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Alpha Bank profits of 92.7 mln in Q3 raise 9M income to 335.4 mln
EconomyBankingworth 2.2 billion euros - the NPE ratio was down to 8 percent in 9M, from 8.2 percent in the same... was 339 million euros in Q3, up by 12 percent QoQ. The net interest margin was 1.6 percent in 9M. Net... The Common Equity Tier 1 (CET1) ratio in 9M stood at 13.5 percent. The capital base was enhanced
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Athens harbours big hopes for Egypt energy deal, keeps eye on Turkey's role
PoliticsForeign Policyinterconnector” could be operational in 7 to 8 years. Cooperation in energy is seen by both Athens... the Greece-Egypt-Cyprus and Greece-Egypt-Cyprus-France cooperation schemes, the "3+1",” Dendias... the extension of territorial waters from 6 to 12 miles. All these issues are issues of disputes that have
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On monetary policy and inflation targeting
Agora, as shown in the twin Figure 1, below. The dashed line in each panel shows the objective of monetary... for Monetary Policy.” Brookings, October 12, 2017. Minford, Patrick and Michael Hatcher: “Inflation... over inflation rate targeting. [5] The ECBs new monetary policy regime (8 July 2021, available
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Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI
EconomyMacroeconomythe incorporation of the latest rise in the minimum wage to 780 euros per month, effective April 1. The data... million, an increase of 5 pct compared to May last year, when employment had grown by 8 pct. Since May... over the period. Also, despite the rise by 12 pct in the average wage since May 2021, over the last
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Wage rises become top issue but trajectory lined with obstacles
EconomyMacroeconomyfrom April 1. The data captures the improved conditions in the Greek labour market: Since May 2019..., an increase of 5 pct compared to May last year, when employment had grown by 8 pct. Gross earnings in May... CPI stood at 7.8 pct, leading to negative real wage growth. Also, despite the rise by 12 pct
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Alpha Bank NII jumps by 46 pct YoY in 9M, reaching 1.34 bln
EconomyBankingin terms of the balance sheet clean-up, the NPE ratio reached 7.2 percent, from 8 percent in 9M 2022... at 711 million euros, from 712 million a year ago. Loan loss impairments rose by 12 percent to 222... Equity Tier 1 (CET1) ratio in 9M stood at 13.9 percent, from 11.8 percent in 9M 2022. The bank’s Total
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Opinion polls show drop in support for ND, continuing concern about inflation
PoliticsGreek Politicsin September, 12 pct of Greeks had a positive view of SYRIZA. This figure has now fallen to just 8 pct... dropped by 1 point since the last poll. The cost of living remains a sore point for the government
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Newsletter 409 - 26/01/2024
the vote on February 12 or 13. It is widely expected to pass given that the main opposition parties... third with 10 pct, ahead of KKE with 8 pct, Greek Solution with 5.8 pct, Niki with 2.8 pct... in 2023 that beat the initial budget estimate at the end of 2022 by 1 billion euros. The IMF does
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Ionian expansion raises questions about Aegean as Athens talks with Tirana
PoliticsForeign Policyfrom six nautical miles to 12, as announced by Prime Minister Kyriakos Mitsotakis in Parliament... from 6 nautical miles to 12 in areas south of the island of Crete, demarcated in the country’s... to 12 nautical miles from the point of a complex of islands north of Corfu called “Diapontia” until
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Parliament will not probe 2015 bailout negotiations but issue unlikely to disappear
PoliticsGreek Politics. In recent comments clarifying his description of the preparation of so-called Plan X in his book, Galbraith... was involved in a strategy that sought to push Greece towards a euro exit, said that Plan X
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