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BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
EconomyBankinginternal capital. The capital adequacy of Greek banks stood at 15.6 percent in Common Equity Tier 1 (CET1) in June. The BoG notes that this type of capital composition, with high DTCs, prevents banks... of NPEs between 1 and 10 percent brings relief of 500 million to 5.2 billion euros to the balance sheet
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ND feeling fiscal pressure as row over media handouts rumbles on
PoliticsGreek Politicsfor the property tax reduction and 1 billion to reduce social insurance contributions. However... surplus of 1 to 1.5 pct of GDP. Also, the pan-EU Recovery and Resilience Fund proposed by the European... is gradually opening up to visitors from abroad, with all airports due to open on July 1
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Athens angling for tougher EU stance on Turkey ahead of summit
PoliticsForeign Policyshould begin immediately. This view was reiterated on December 1, when Foreign Ministry spokesman Hami... on December 1. Government sources say that the two men assessed the current situation. Paris has recently... on Germany not to allow the delivery of six Type 214 submarines ordered by Ankara as it believes
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomyby 36 bps in April and by 70 bps year to date to 5.82 percent. As a result, the interest rate spread.... On the loan front, the most material change was posted in corporate loans above 1 million euros... to 6 percent. The average euro-area rate on corporate loans over 1 million euros stands almost 4
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Eurosystem funding for Greek banks shoots up by 11.2 bln in December
EconomyMacroeconomyin December reflects the combined effect of: 1) Deposit outflows of circa 3 billion in December, which...) Higher haircut on state-guaranteed ECB collaterals which reduced the system’s liquidity by almost 1... eligibility as of March 1, 2015. These collaterals relate to pillar II bonds of a government liquidity
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Unemployment up for second straight quarter to 24.9 pct in Q1
EconomyMacroeconomy, despite easing by 1 pp to 50.9 percent in Q1. The most notable decline was posted in the next age group... for the second straight quarter by more than 1 pp quarter on quarter (QoQ) to 21.1 percent in Q1 from 22.6 percent in Q4. Meanwhile, the number of long-term (more than 1 year) unemployed fell to 839,800
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyto 19.7 billion. Consumer credit NPE ratio is foreseen to decline by 18 pp to 36 percent, while... and shipping just 1 percent. In addition, the consumer and housing loan portfolios will contribute..., 1 percent better than the target of 106.9 billion, while the respective ratio stood at 51 percent
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingNPLs fell by 36 million euros, while mortgages contracted by 19 million. An increase of 71 million... by 9.1 percent QoQ to 267.8 million, declining by 1 percent YoY. The cost to income ratio came... by 1 billion QoQ to 35.9 billion at the end of Q1, increasing by 2.8 billion YoY. On a domestic
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankinganother package of non-performing loans of small enterprises, totalling roughly 1 billion euros, which... euros. On an annual basis, expenses showed a slight increase of 1 percent. The decline in Q1... percent and 2.8 percent QoQ, respectively. Loan impairments fell by 36 percent QoQ to 121 million euros
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Newsletter 164 -01/06/2018
Stability Mechanism will be able to release another sub-tranche of 1 billion euros. In the meantime... female workers, representing nearly 36 percent of those registered, as opposed to a quarter... contraction in the Greek market deepened to 1.9 percent in April compared to a contraction of 1
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