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Eurobank net profits at 34.5 mln in Q1
EconomyBanking, the decline was -62 million, followed by small businesses (-12 million) and consumer loans (-1 million... million, split between 18 million in Greece and 12 million in the international market. The NPL stock... not been serviced for around 5 years, coming to a total of 1 billion which the bank aims to sell
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BoG shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomyon new deposits fell 8 bps to 1.51 percent in June from 1.59 percent in May. The movement in the new loan.... That said, the rates in consumer loans with a defined maturity and in corporate loans above 1 million... are now almost 1 percentage point closer to those in the euro area. In particular, the rate
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Newsletter 3 - 14/11/2014
Greek bond yields above 8 percent. The other option would be to extend the current programme... by the December 8 Eurogroup meeting has been set by both the troika and the Greek government as the key... shortfall of 1 billion. It is not yet clear how the troika projected that figure, since the general
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European Commission evaluates impact of bailout programme
EconomyProgramme: 1) Granting guaranteed contributory pensions only at the attainment of the statutory retirement.... According to the Commission, the main objectives of these further reforms are to: 1) Establish... retirement for those affected by the extension of the retirement age period. 8) Improve the adequacy
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This is what the ECB’s comprehensive assessment tells us about Greek banks
Agora. Capital needs From a starting point of Common Equity Tier 1 (CET1) capital of 25.8 billion in June... 1 billion in the baseline and 16 billion in the adverse stress test. This resulted in a capital... by almost 7 percent in the 2015-2017 period in the adverse scenario compared to a modest drop by 1 percent
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomyanticipated impact of 2.45 billion relate to: 1) Income tax reform (716 million) 2) Change in rates... (439.6 million) 4) Increase in the VAT rate from 23 to 24 percent, implemented as of July 1, 2016... million) 6) Income tax on corporate cars (91 million) 7) Tax on coffee (62 million) 8) Tax on fixed
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingthe Jupiter portfolio of NPLs valued around 1 billion euros to a consortium of funds managed by Apollo and IFC.... By 2021, the stock of NPEs is expected to stand at 8 billion euros. The stock of non-performing... of investment banking and brokerage. Recurring operating expenses rose by 1 percent QoQ 274.5 million, falling
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NBG increases profits in H1 as it progresses with NPE clean up
EconomyBanking786 million in 2020, was up by 8 pct at 727 million. Asset quality NPEs continued heading south... in default and early default clients, more than 30 days past due, stand at just 1 pct. The bank intends... Net interest income (ΝΙΙ) rose 7 percent YoY to 591 million, also rising by 1 pct QoQ. Net fee
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Newsletter 423 - 17/05/2024
combined come uncomfortably close to ND’s figures. The results would yield 8 seats for ND, 4 for SYRIZA, 3 for PASOK, 2 apiece for Communist Party KKE and Greek Solution, 1 for Course for Freedom and 1 for New Left. According to the latest opinion poll by Interview for the Politic.gr website
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How big is the gap separating Greece and the institutions?
EconomyProgrammefor 2016 (2.87 percent of GDP) that would result in a primary surplus of 1 percent of GDP for 2015... on revenues of 1 percent of GDP on an annual basis compared to the 0.74 percent proposed by the Greek... to this year since the new VAT rates will be effective from July 1. Apart from the total estimated
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