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General gov't primary surplus halves in Q1, arrears and guarantees jump
EconomyMacroeconomyreversing the 50 percent drop recorded in the 2-month period. In contrast, two gg entities displayed... and reached 2.01 billion in March making up 45 of total arrears. Hospital arrears are following suit... of 1.26 billion. However, the year to date movement shows a drop by 3.5 percent or 11.43 billion
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Stock market slips 1.4 pct dragged by huge bank losses
Economyshares, which continued unabated for the fifth successive week. The sharp drop was amplified... December 2 and the new shares will trade again as of December 3. NBG will run a Greek public offer for up... on Monday its quarterly results with net profit at 21.8 million, up 8.9 percent led by a rise
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Newsletter 80 - 01/07/2016
, up by 51.5 percent from last year and outperforming the target by 3.1 billion. The notable over.... Meanwhile, credit contraction remains unabated, with the drop rate accelerating slightly to 2 percent... by 3.9 percent in April, after a 4 percent drop in March. The index has been on the slide for 11
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Newsletter 81 - 08/07/2016
). The recorded drop reflects a rise in the number of employed by 25,600 from the previous month and a drop in the number of jobless by 21,000. The primary cash surplus markedly widened to 2.5 billion... up by 1.9 percent to 30.1 billion. Meanwhile, other Finance Ministry figures showed arrears
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agora, aiming for a 40-50 percent and 35-40 percent drop in the NPL and NPE stock respectively by the end... income (NII) of the four banks edged up by 0.8 percent QoQ, while the H1 figure rose by 1.8 percent... funding recorded a lower drop of 3.86 billion to 31.39 billion. As a result, the Eurosystem funding mix
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Industrial production down 0.3 pct in Aug for first fall since Mar
EconomyMacroeconomyadjusted IPI in August edged up 0.4 percent from the previous month after a drop of 1 percent posted.... The August headline figure indicates the first negative reading since March. The modest drop largely reflects a decline in electricity production by 4.6 percent that makes up almost 21 percent of the total
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Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
EconomyBankingstraight month at -66 million in Q3 from -18 million in Q2. As a result, the NPL ratio edged up... stock by 36 percent from 27.3 billion in Q1 to 17.5 billion at the end of 2019. The respective drop... stable as the anticipated ongoing drop in funding cost would be counterbalanced by further decrease
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Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
EconomyMacroeconomyoffset a notable drop by 76 bps in the previous month. A smaller rise of 23 bps to 5.87 percent... maturity (mostly credit cards) edged up 5 bps to 14.47 percent. The housing loan rate was reduced... loans up by 28 bps to 5.01 percent in October, its highest level since July and counterbalance
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Stocks climb 4.8 pct on increased optimism about deal with institutions
EconomyThe Greek stock market rebounded strongly this week, shooting up by 4.8 percent for the first rise... on Monday but picked up above the 50-million-euro mark in each of the four following sessions. Overall... in the previous week. Corporate news Hellenic Exchanges posted a sharp drop of 84 percent in 2016
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Since 2010, declared income has plummeted but tax due has risen
EconomyFeatures. Moreover, almost half paid annual tax of up to 90 euros, while their taxable income made up one..., while their taxable income made up 44 percent of the total figure. This category includes taxpayers... the drop in their declared income reached 39.5 percent (to 2.61 billion euros), meaning a decrease
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