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NBG net interest income jumps 65 pct in 2023 to 2.26 bln as net profit reaches 1.2 bln
EconomyBanking, compared to a profit of 474 million euros in 2022, a significant rise year-on-year. Attributable profit... in the previous year. Asset quality NPEs were 1.3 billion euros in 2023, with the ratio at 3.7 percent... euros, with 6.2 billion euros drop from the end of last year. Eurosystem funding was 8.1 billion
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Moody's leaves Greece's rating unchanged, one notch from investment grade
Economyof 2.4 pct this year and 2.3 pct for next year, supported by domestic demand and exports, while inflation... in 2023, from over 10 pct in the previous year. The fiscal picture is also improved with the deficit... this year and next. The debt-to-GDP ratio will continue to shrink to 148 pct of GDP by next year, from
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Jan current account in surplus, trade balance worsens as exports drop again
EconomyMacroeconomy, compared to a deficit of 2.47 billion euros in the same month last year. Total imports came to 6.63 billion euros in January, from 6.86 billion last year. At the same time, total exports came to 3.94... reached a deficit of 601.1 million euros, from 668.7 million euros last year. The balance of goods
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Newsletter 417 - 22/03/2024
had registered to vote in their country of residence in last year's national elections and had... the rating scale. S&P and Fitch upgraded the country to investment grade at the end of last year, while... the debt ratio to below 150 pct of GDP by next year. There are also several mitigating factors
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Small gains for building activity in Dec, up 7.1 pct in full 2023
EconomyMacroeconomyBuilding permits only rose marginally in December, up by 0.6 percent year-on-year (YoY), after dropping by 1.2 percent year-on-year (YoY) in the previous month, according to the data released... months of gains during the year. The total number of permits issued in December reached 2,533, from
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Industrial Production growth slows to 1.6 pct YoY in Feb as electricity supply drops
EconomyMacroeconomypercent year-on-year (YoY), after a solid 10.2 percent rise in the previous month, according... in the middle of last year, the index has been growing for the last six months. Last year’s annual growth... to positive ground at 4.8 points, from -4.2 points in the previous month. Since April last year
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Can the Green Transition be just?
Agoratheir emissions from road transport in 2021 compared to the base year (1990) by more than 20%. Moreover... that hit the country. From 2013 onwards, and except for the particular year of the pandemic (2020... essentially the same qualitative challenge that we will have to face every year from 2027 onwards
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Piraeus Bank net interest income jumps by 16 pct to 518 mln in Q1, commission income up 19 pct
EconomyBankingyear. Normalised operating profit was 279 million euros in Q1, compared to 204 million euros in Q1 2023. Asset quality The NPE ratio was stable at 3.5 percent in Q1, from 6.6 percent a year ago. The NPE coverage ratio was 60 percent, from 56 percent in Q1 last year. The organic cost of risk was 0.5
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Alpha reports 211 mln profit in Q1 as NII reached 420 mln
EconomyBankingyear-on-year, from 383 million in 2023. Net fee and commission income was 96 million euros in Q1, from 82 million euros last year, up by 18 percent. Trading income was up to 43 million euros, from 17... million a year ago. Loan loss impairments dropped by 15 percent to 63 million euros, from 74
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Q1 GDP growth accelerates to 0.7 pct QoQ
EconomyMacroeconomy. On an annual basis, Q1 GDP accelerated to 2.1 percent year-on-year (YoY), from a 1.3 percent YoY... percent YoY, while investments jumped by 22.2 percent. Exports dropped by 5.7 percent year-on-year... forecasts, the Parliamentary Budget Office expects the economy to grow by 2.5 percent this year
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