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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingincome (PPI) fell 12 percent quarter on quarter (QoQ) to 363 million in Q4 reflecting a 2 percent drop... and consumer remained almost stable. Coverage ratio rose by 6 pps QoQ to 60.4 percent, with Greek..., loan to deposit ratio deteriorated by 2 pps QoQ in Q4 to 95 percent for the group and to 83 percent
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Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
Economyincluding bonds held by the private sector. 2) Arrears to the IMF would not in and of themselves..., if not the title, of a third programme of policy-conditional financial support. 2) An acceleration of Greece's... review on Greece. On February 6 Moody’s placed Greece’s ‘Caa1’ government bond rating on review
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Newsletter 22 - 03/04/2015
points in February. This means it is 6 points lower than the recent peak of 102.8 in November... figures mark a third straight month of decline. 2 Overcoming the conceptual gap Time, goodwill.... The government expects these measures alone to produce at least some 2 billion euros of the 4.6 to 6.1 billion
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Greece drafts reform multi-bill as talks catalyst but fiscal gap lingers
EconomyProgramme. 2) Increase in luxury tax in cars, pools and yachts with estimated revenues of 20 million euros. 3... with estimated revenues of 50 – 70 million euros for 2015. 6) Improvement of the VAT collection mechanism through... billion euros for a primary surplus of 1.5 to 2 percent of GDP to be achieved for 2015.
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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyso far in May, by 2 billion on May 6 and by 1.1 billion on May 12 taking it to 80 billion. Bank... that Greek banks’ dependency on ELA has further increased by more than 2 billion to 76.5 billion
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National Bank posts losses of 159 mln in Q1 2015
EconomyBanking(PPI) eased 2 percent QoQ to 357 million in Q1 reflecting a drop in operating income and expenses... weaker NII from Turkey (down 12 percent in TL terms) and Greece (-2 percent). The lower Greek NII... percent in Q1 after a sharp rise by 6 percentage points to 60.4 percent in Q4. It is noteworthy
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Industrial production up again in April but at slower rate of 0.4 pct
EconomyMacroeconomythat the seasonally adjusted IPI fell 2 percent month on month (MoM) in April, after a marginal rise... production rose by 6 and 5.3 percent respectively. In contrast, mining and quarrying as well as electricity... released by the European Commission at the end of May displayed it improved by 2 points to -13
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Greece and lenders fail to bridge their differences in Brussels
PoliticsGreek PoliticsCommission sources suggested to the media that the two sides still have differences over 2 billion euros... a change in the VAT rates (6, 11 and 23 percent) with estimated additional revenues of around 1 billion... demanding a primary surplus of 1 percent for 2015 and 2 percent for 2016. On the pension front
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The key numbers behind the latest Greek proposals
EconomyProgrammethe corporate tax rate from 26 to 28 percent with estimated revenues at 260 million in 2016 2) Increase... revenues at 47 million per annum in 2015-2016 6) Taxation with 30 percent on gross gaming revenues... revenues estimated at 200 million 2) Increase the corporate tax rate by an additional one percentage point
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Newsletter 35 - 17/07/2015
of this amount includes: 1. Amortisation of SMP and ANFA bonds held by the Eurosystem (12.7 billion); 2..., the commission estimates that the primary balance will lower financing needs by 6 billion. Based... the beginning of 2014. 2 Back to business as abnormal A look at what's ahead for Greece's banking sector
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