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New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
EconomyMacroeconomy. The transaction had strong investor interest from the start and before midday local time 10 billion euros of offers had accumulated, which pushed the price guidance lower by 5 bps to midswaps + 125 bps. By 14:00..., followed by Greece with 33 pct for the bond exchange and 5 pct for the new issue. Iberia
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National Bank posts 9-month profits of 1.18 bln
EconomyBankingmillion in Q3, up by 10 percent on the Q2 figure of 83 million. Bottom-line results for the quarter... grew 5 percent QoQ to 797 million mainly stemming from an expansion of the net interest margin (NIM... in the cost to income ratio by 5 percentage points (pp) YoY to 55 percent. The rate of increase in the non
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingquarter at 10 billion, while excluding EFSF bonds, the net Eurosystem utilisation reached at 5 percent... of the targeted cost synergies and 100 percent of funding synergies related to the acquisition of 5 banks.... As a result, loan to deposit (LTD) ratio improved by more than 5 percentage points QoQ to 102.3
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SYRIZA's poll lead consistent but parliamentary majority elusive
PoliticsGreek PoliticsSYRIZA 28.1 ND 25.5 Potami 6.5 G Dawn 5.4 PASOK 5.2 KKE 5 Papandreou 2.8 Ind Grks 2.6 Other 4.1 Undecid... for Avgi SYRIZA 38 ND 30 Potami 7 PASOK 5.5 Golden Dawn 5.5 KKE 5 Independent Greeks 3 Others 6... this figure at the moment as most polls indicate that around 1 in 10 voters has yet to make his
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Why Greece’s ‘also ran’ parties are crucial
Agoraby these small parties totals 5 percent, for example, the winning party would need 38.4 percent to take 151 seats. If the total support for parties not entering Parliament reaches 10 percent, the threshold... and Golden Dawn), recent opinion polls suggest that the “also rans” could take anything from 5 to 8
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Newsletter 15 - 13/02/2015
. to another 10 billion euros in T-bills. Clearly, this leaves a number of vital details to be discussed... the Emergency Liquidity Assistance (ELA) capacity to Greek banks by an additional 5 billion, up from the 60... billion), government bonds (5 billion) and T-Bills (3.5 billion) for ELA funding. On top
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Newsletter 28 - 29/05/2015
secured by Sunday, or June 5, when Greece has to pay the IMF 300 million euros, is very slim. common... of this being secured by Sunday, or June 5, when Greece has to pay the IMF 300 million euros, is very... consultation until June 5, regarding the voluntary disclosure by taxpayers of undeclared capital
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The key points from lenders' proposals to Greece
EconomyProgrammeby the Tagesspiegel newspaper in Germany, which we presented earlier today, tovima.gr published the two documents (5... pensioners by December 2016. 5) Provision to people retiring after June 30 the basic guaranteed..., the government will transfer the state’s stake (10 percent) in OTE to the HRADF and take irreversible steps
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Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
Economyincorporated in the 2016 draft budget tabled on October 5. In particular, the 2015 primary surplus target... 2.02 billion, almost 10 percent short of target. As a result, net revenues fell at slightly rate...) Allowances to families with many children (at 35.5 percent of the annual target of 650 million) 5) Grant
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankinghigh administrative expenses. For the whole year, recurring costs fell by 5 percent to 1.25 billion... in fee income by 10 percent QoQ to 79 million. However, due a drop in other income, operating..., the full year figure fell 5 percent to 3.49 billion. Overall, cumulative loan loss reserves reached
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