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Mission chiefs pick up fifth review baton as Greece mulls new bond issue
EconomyProgrammethat Greece is expected to introduce from May 1. This will succeed the primary residence protection.... One for 4 billion of which mostly aims to reduce the reliance on short term T-bills by 4.4 billion
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Mitsotakis prepares to meet Erdogan as Greek ties with Russia collapse
PoliticsForeign Policyinvited Mitsotakis for lunch at the presidential residence in Istanbul and most likely in the presence... to create a way in which diversification can exist in Europe,” this won’t be possible until sometime
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Newsletter 381 - 19/05/2023
parties with the aim of overseeing a proper investigation into the surveillance scandal. “I won’t rule out..., such as suspending primary residence auctions and lowering VAT, before new elections would be called. However
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankingEurobank reported a net loss of 301.1 million euros in the second quarter (Q2) from 207.4 million..., the underlying net loss stood at 186.2 million euros, which was slightly lower than the 189.3 million posted... million. Net interest income (NII) rebounded 2.2 percent QoQ to 375.3 million, mainly reflecting
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingPiraeus Bank reported net profit of 164.3 million euros in Q2 from a loss of 246.6 million in Q1... an improvement of net interest income (NII) by 4.4 percent QoQ to 500.3 million. NII was bolstered by lower... with the respective average of 10.9 percent. Including the net impact of 1 billion euros from the capital
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingPiraeus Bank posted a net loss of 1.56 billion euros in the third quarter (Q3) of 2014 from... year on year (YoY) to 273 million. This reflects an improvement in the top line with net interest... quarter at 10 billion, while excluding EFSF bonds, the net Eurosystem utilisation reached at 5 percent
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingAlpha reported net losses of 16.8 million euros in the second quarter (Q2) of 2016 from 2.2 million... by a rise in operating expenses. Net interest income (NII) marginally grew by 0.1 percent QoQ to 483.4... lower lending spreads coupled with deleveraging. Net interest margin (NIM) slightly improved to 2.85
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Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
EconomyBanking-quarter (Q3) results on the last day of November. The bank posted net profits of 41.1 million euros... turned positive, with net profits of 22 million from huge losses of 838.6 million.... During the conference call, the management said that out of the new entries worth 800 million in the net
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Job hirings of 11,132 in Dec; 2016 net hirings at record high since 2001
EconomyMacroeconomyThe employment balance remained positive in December 2016, with net hirings increasing to 11,132... posted net departures of 3,580. The biggest contributors to December net hirings were food services..., the highest net departures were recorded in the food industry (-1,475) and accommodation (-994). Overall
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Greek households saw net financial wealth plummet by 37.5 pct during crisis
EconomyMacroeconomy. The study showed that the net financial wealth of Greek households increased by 30.4 percent between.... In the succeeding period until Q2 2012, Greek households’ net financial wealth tumbled by 65.3 percent... of the crisis (2008-2009) and slowed in the next three years (2010-2012). However, their net financial wealth
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