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Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBankingin Q4, reflecting weaker lending NII almost offset by lower funding cost related to Eurosystem... to lower funding cost. The management noted that Q4 trends are expected to be maintained this year... by 22.2 percent for the whole year, mostly due to lower government guarantees expenses. Continued cost
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingeuros. Funding cost deescalation continued in Q3 2018, driven by reduced ELA reliance as well... in wholesale funding cost is expected in Q4 2018 as ELA approaches full elimination. On an aggregate... by 1.1 percent on an aggregate basis. The cost to income ratio came to 53.4 percent in the quarter
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Govt eyes own energy package if EU fails to approve joint action
PoliticsGreek PoliticsRecognising that the cost-of-living crisis is its Achilles’ heel at the moment, the Greek... mln euros per month, has been in place since last autumn. Recent opinion polls suggest that the cost-of-living is the biggest issue on voters’ minds and that most Greeks feel the measures taken
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Athens and lenders left with gap to bridge ahead of Eurogroup
PoliticsGreek Politicsat less than 9 per cent of GDP. Furthermore, the eurozone average relates solely to the cost... require annual transfers from the state budget of around 11 per cent of gross domestic product in Greece compared with the eurozone average of 2.25 per cent. This comparison is misleading. “Following
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingvalue of the loans and the securitisation price. The cost will be covered using around 900 million... per share. The combined group is targeting strong sustainable earnings per share and over 10 percent... the merger, the new entity will have an operating income of 1.9 billion euros (0.52 euros per share
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Structural considerations for a prosperous Greece
Agorawithout jumping the cost of credit. Negative yields for Greek sovereign debt in 2020 became... is a fundamental driver of the size of country economies. It is not a fundamental driver of income per... is. Luxembourg is a tiny economy with 450,000 people, but its per-capita income is the highest in the world
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Government defends economic recovery narrative as first poll after summer break lands
PoliticsGreek Politics, especially given the challenges posed by the cost-of-living crisis, and has pledged to oversee an increase... on to suggest that given tax evasion is still prevalent in Greece, making comparisons of per capita declared income with other countries is not instructive. He said that comparing per capita consumption
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Value of HFSF participation in Greek banks falls to 17 billion
EconomyBankingof 859 million was recorded due to the drop in the valuation of bank warrants. The highest negative
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Current account deficit widens to 404 mln in March
EconomyMacroeconomya sharp drop in the primary income surplus (by 859 million) followed by a narrowing of the services
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Talks on bailout review head for crucial weekend
EconomyProgramme. Meanwhile, the Labour Ministry announced on Thursday that an amount of 859 million from the 2017
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