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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
Agorawill be announced at a later stage, the bank said. In addition, Alpha will also conduct a reverse split (1:15) since... timetable, new Eurobank shares will begin trading on December 1. In addition, a temporary suspension... split (1:100). The sharp drop in HFSF participation in both banks was expected since the amount
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomysessions. The discussion in the plenary is scheduled to start on December 1 and the budget is due... in 2016. This signals a revenue growth of 1 percent in 2016. Direct taxes are seen down 7.3 percent.... In absolute terms, this corresponds to incremental revenues of 1 billion in 2015 and 3.2 billion
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Newsletter 54 - 04/12/2015
. At the same time, tax arrears have increased by around 1 billion per month, to reach a total of 10.38... by 1 percent on the 2015 figure of 48.62 billion. The Finance Ministry has incorporated revenue interventions of 1 billion for 2015 and 3.2 billion for the two-year period until 2016. The bulk
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Coalition poised to unveil pension reform proposals, hoping to avoid cuts
EconomyProgrammethose paying social security contributions as well as pensioners, include: 1) Consolidation of all... system. The third memorandum of understanding (MoU) calls for pension cost savings of 1 percent... per month. The government’s plan includes a 1 percent increase in the current social security
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Newsletter 58 - 15/01/2016
for a rise in the SSC for supplementary pensions by 1.5 percentage points (pp), of which 1 pp will come... euros required to achieve the agreed pension cost savings of 1 percent of GDP (1.8 billion) in 2016...–20,000 euros. On the fiscal front, there are estimates that the fiscal gap could reach 0.5–1 percent
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammebailout programme calling for pension cost savings of 1 percent of GDP (1.8 billion euros) in 2016... to legislate credible measures yielding 1 percent of GDP in total for 2017-18 to support the 2018 fiscal target... sub-tranches of 2 and 1 billion were disbursed on November 23 and December 22 after
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Time deposit rate almost stable in December, average loan rate rises 17 bps
EconomyMacroeconomyGreek households’ new time deposit rate rose by 1 basis point to 1.02 percent in December, Bank... in corporate lending were recorded in loans for amounts above 1 million euros, where rate rose by 19 bps to 5.19 percent and in for amounts between 250,000 and 1 million euros, where rate fell 13 bps
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Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
Economy: a) the disbursement of the two bailout sub-tranches of 2 billion euros on November 24 and 1 billion... short-term (up to 1 year) and medium-term (1 to 5 years) debt. Greece’s cash deposits advanced
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingstock falling by around 1 billion euros from its 2015 level of 26.88 billion. The bank also disclosed... Eurosystem funding shows 13.7 billion relate to EFSF and ESM bonds, 14.4 billion to loans, 1 billion... in November, the phased-in Common Equity Tier 1 (Tier1) ratio reached 17.8 percent in Q4 with the fully
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingreflects: 1) Negative impact of 1.16 billion euros from Finansbank (mostly additional impairment of 612.... Net interest income (NII) edged up 1 percent QoQ to 474 million euros, largely due to lower..., the Common Equity Tier 1 (CET1) ratio reached 17.5 percent in Q4. The fully-loaded Basel III CET1 ratio
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