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Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
EconomyBanking-quarter (Q3) results on the last day of November. The bank posted net profits of 41.1 million euros... turned positive, with net profits of 22 million from huge losses of 838.6 million.... During the conference call, the management said that out of the new entries worth 800 million in the net
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Eurobank stays profitable in Q1 with net earnings of 36.5 mln
EconomyBankingEurobank inaugurated the first-quarter (Q1) reporting period of Greek banks by announcing net... in collateral liquidation, compared to the initial plan. P&L Net interest income (NII) decreased by 1.9... lending and network fees. Going forward, the management expects single-digit growth in the bank’s core
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingNational Bank of Greece (NBG) reported net losses of 13 million euros in the second quarter (Q2... attributed to write-offs of around 300 million and a marginally negative net NPE formation (-14 million... far a buffer of around 700 million versus the Single Supervisory Mechanism (SSM) NPE reduction target
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Eurobank posts Q1 net profit of 70 mln
EconomyBankingEurobank posted a net income of 70 million euros in the first quarter (Q1), an increase of 13... on track to reduce the NPE ratio to single digits by the end of this year. NPE formation in Q1 was 72... percent. P&L Net interest income fell by 1.4 percent YoY and stood at 335 million euros. Compared with Q4
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Are hirings in the public sector out of control?
EconomyFeatures2017 smaller by about 200,000 jobs compared to the end of 2009. This represents a net reduction... for the fact that the headcount has been falling on a net basis every year between 2010 and 2016. Overall... of 54,150 at the end of 2012, a net increase of 21,660 or 40 percent (in fact the numbers are often
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgramme, enhancement of bank liquidity and management of non-performing loans. 4) Change in the single...) Restructuring of Athens Public Transport Organisation (OASA). The schedule is for the agreement
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingEurobank posted an improvement in net profits to 85.4 million in the third quarter (Q3) of 2016... by 4.3 percent quarter on quarter (QoQ) to 218 million euros, reflecting a slight rise in net interest... ago to the ECB’s Single Supervisory Mechanism (SSM), which include a reduction in the (parent) NPE
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C/A deficit to April narrows by 34.7 pct boosted by services
EconomyMacroeconomy. The year to date net flow widened accordingly to 5.6 billion from 310 million at the end of the first... negative impact on trade deficit evolution was the higher net payments for ships’ purchases. If the latter... contributor to 4-month trade deficit was higher net payments for ships’ purchases offsetting a decline
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBanking. National Bank of Greece (NBG) had the strongest profitability, net profits from continued operations came to 253 million euros compared to 48 million euros for H1 2018. Alpha Bank showed net profits... net results of 32 million euros in the period compared to a loss of 58 million euros for H1 last year
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NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
EconomyBankingThe National Bank of Greece (NBG) posted net profits of 5 million euros in the first quarter (Q1.... The bank said that it has so far created a buffer of around 700 million euros versus the Single... billion. They added that the cure rate of restructured NPEs is over 50 percent. P&L Net interest
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