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Newsletter 4 - 21/11/2014
rather than negative impact on revenue collection. Its interpretation is that the huge stock of 70... percent incorporated in the medium-term fiscal strategy (MTFS) and the 2 percent in the draft budget... an increase in both the manufacturing as well as the mining and quarrying sectors by 1.8 and 2 percent
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Gov't submits multi-bill to pave way for next bailout tranches
EconomyProgrammeincome which is 70 percent higher than those in the first tier. In absolute terms this corresponds... the tenure of the first General Secretary for Public Revenues (after the voting of the bill) at 2 years... to convene on Friday to approve the disbursement of the next sub-tranche of 2 billion as well
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Newsletter 97 - 25/11/2016
and 2018. In specific, the primary surplus is estimated to reach 1.09 percent of GDP this year and 2... this year and 2 percent next year. limited and will thus constrain credit expansion and banks’ revenue.... 2 A rude awakening Once ardent Europhiles, polls suggest Greeks have fallen out of love with the EU
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingwith a combined value of around 2 billion euros. These are composed of unsecured non-performing... with the auction of around 350 properties, which is 70 percent more than across the full year of 2016. P&L NII... in administrative and employee costs by 7 percent and 2 percent, respectively - branches have been reduced by 8
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBanking, the figure declined by 0.9 percent for the group and by 2 percent for Greece. As a result, the cost... percent to 750 million, with a cost of risk of 2 percent versus 1.96 percent in 2016. As management noted...). The coverage for stage 2 loans increased by 620 bps to 10.7 percent in Q4, while that for stage 3 loans (NPE
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Newsletter 197 -8/03/2019
, as well as the demand for a primary surplus of around 2 percent for the medium-term. He argued... oversubscription as offers reached 11.8 billion euros. Greek authorities had initially been looking to raise 2...’. Following the latest issuance, Greece will have secured more than 70 percent of its annual issuance target
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBanking2017. Net interest income (NII) rose by 2 percent quarter-on-quarter (QoQ) and came to 355 million... and leasing exposures). P&L As mentioned, NII rose by 2 percent in Q4 to 355 million euros and declined..., while on a quarterly basis NIM was stable at 243 bps. Net fee and commission income was up 2 percent
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingeuros, representing a rise of 2 percent year-on-year (YoY). Asset quality NPEs fell by around 500... down slightly by 70 million euros in Q1 to 17.33 billion euros from 17.40 billion euros in Q4 2018... and 2 percent YoY. Management noted that 2 billion euros in new loans that were disbursed in the final
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Newsletter 222 -04/10/2019
ranges from around 70 to 98 percent, according to press reports. New Democracy and SYRIZA also clashed... Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover... to face losing 69 percent of their turnover in 2020, while those with 2 stars faced a loss of 58 percent
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Newsletter 224 -18/10/2019
to the previous estimates that were released in April. The IMF sees the Greek economy growing by 2 percent... falling from 2.6 to 2.3 percent of GDP between 2020 and 2023 and settling at 2 percent in 2024... of the scheme, since the majority of debtors (over 70 percent) owed sums under 500 euros
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