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Current account surplus almost doubles to 1 bln in June
EconomyMacroeconomy-residents’ holdings of Greek government bonds and T-Bills. For the first half period, resident’s net... prices rose by 4.3 percent. The deterioration in the services balance mostly stems from lower net... improved over the 6-month period mainly due to lower oil prices. Moreover, net payments for purchases
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Current account balance turns to deficit of 198 mln in Oct
EconomyMacroeconomybonds and T-Bills. Overall, residents’ net external assets increased by 6.1 billion euros... that the improvement in the balance of goods excluding oil was counterbalanced by higher net oil imports... income balance mainly stems from lower net receipts, including taxes and subsidies on products
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Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
EconomyMacroeconomya net increase in repos (by 3.09 billion) and T-Bills (1.21 billion) partly partially offset by a net decrease in Financial Support Mechanism (FSM) loans (by 2.2 million). The rise in T-Bills stems... net financing has been reduced accordingly to 22.8 billion and FSM outstanding financial aid
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Eurobank records net loss of 207.4 mln in Q1
EconomyBankingEurobank kicked off Greek banks’ Q1 results releases posting a net loss of 207.4 million euros... percent QoQ decrease in net interest income (NII). The latter is attributed to lower lending spreads... by 25 basis points (bps) in Q4, net interest margin fell by 5 bps in Q1 to 1.93 percent, mainly due
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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingNational Bank was the second Greek bank after Eurobank, which published Q1 results on May 28. Net... million from loss of 7 million last year. Despite a 14 percent YoY rise in Greek net interest... points (bps) offset by higher deposit margins (up 20 bps). As result, Greek net interest margin (NIM
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Greek private sector sees net job departures of 9,954 in Jan
EconomyMacroeconomyThe hirings balance showed net departures of 9,954 in January, up from last year’s figure of 9,273... 2014, when net hirings of 6,397 were recorded. This year’s figure is the second lowest negative... of mechanical equipment (+309). On the flipside, the highest net departures were posted in food services
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Net job hirings of 14,437 in the Greek private sector in February
EconomyMacroeconomyThe employment balance displayed net hirings of 14,437 in February, down by 687 from last year’s...), wholesale trade (+1,198) and food and catering services (+1,196). In contrast, the highest net...). The aggregate figures for the 2-month period showed net hirings of 4,483, lower by 1,368 from last
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingEurobank remained profitable for the second straight quarter, albeit with lower net profits of 46.2... reflecting positive top line trends and cost containment. In particular, net interest income (NII... on ELA and pillar II bonds more than offsetting lower loan NII. Net interest margin (NIM) improved
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBankingPiraeus Bank reported a positive bottom-line result for the second straight quarter, with net... quarter. For the 9-month period, the bank posted net profits of 14 million from losses of 621 million a year ago. The quarter on quarter (QoQ) improvement in profitability reflects a rebound in net
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingEurobank posted an improvement in net profits to 85.4 million in the third quarter (Q3) of 2016... by 4.3 percent quarter on quarter (QoQ) to 218 million euros, reflecting a slight rise in net interest... net loans) falling by 30 bps QoQ to 194 bps in Q3. During the conference call, the management guided
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