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Net interest income and fees push Piraeus Bank profits to 617 mln in H1
EconomyBankingresult was an income of just 3 million euros, from 66 million euros profit last year. Total operating... ratio in Q1 was 12.8 percent, while the total capital ratio was at 18.6 percent, from 14.2 and 20.2
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How Greek banks could cut 2014 financing gap with a bond rollover
Economygovernment bonds (GGBs) that mature in 2014 with a total nominal value of circa 15 billion... the respective minimum supervisory requirements set by the Bank of Greece from time to time. More... and recognised in EBA core Tier I, Tier I and total adequacy capital, while being excluded from core Tier I
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Are politicians in Greece promoting reforms or social cannibalism?
Agoraearlier this year to fire 4,000 civil servants by the end of the year and a total of 15,000 by the end of next year. As it set about deciding who these employees would be, speculation swirled... 3,576 people who served in the municipal police. A total of 54 percent of the documents had been
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Does new troika visit spell fresh drama for Greece? Maybe not
Economyreview of Greece’s fiscal adjustment programme is set to resume next week. There had been some... euros were used for last year's debt buyback without increasing the total "financial envelope... year. At the same time, the IMF is scheduled to receive a total 9.1 billion euros in repayments
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Newfound variety helps Greek winemakers enjoy exports boost
Societyin the export of Greek goods, which had a total value of 27.6 billion euros in 2012, but there has been.... “The Greek wine industry, which has set up the New Wines of Greece website has done a very solid job... to the USA but these sales account for 13.2 percent of total revenues for Greek wine exports. Greek
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Tourism turnover index slows but signs remain positive
EconomyMacroeconomymillion in 2012, according to the Association of Greek Tourism Enterprises (SETE). The total... by 3.3 billion euros in 2014-2020 would translate into foreign arrivals of 22-24 million and total... enhancing maritime tourism. Tourism developments this year also set the tone for a more optimistic
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SYRIZA's bid to force elections by early 2015 will be a close-run thing
PoliticsGreek Politicsthe necessary support, the outgoing President set a date for elections to be held within 30 days. A closer... has 71 MPs, making a total of 101 lawmakers that would be likely to vote against the government’s... the total to 167. This would leave the government needing the support of at least 13 of the 15 non
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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomyof 12.76 billion recorded in 2012. Total deposits – including euro and non-euro area residents... official data. This corresponds to a total stock of 66 billion loans that are past due for more than 90.... Although the NPL formation shows a decelerating trend thereafter, the absolute figure is set
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Cooperatives on Cyprus: Why they were treated differently to banks
Agoraset up in the 1930s amidst the Great Depression and guaranteed long term (30yr) mortgages... to the tune of 1.5bn euros or 15 percent of the total Cyprus ESM/IMF loan. Although the co-operative..., the cooperative sector has 5.96 billion euros, which is 44.49 percent of the total lending
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Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010
EconomyMacroeconomyfunding in March, reduced its contribution to total Eurosystem funding to just 5 percent from 11-14... available bank data (end 2013) indicate that the ratio of Eurosystem funding to total assets ranged from 12 percent for Piraeus to 22 percent for Eurobank. The troika has set a target for this ratio
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