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Travel receipts up by a modest 3.5 pct in July in aftermath of capital controls
EconomyMacroeconomypercent). On the flipside, arrivals from France slipped 1 percent, while those from Russia plummeted... and 1 million above SETE initial estimate of 25 million. In addition, direct tourism revenues are now seen at 14.5 billion this year implying a rise by 1 billion or 7.4 percent above last years’ figure
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Banking system showed deposit inflows for second straight month, at 531 mln in Sept
EconomyMacroeconomyon Tuesday. The recorded inflows of around 1 billion over the past two months largely reflect... a net amount of 199 million. Following the net inflows of around 1 billion in the last two months... - rebounded by around 1 billion to 140.36 billion in September. This is the lowest reading since December
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This is what the ECB’s comprehensive assessment tells us about Greek banks
Agora. Capital needs From a starting point of Common Equity Tier 1 (CET1) capital of 25.8 billion in June... 1 billion in the baseline and 16 billion in the adverse stress test. This resulted in a capital... by almost 7 percent in the 2015-2017 period in the adverse scenario compared to a modest drop by 1 percent
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Eurobank presents 2.12 bln equity raising plan to cover capital needs
EconomyBanking) and 78 million to Tier 1 securities (at 50 percent). As we have previously noted, Eurobank could... (1:100) will take place concurrently with the capital increase. This is inevitable since the current... a tangible book value (TBV) of 3.52 billion with a phased-in Common Equity Tier 1 (CET1) ratio of 12.1
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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
Agorawill be announced at a later stage, the bank said. In addition, Alpha will also conduct a reverse split (1:15) since... timetable, new Eurobank shares will begin trading on December 1. In addition, a temporary suspension... split (1:100). The sharp drop in HFSF participation in both banks was expected since the amount
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomysessions. The discussion in the plenary is scheduled to start on December 1 and the budget is due... in 2016. This signals a revenue growth of 1 percent in 2016. Direct taxes are seen down 7.3 percent.... In absolute terms, this corresponds to incremental revenues of 1 billion in 2015 and 3.2 billion
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Newsletter 54 - 04/12/2015
. At the same time, tax arrears have increased by around 1 billion per month, to reach a total of 10.38... by 1 percent on the 2015 figure of 48.62 billion. The Finance Ministry has incorporated revenue interventions of 1 billion for 2015 and 3.2 billion for the two-year period until 2016. The bulk
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammebailout programme calling for pension cost savings of 1 percent of GDP (1.8 billion euros) in 2016... to legislate credible measures yielding 1 percent of GDP in total for 2017-18 to support the 2018 fiscal target... sub-tranches of 2 and 1 billion were disbursed on November 23 and December 22 after
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Time deposit rate almost flat in Jan, average loan rate falls 12 bps
EconomyMacroeconomyin January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece... 1 bp to a new low of 0.55 percent in January. Loans The most marked change in corporate lending was posted in loans for amounts above 1 million euros, where the rate fell by 33 bps, after rising by 19
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingstock falling by around 1 billion euros from its 2015 level of 26.88 billion. The bank also disclosed... Eurosystem funding shows 13.7 billion relate to EFSF and ESM bonds, 14.4 billion to loans, 1 billion... in November, the phased-in Common Equity Tier 1 (Tier1) ratio reached 17.8 percent in Q4 with the fully
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