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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingbillion. Interbank repo balances stood at 1.5 billion in December 2017 compared to 6 billion at the end..., EFSF/ESM bonds were down to zero by the end of January 2018. Gross loans further contracted by 1... percent in 2017 to 40.9 billion. Total deposits rose by 1 percent annually to 42.72 billion. IFRS 9
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBanking. Compared to the same quarter last year, PPI rose by 6 percent. Asset quality Domestic non-performing... (-29 million euros) and consumer loans (-1 million). This led the group NPL ratio to stand at 28.2... million in Q4 and 12 million euros in Q1 2018. Operating expenses fell by 6 percent QoQ to stand
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Newsletter 249 -08/05/2020
every 1 to 2 weeks. As things stand, Greeks are not able to leave their regions but the government aims... to and from the Greek islands. This is due to happen on June 1. Speaking on CNN on Monday, Prime Minister... that the government hopes the conditions would be right for Greek tourism to begin to open up from July 1. Mitsotakis
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NBG increases profits in H1 as it progresses with NPE clean up
EconomyBankingin default and early default clients, more than 30 days past due, stand at just 1 pct. The bank intends to have just 1.8 billion euros of NPEs and a ratio of 6 pct by the end of the 2022 fiscal year. P&L Net interest income (ΝΙΙ) rose 7 percent YoY to 591 million, also rising by 1 pct QoQ. Net fee
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Newsletter 359 - 18/11/2022
’s voting intentions, support for New Democracy has dropped by more than 1 percentage point since... that a consensus has been formed that the Greek economy will grow by 6 pct this year, on the back of a bumper..., it will grow by just 1 pct, mostly due to tighter monetary conditions, and ongoing loss of disposable
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From pipe dreams to power cables: the changing map of Greece's energy ambitions
Agorathe original version of the document which was adopted as recently as 2019[1]. Like most facets... in 2022, compared to 1 billion euros at pre-war prices. At EU level, the REPowerEU programme introduced... not become commercially operational until late 2025 rather than the original target of early 2024[6
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Watchdog's ruling in voter email leak prompts opposition calls for minister to resign
PoliticsGreek Politicson the Interior Ministry in connection to the leaked emails. They were found to have breached data... the time of the national elections. Someone from the Interior Ministry, who has not been identified... for the European Parliament elections next month. Interior Minister Niki Kerameus has stressed
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A snapshot of Greek banks' ABS as ECB readies for next move
Economyof close to 17 billion euros, with NBG at 7.2 billion, Piraeus at around 6 billion, Alpha at 3.8 billion, while Eurobank’s figure stands below 1 billion. In addition, they hold covered bonds (mainly... by Alpha and Eurobank at 3.6-3.7 billion, while Piraeus figure stands slightly above 1 billion
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Greece and lenders fail to bridge their differences in Brussels
PoliticsGreek Politicsa change in the VAT rates (6, 11 and 23 percent) with estimated additional revenues of around 1 billion... (roughly 1 percent of GDP) to pensions and another 1.8 billion euros per year to be raised from increases... of the institutions’ demand for incremental revenues of 1.8 billion (1 percent of GDP) from VAT changes
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The key numbers behind the latest Greek proposals
EconomyProgrammewill target net revenue gains of 1 percent of GDP on an annual basis, which is similar to institutions’ proposal. Since the changes are effective as of July 1, the additional revenues correspond to 900 million... permanent savings of 0.25 – 0.5 percent of GDP in 2015 and 1 percent in 2016, in line with the institutions
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