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Greek building activity drop decelerates to 16 pct in March
EconomyMacroeconomyto the Bank of Greece (BoG). Housing credit contraction is mainly due to heightened non-performing loans... lending activity. Shrinking building activity and lack of credit demand are among the key reasons
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Eurostat 2012 figures raise questions about Greece's tax policy
Economyof undeclared income would yield more meaningful results. In its latest weekly credit outlook released today, Moody’s notes that Greece exceeded fiscal targets in the 5-month period, which is a credit positive
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Settling rising private debt? The IMF has some ideas
Economywith the need to preserve bank solvency and credit discipline as well as to minimise moral hazard... undermine credit discipline and contribute to irresponsible lending behaviour, a clear communication
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Moody's upgrades Greek rating by two notches to Caa1 - here's why
Economy, Greece’s credit rating by Moody’s is still one notch below that of S&P (B- with stable outlook set... with the official creditors will be challenging. The key credit challenges incorporated in the current rating
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How Greek banks' capital needs could be reduced by 2.3 bln
EconomyTax Asset (DTA) into tax credit. According to the proposed amendment, Greek banks will have a capital... for Greek banks in the ECB stress tests. However, the new draft bill converting DTA to tax credit would
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How many NPLs in the Greek banking sector are also non-recoverable loans ?
Agoraits uninterrupted three-year declining trend curve, reaching -3.7 percent in July 2014. Credit... repayments in the near future. Nor do they have the credit score necessary to refinance or restructure
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Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln
EconomyGreek media reported on Tuesday that the Ministry of Finance (MoF) will soon table in Parliament a draft bill which will allow the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit... Equity Tier 1 (CET1) capital. The new legislation related to the conversion of DTA to tax credit, which
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Greece steps up efforts for early bailout exit but lenders play it coy
PoliticsGreek Politicsaccepts it would need some kind of precautionary credit line to execute the return. Samaras referred... the programme with just a precautionary credit line at the end of this year. “There is still a lot
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankinggross loans. The non-performing loan (NPL) ratio remained flat QoQ at 33.6 percent with consumer credit... positive impact from the upcoming conversion of DTA to tax credit. Commenting on recent press reports
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Developments in Greece produce volatile market reaction
EconomyThe Greek stock market plunged 5.38 percent on Friday in the aftermath of the Eurogroup’s indication that it would support a precautionary credit line for Greece in the form of an Enhanced Conditions Credit Line (ECCL). As a result, the Athens Stocks Exchange (ASE) general index lost in just one
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