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NBG increases profits in H1 as it progresses with NPE clean up
EconomyBankingfunding terms under TLTRO III, coupled with the repricing of time deposits, led to an improvement of the bank’s blended funding cost to nearly zero in H1 (1 bps), compared with 19 bps in the second quarter
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The case of SYRIZA's fiscal performance
Agorabillion in prospective funding for this plan (the so-called NextGenerationEU). Thus, it is almost guaranteed that spending in the economy will increase because external funding transfers are available
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Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments
EconomyBankingin 9M 2020. Eurosystem funding stood at 13.5 billion euros, steady from the previous quarter... operations (TLTRO III) funding. Net loans came to 33.4 billion euros, with loans comprising 44 pct of assets
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NBG profits up to 714 mln in 9M as NPE ratio is reduced further
EconomyBanking10.5 billion in the end of 2020. The significantly lower funding terms under TLTRO III, coupled with the repricing of time deposits, led to an improvement of the bank’s blended funding cost to nearly
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Rising yields, market turbulence limit government's fiscal options
EconomyManagement Agency to execute very modest debt strategies, with gross funding needs that range from 8... funding could be used at times of market turbulence. The developments in the bond markets were
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
EconomyBankingto deposits ratio came to 63 percent, from 175 and 77 percent respectively in 2020. Eurosystem funding... to the complete utilisation of the ECB’s targeted long-term refinancing operations (TLTRO III) funding
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NBG reports profits of 833 mln in 2021
EconomyBanking. The significantly lower funding terms under TLTRO III, coupled with the repricing of time deposits, led to an improvement of the bank’s blended funding cost to -2 basis points, compared with 7 bps
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Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1
EconomyBanking. Eurosystem funding stood at 14.5 billion euros, which corresponds to the complete utilisation of the ECB’s targeted long-term refinancing operations (TLTRO III) funding. Net loans came to 35 billion
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NBG profits narrow to 208 mln in Q1
EconomyBanking, unchanged from last year. The significantly lower funding terms under TLTRO III, coupled with the repricing of time deposits, led to an improvement of the bank’s blended funding cost to -2 basis points
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Concerns about RRF growing as deadlines loom
PoliticsGreek PoliticsThere are growing concerns about whether the Greek government can keep up with the pace necessary to ensure the release of EU funding from the Recovery and Resilience Facility (RRF) for a wide range... funding via major public works projects, SMEs will also be able to tap the EU resources via a number
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