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Athens harbours big hopes for Egypt energy deal, keeps eye on Turkey's role
PoliticsForeign Policyfor Energy so it can be eligible for EU support funds. Egypt has completed interconnections with Libya... of Northern Cyprus. On the other hand, Cairo and Athens share a common line on the issue of Libya..., and the International Law of the Sea,” he said. The two ministers also discussed the issue of Libya
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FM gauges mood in Middle East, seeks to bolster ties with Egypt
PoliticsForeign Policymemorandum with Libya, which was signed in 2019 and sparked the deepening of the crisis in its... statement on the sidelines of his participation in the Libya Energy and Economy Summit, he pointed out... Unity in Libya last year a memorandum of understanding regarding oil and gas, and noted that he
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Newsletter 472 - 25/07/2025
scrutiny following a series of diplomatic setbacks. Relations with Libya have soured, culminating in two... stance on Libya, reflecting broader unease about the state of Greek diplomacy. Current government.... On Libya, Mitsotakis reiterated his rejection of the Turkey-Libya maritime deal, describing it as legally
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Athens seeks talks with Erdogan as Turkey steps up diplomatic activity in region
PoliticsForeign Policythe government of Eastern Libya to ratify the Turkey-Libya Memorandum of Understanding... the Eastern Libya authorities to ratify the memorandum Ankara agreed in 2019 with the government in Tripoli... (MIT) Ibrahim Kalin, the same reports claim. However, the political situation in Libya is currently
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Assessing the health of Greek banks' loan portfolios
EconomyBankingshow that the non-performing loan (NPL) ratio reached 33.8 percent at the end of 2014, revealing a material deceleration in the NPL formation during the course of 2014. In particular, the NPL ratio... classified as NPL last year, while housing NPL ratio was the lowest slightly below the 29-percent
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Multi-bill tabled in Parliament, paves way for sale of NPLs
EconomyProgrammethe draft bill stresses that a secondary NPL market will be created with positive consequences... that would acquire the NPL would do so at a price much lower than its nominal value. This means it could... for the bank that originally held the loan. According to the multi-bill, a loan is classified as NPL
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agoracorresponded to almost a quarter of gross loans from a fifth a year ago. The non-performing loan (NPL..., the NPL ratio increased by 2.4 percentage points (pp) to 36.4 percent. Despite the NPL rise, the sharper increase in provisions led to the NPL coverage ratio improving by more than 9 pp to 68.1 percent
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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankingthe NPE formation stood at at -73 and -60 million euros respectively. In contrast, NPL formation stayed... down by 41 percent from the Q1 figure of 154 million. The NPL stock was reduced by almost 200 million QoQ to 17.3 billion on write-offs with the NPL ratio slipping to 34.6 percent in Q2 from 34.8
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingstock to 13.1 billion in 2019. The bank notes that once the 2019 targets are achieved, NPL and NPE...-performing loan (NPL) formation dropped by 311 million, reversing the positive formation of 66 million...). NBG noted that the improved results in NPL formation reflected its strategy of accelerated
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingloans, with NPE formation of -3 million. A rise of 1 million had been noted in Q3. NPL formation also... formation of 31 million in Q3. The NPL stock stood at around 13.2 billion in Q4 with the NPL ratio slipping to 29.3 percent in Q4 versus 30.9 percent. The NPL coverage ratio declined to 67.2 percent in Q4
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