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Deal for Hellenikon sealed; gov't sees improved terms, economic boost ahead
Economyfor the acquisition of 100 percent of Hellenikon SA as well as for the acquisition of 30 percent of the land and the right for development and management of 100 percent of the land for 99 years. The MoU... euros, 2 billion higher than the 6 billion envisaged in the initial agreement. In addition, 80 percent
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Greek stocks fall 1.5 pct, banks underperform for third straight week
Economyannounced on Monday it completed the sale of 100 percent stake in ATE Insurance to ERGO International... it acquired a stake in Brazil’s Cimento Apodi for a cash consideration of around 100 million dollars... net profits by 33.6 percent to 19.4 million with revenues up by 2 percent to 262.6 million, while
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agoraformation of just 2 million euros in Q2. Overall, the four banks recorded a negative NPL formation... also fell by 100 million in the course of Q2. On the flipside the NPE stock of Alpha and Eurobank rose by less than 100 and 300 million euros respectively in Q2. Overall, the NPE ratio remained stable
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The key elements of the draft agreement between Greece and lenders
EconomyProgramme) Rationalisation of welfare benefits based on the recommendation of the social welfare review 2) Abolition... a period of 30 days is set to at least 10 in companies employing more than 20 and less than 100 workers, at least 10 percent of the workforce for firms employing between 100 and 300 employees and at least
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Newsletter 130 - 04/08/2017
recorded a deficit of 100 million compared to a surplus of 55 million last year The primary surplus... for the payment of overdue SSCs in up to 100 installments. The collection of contributions remained above... billion to 38.9 billion until September 7. 2 Retail sales grow by 0.4 pct in May Seasonally adjusted
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BoG sees ample capital space for banks to sell bad loans
EconomyBankingagainst what proportion of the stock in scope is sold, ranging from 25 percent to full sale, 100 percent..., in scenarios 2 and 3, Greek lenders can sell more than 75 percent of portfolios in scope, i.e. 27.1... that the total coverage ratios of provisions and collaterals exceed 100 percent and that almost 79 percent
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Greek banks' NPL selloff gathers speed
EconomyBankingto provide viable domestic financing, something that the enormous NPL pile of over 100 billion euros... balance comes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros... million in Q2, and landed at 26.8 billion, beating the target for the month by around 100 million euros
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBanking, and will lead to the bank’s NPE ratio falling by more than 100 basis points. Upon completion... position in Greek non-performing credit, a market with circa 100 billion euros of NPEs”, said Alon... or into early 2019, a collateralised portfolio of NPLs from small and medium sized businesses worth 2
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Sales of HELPE, DESFA and shipyard progress while protests hamper ROSCO, PPC
EconomyProgrammeand railroads Positive news also emerged regarding the Elefsina shipyard, the shares of which are currently 100... to obstruct the privatisation of a 100 percent stake in rolling stock firm EESSTY SA (ROSCO) by Italian... is targeting just over 2 billion euros in revenues from privatisations this year. The latest preliminary
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingof non-performing loans (NPLs) came to 16.5 billion euros in Q2, increasing by 100 million QoQ... into costlier management actions, according to the bank. Balance Sheet Eurosystem funding fell by 2 billion... reliance at 3.1 billion euros. As at the end of August, ECB funding reliance was down by around 100 million
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