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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
EconomyBankingto deposits ratio came to 63 percent, from 175 and 77 percent respectively in 2020. Eurosystem funding
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Credit growth accelerates to 3.2 pct in May, led by loans to businesses
EconomyMacroeconomyat 59.57 billion euros. Credit to insurance corporations showed a net monthly outflow of 175 million
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NBG's NII rises by 73 pct to 1.64 bln in 9M
EconomyBanking. Loan impairments in 9M stood at 175 million, from 216 million in 9M 2022. Core income stood at 1.91
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NBG net profit at 983 mln in 9M, NII up by 9 pct at 1.78 bln
EconomyBankingin 9M stood at 159 million, from 175 million in 2023. Core Pre-Provision Income (PPI) stood at 1.46
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Government pledges more reforms, but economy set to prove deciding factor in 2025
PoliticsGreek Politicsis to further increase the total incomes that are declared by Greeks to more than 175 billion euros
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Strong tourism season confirmed by Q2 accommodation turnover
EconomyMacroeconomyThe Turnover Index in Accommodation and Food Services rose by 6.7 percent in the second quarter (Q2) after a 44.9 percent increase recorded in Q1, according to Hellenic Statistical Authority (ELSTAT). Q2 figure is the third highest reading since 2006 (w...
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Greek trade deficit shrinks by 4.4 pct in October on back of strong exports
EconomyMacroeconomyAfter a sharp rise by 34.2 percent in September, Greeceās trade deficit narrowed by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT). The absolute figures show that the October trade deficit stood at 1.77 billion after re...
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Strong rebound of 7.7 pct in week for Greek stocks with jump in trading activity
EconomyGreek shares rebounded 7.7 percent this week for the first time in the last four weeks amid a jump in trading activity triggered by the introduction of new NBG shares last Monday and indices rebalancing. The Eurogroup Working Group (EWG) tentatively app...
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IMF sees contraction of 0.6 pct this year before strong rebound in 2017
EconomyThe International Monetary Fund has provided its latest macro forecasts for Greece in the World Economic Outlook (WEO) published on Tuesday. The fund expects Greece to return to growth in 2017 after contracting further this year. In particular, GDP is s...
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Despite strong rebound on Friday, Greek stocks dive 5.2 pct during week
EconomyDespite a rebound of 5.4 percent on Friday, the Greek stock market fell 5.2 percent this week amid the negative sentiment that prevailed in the global markets until Thursday largely fuelled by Brexit concerns. The European Stability Mechanism (ESM) boar...
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