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Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022
EconomyBankingthat the agreement will be 53 pct of the portfolio’s gross book value. The transaction will drop... billion euros. Alpha Bank intends to drop NPEs by the end of this year to 3 billion euros... APS standing ready to offer up to 12 billion euros of state guarantees to the senior tranches
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Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1
EconomyBankinglosses of 404 million euros last year, due to 829 million euros in clean-up impairments. In Q1, clean-up... income (NII) came to 286 million euros in Q1, versus 366 million euros last year, a drop of 22 pct... by 42 pct to 583 million euros. Total operating expenses stood at 199 million, a drop of 6 percent YoY
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Despite consecutive monthly drops, energy drives up Aug CPI by 11.4 pct
EconomyMacroeconomypercent, after falling by 1.8 percent in July. This is the first back-to-back monthly drop since early... percent rise in education. These were partially offset by a drop of 2.2 percent in communication. Reflecting the impact of the energy crisis, electricity was up 38.5 percent annually and natural gas
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GDP unchanged on quarterly basis in Q3, up by 2.1 pct YoY
EconomyMacroeconomywere led by a drop in final consumption by 0.5 percent QoQ. Investments decreased by 1.8 percent. Exports decreased by 0.7 percent and imports increased by 2 percent. The export drop was led..., and services up by 2.9 percent. Imports increased by 2.9 percent, with goods increasing by 3.4
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Building activity resumes growth in Oct, permits up 15.8 pct in 10M
EconomyMacroeconomy), after a marginal drop of 0.9 percent in September, according to the data released by the Hellenic... rise recorded in Eastern Macedonia and Thrace with 40.5 percent. The largest drop was in Western.... During the ten months of 2024, permits were up by 15.8 percent YoY to 25,414. The corresponding surface
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NBG net profit nears 1 bln up to Sep, commision income rises 7.6 pct to 336 mln
EconomyBankingto a profit of 1.06 billion euros in 9M 2024, a drop of 7.9 percent year-on-year (YoY). Attributable profit was 970 million euros, compared to 985 million euros in 2024, a 1.5 percent annual drop... percent annually. Operating expenses in 9M were 685 million euros, up by 7.3 percent YoY. Loan
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Import prices resume growth in Sep, food up 6.9 pct YoY
EconomyMacroeconomypercent rise. Month-on-month, the index decreased by 0.2 percent, from a drop of 1.7 percent..., tobacco products were up by 3.9 percent and electricity rose by 3.4 percent. The monthly movements were led by oil and gas with a 2.3 percent drop, metal products dropped by 1.1 percent
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April drop of 9.9 pct for industrial production largest since 2011 as virus takes toll
EconomyMacroeconomy(ELSTAT) data revealed on Friday. The headline figure is the sharpest drop in the index since... percent decrease in the mining and quarrying index, followed by a drop off 11.3 percent in manufacturing and a drop of 4.7 percent in the electricity supply index. An increase of 2.5 percent
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General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month
EconomyMacroeconomyby 919 million to 11.15 billion, mostly on the back of a drop in social benefits by 470 million to 5.88... million to 400 million. Social benefits make up 52.7 percent of expenditure followed... and 124 million respectively. At the end of February, SSF arrears stood at 2.36 billion making up 46.8
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Fuels head 1.7 pct YoY drop in retail sales for Nov as volumes drop again
EconomyMacroeconomyGreece’s retail sales resumed contraction in October with a drop of 0.6 percent year-on-year (YoY), after an increase of 1.7 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The corresponding volume index had another decline of 1.5 percent YoY. Volumes have now
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