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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... (NPL) and NPE stock by almost 40 and 50 percent, respectively. Net interest income (NII) edged up by 1
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingrespectively. Unlike NPEs, the domestic NPL formation increased to 188 million in Q3, from just 2 million in Q2... of around 40 and 50 percent respectively, with the NPL and NPE ratios projected to decrease by 15... to 50 percent in 2019 from its current level of 56 percent. The management also provided more colour
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Banks focus on defining challenge of reducing NPEs
EconomyBankingcomes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros, as of June 30... is proceeding with the sale of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new and 50 percent rolled-over existing loans, scheduled for the three-year period between 2018-2020
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Report exposes fractured and incomplete response to refugees
Societyof interest due to low salaries and a high drop-out rate which led to gaps in coverage. Around 50 million euros was allocated for a revised PHILOS 2 project, along with a 400-euro stipend for staff allocated to islands. The 50 million euros came from the Greek government's budget “ thus evading
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Newsletter 279 - 05/03/2021
is focussing on the liability side of its balance sheet, with a 500 million-euro issue of subordinated Tier 2... points. The Tier 2 bond issue will bolster the bank’s capital adequacy by about 125 basis points... of 5.5 percent. 2 PMI dips to 49.4 points in February Cost burdens pile up Greece’s manufacturing PMI
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Words will always hurt
Agorathis period. That’s why it was so appalling to hear Greece’s prime minister engage in this type... close to the kind of language of incitement used by Golden Dawn, which claims there are 2 million
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After Merkel, Samaras faces immediate challenges on domestic front
PoliticsGreek Politicsbillion euros next year and not 2 billion or more as the troika had requested. The 2014 budget.... This, however, presents a different type of challenge. While an agreement may soon be reached on the fiscal
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What is SYRIZA planning to do with Greek banks?
Economyof any type of unpaid obligations to banks. The cost of capital for this entity is estimated by SYRIZA at 2 billion euros. Capital buffer SYRIZA claims that a part of the HFSF capital buffer of 11.4
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Funding needs take centre stage in row between New Democracy and SYRIZA
Economybailout tranche of 1.8 billion by the EFSF, 3.5 billion by the IMF and around 2 billion from SMP... this type of funding to Greek banks if Greece is not in an EU (bailout) program. In such a case
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Greece prepares set of proposals for bridging deal with eurozone
PoliticsGreek Politicsbe part of the negotiations also including the type or combination of debt swaps. The fourth and final... (estimated cost at 756 million). 2) Restoration of the 13th pension (Christmas bonus) - equal to one
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