Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBankingaround 1 billion euros. The joint venture will be named Intrum Hellas. According to reports, 80 percent of the new company will be owned by Intrum and 20 percent by Piraeus Bank. The bank plans
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