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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBanking. The drop reflects a reduction in participations by 27.44 billion, mostly due to the sale of Finansbank... to a drop in performing loans by 3.2 percent, while net loans contracted at a slower pace of 1.6 percent. In absolute numbers, the NPE stock edged up by 0.4 percent to 108.4 billion euros. The more up
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Newsletter 103 - 20/01/2017
in VAT Tsipras is unlikely to bring up the prospect of snap elections unless he feels he has been put... that this would be a sign that Greece had failed to live up to its commitments. “I would not give... edged up 2.2 percent to 42.22 billion. Meanwhile, interest payments decreased by 14.8 percent
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Newsletter 119 - 19/05/2017
impacted SYRIZA’s ratings. is now in the lenders’ court” after his government lived up to its pledges... that a “tsunami” of investment is lined up to boost the Greek economy. Growth forecast revised downwards Finance... relates to the debt assumptions of the general government bodies, which are now seen at 193 million, up
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General govt primary cash surplus rises to 2.6 bln in 4-month, arrears fall below 5 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus edged up by 35 million euros from... by 589 million to 24.04 billion on the back of a drop in transfers and taxes by 1.59 billion and 573... of 5.24 billion makes up 21.7 of the total figure. Arrears Arrears to the private sector (including
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Back from the brink: What next for Greece's property market?
EconomyFeatures, driving up their prices at the cost of the humble local, turned into the hero onto which hopes... and the myth. The buildup Property prices had been gradually slowing in Greece up to 2008. The Bank... properties did not fare much better. Between H1 2010 and H1 2015, the cumulative drop in nominal retail
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Newsletter 209 -07/06/2019
on Friday that will cancel the reduction of the tax-free threshold for incomes that had been lined up... tries to correct his party’s errors from the European Parliament elections, which saw SYRIZA end up... responded by saying that they have also made it clear they do not intend to drop the threshold
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Covid-19 presents new, significant challenge in banks' effort to reduce NPLs
EconomyBankingthat as revenue collapses for companies and incomes drop for workers, up to 1/10 of the existing stock... targets submitted to the ECB’s supervisory authorities, the ratio is due to drop to 20 percent by the end of 2021. Hercules is due to take up to 36 billion euros of the stock off the balance sheets
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Newsletter 272 -06/11/2020
in Thessaloniki filling up in a matter of days. The head of the government’s pandemic advisory... people could end up in hospital over the next 10 days, while the 50 new ICU beds that were recently added in Athens could easily fill up in 3-4 days. Mitsotakis also announced the extension
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Newsletter 283 -05/02/2021
, a government-friendly daily, claimed that the ruling party is targeting a pool of up to 800,000..., ND’s working assumption is that up to 800,000 Greeks abroad may be eligible to vote in Greek... comprises 5 pct. Hercules was launched by the Greek government to assist banks in offloading up to 30
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Amidst Covid and inflation uncertainty, 2022 budget looks forward to solid growth
EconomyMacroeconomythe festive season, but which ended up lasting for months. The Greek economy this year is seen growing by 6.9 pct, led by private consumption up by 3.3 pct, government spending rising by 4.1 pct, investments up... doubling from this year to 21.9 pct, exports up by 11.1 pct and imports increasing by 8.9 pct
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