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Minor fluctuations in deposit and loan interest rates in December
EconomyMacroeconomyGreek households’ new time deposit rate edged down by 1 basis point (bp) to 0.70 percent... households and corporates led the weighted average rate on all new deposits down by 3 bps to 0.32 percent... and 1 million euros increased by 22 bps to 5.06 percent, while that for lower amounts dropped by 14
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Deposit interest rates broadly stable in March, average loan rate down slightly
EconomyMacroeconomyGreek households’ new time deposit rate edged down 1 basis point (bp) to 0.66 percent in March... for amounts above 1 million euros rose by 15 bps to 4.04 percent, while for amounts between 250,000 and 1 million euros it edged up 3 bps to 4.82 percent. Following the movement in March, the corporate loan
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Newsletter 141
percent to 2.47 billion for the month, while travel payments fell by 3 percent to 173.5 million.... This was driven by travel receipts rising by 15.5 percent to 2.47 billion, while travel payments declined by 3... and quarrying by 10.6 percent, along with a fall of 1 percent in manufacturing. Industrial turnover
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Newsletter 152 -23/02/2018
to the state from May 1, the divestment of lignite units followed by the sale of 17 percent... Mechanism head Klaus Regling. The 5.7-billion-euro tranche will later be followed up by another 1 billion... clearance in 2017. The aim is to reduce state arrears, which stood at just over 3 billion euros in January
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingbillion to be reduced in 2019 in order to meet its targets. P&L Net interest income (ΝΙΙ) fell by 3... is anticipated on the Common Equity Tier 1 (CET1) ratio on a fully loaded basis. Over the three year stress.... Capital The Common Equity Tier 1 (CET1) ratio stood at 17 percent in Q4, while the fully-loaded Basel III
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingmillion euros bringing the stock to 32.9 billion in Q4 2017. Across the year, NPEs were reduced by 3..., 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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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingadoption of the IFRS9 accounting policy for exposures in Stage 3 (1 billion euros). Net fee... quarters in which NPE formation has declined. The bank reported that YoY, NPEs have been reduced by 3... Assistance (ELA) funding dropped to 2.1 billion in March, falling by another 1 billion euros in mid May
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Lenders set to keep coalition waiting for answer on pension cuts
PoliticsGreek PoliticsThe Greek government is likely to have to wait until the December 3 Eurogroup until it finds out... the draft budget, which the Greek government is due to table in Parliament on October 1 and then send... technocrats are reportedly due to meet on November 22 to prepare for the December 3 Eurogroup
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingcoming to 10.6 billion. P&L Net interest income (ΝΙΙ) fell by 1 percent QoQ to 274 million. In 9M, NII... (73 percent in Q2) and 72 percent at the group level. Fee income rose by 1 percent QoQ to 49 million... expenses rose by 3 percent QoQ to stand at 226 million euros. On an aggregate basis, expenses also showed
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General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
EconomyMacroeconomybillion, rising by 3 million, while non-gg entities fell by 1 million. Bank-related guarantees fell... (+1 million). At 30.5 percent, arrears of SSFs made up the majority of arrears during the month... underlying categories. T-Bills edged down by 3 million to 15.28 billion (4.3 percent of the total). Bonds
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