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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingPiraeus became on Wednesday the third Greek bank to report a net loss in Q4 of 2015 after declaring... expenses also reflecting one-off costs. Pre-provision income (PPI) fell 63.4 percent quarter on quarter... voluntary exit scheme, 35 million to resolution fund’s cost and 19 million to other one-off costs
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingseventeen quarters since Q3 2011. It is worth noting that stripping out a one-off gain of 57 million posted... and Greek government guarantees (pillar II bonds). As a result, the net interest margin (NIM) further...-off item of 57 million stemming from the negative goodwill of the Alpha Bank Bulgaria acquisition
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Justice can't be blind to facts in 2009 deficit case
Agorathat the country’s public finances were off track and defined the magnitude of the fiscal adjustment..., the respinning of the unsubstantiated doubts about the 2009 deficit epitomises Greek decision makers... 2009, the budget’s unrealistic projections were exposed. The budget deficit was already way off track
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PM looks for positives as Eurogroup and oil spill cause concern
PoliticsGreek Politicswas the sole bidder for the Greek company during last year’s tender. The transfer of a 100 percent stake... be raised as an example of “how not to do things.” Another matter that the Greek side... the handling of an oil spill in the Saronic Gulf, off the coast of Athens. A tanker sank on Sunday
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Opposition parties seek renewal as Tsipras visits Washington
PoliticsGreek Politicsnot have the spotlight just to himself. Hours after Tsipras set off for the US, where he met politicians, Greek-Americans and potential investors in Chicago first, New Democracy announced the creation... of the MoU and adopting policies targeted at helping the least well off. Centre-left Greece’s centre-left
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Deal seen on energy liberalisation as third review SLA edges closer
EconomyProgrammereview has been settled. The Greek government and the European Commission have been in negotiations... of 40 percent of the Public Power Corporation’s (PPC) lignite-powered units. In discussions with Greek... to officially call off their strike in the coming days, allowing the first e-auctions to begin on November 29
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingquality Pre-write off non-performing exposure (NPE) formation was negative by 300 million euros... from 45.4 percent in the previous quarter. Pre-write off non-performing loan (NPL) formation remained... will go towards financing Greek SMEs, while the cover pool itself comprises Greek residential
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Strike legislation, auctions present Athens with challenges in wake of SLA
EconomyProgrammeDespite reaching a staff-level agreement (SLA) with its lenders a few days ago, the Greek... off the transactions because of the high demands on police this week. Almost 3,000 police officers... and get bad assets off their balance sheets. Pension cuts Speaking at the Hellenic-American Chamber
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Athens and creditors place immediate focus on remaining key deliverables
EconomyProgrammemuch progress the Greek government has made in completing the 88 prior actions of the current review... of the key deliverables have been completed but Greek officials insists that many more are close... be ticked off the list. One of the prior actions that has trouble the government most
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Tsipras and Kammenos vow to stick together until further notice
PoliticsGreek Politicsover the Macedonia name issue. Kammenos’s threat last week to walk out on the coalition if Greek.... The meeting seemed aimed at killing off the speculation triggered by Kammenos’s comments and the sniping... four years, there have been several occasions on which SYRIZA and ANEL appeared to be veering off
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