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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBanking. Eurobank was the only bank out of the four systemic lenders to post weaker profits in this half... million euros. Eurobank reported a YoY drop in PPI of 3.4 percent, bringing the total to 398.6..., taking the total to 594 million. Eurobank’s net fee and commission income rose by 13 percent YoY to 156
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Banks tout ambitious NPE plans to return to European mainstream
EconomyBankingwell received by markets, with the FTSE ATHEX banking index rising 13.2 percent since Eurobank got the ball rolling on the systemic banks reporting their full-year earnings for 2020. Eurobank itself... their NPE-reduction plans to their regulator, the Single Supervisory Mechanism. Under the plans, Eurobank
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Newsletter 298 - 28/05/2021
share capital raise as Eurobank sees modest profit increase Three of Greece’s system banks reported Q1 earnings this week, with just Eurobank able to report a net profit, as Alpha Bank and Piraeus Bank... quarter of 2020. Eurobank, which booked its “Cairo” securitization in 2020, posted a net profit
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HFSF sets out bank divestment strategy, marking final chapter in turbulent story
EconomyBankingpct in Eurobank and almost 63 pct in the smaller size Attica Bank. The Greek government sees HFSF’s... euros, of which 27.5 billion related to the four core banks: Alpha Bank, Eurobank, NBG and Piraeus.... Of that amount, 8.46 billion was injected into NBG, 6.85 billion in Piraeus, 5.73 billion in Eurobank
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First round of HFSF's divestment from systemic banks concludes with 28 bln realised losses
EconomyBankingin October, when Eurobank bought back a small 1.4 pct stake from HFSF, acquiring roughly 52 million shares... though that was a formality and the transaction closed with Eurobank paying just short of 94 million... in Eurobank and 3.96 billion in Alpha. As a result, the HFSF became the dominant shareholder
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Car registrations surge by 46.3 pct in June thanks to tourism, consumer confidence
EconomyMacroeconomyThe number of road motor vehicles (going into circulation for the first time) continued showing.... In addition, the number of road motor cars in June remained above the 10,000-mark for the second consecutive... of the first-time circulated road motor cars with its growth rate (52.3 percent in June) above the country
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Car sales continue to rise in July but at slower pace of 25.9 pct
EconomyMacroeconomyThe growth rate in the number of road motor vehicles going into circulation for the first time... over the past 18 months. In absolute figures, the number of road motor cars in July reached 10,744... to 63,026 motor cars. In the corresponding period last year, there was a drop of 2.5 percent
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Growth in car sales peaks in December with rise of 69.3 pct
EconomyMacroeconomyΤhe growth rate in the number of road motor vehicles going into circulation for the first time... readings over the past 24 months. The absolute figures showed the number of road motor cars rose... performance, the aggregate number for the whole year displayed road motor cars soared 30.2 percent
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Car sales in Greece up 26.8 pct in February
EconomyMacroeconomyΤhe growth rate in the number of road motor vehicles (going into circulation for the first time... (since September 2013) In absolute figures, the number of road motor cars reached 8,424 in February... data for the first two months of 2015 showed road motor cars climbed 18.7 percent to 18,713
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Car registration growth slows to 6.7 pct in September
EconomyThe number of road motor vehicles (going into circulation for the first time) continued heading... Statistical Authority (ELSTAT) figures displayed on Friday. The absolute numbers showed road motor... of total road motor cars. The number of road motor cars plunged by more than 30 percent per annum
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