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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBanking) remained flat QoQ at 2.7 percent as the 8 basis points (bps) improvement in the deposit spread was offset... expenses decreased by 14.1 percent QoQ to 452 million. For the whole year, core expenses were cut by 5.8... at 494 bps in Q4 from 216 bps in Q3 with the full year figure settling close to 3 percent. Loan loss
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Credit contracts by slower rate of 2.1 pct in May
EconomyMacroeconomy. It is noteworthy that the net flow in corporate lending is positive year to date at 233 million largely reflecting additions of 762 million in the first two months of the year. It is noteworthy... broadly stable at 291 million, while the year to date negative lending flow reached 1.62 billion
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Newsletter 68 - 01/04/2016
intends to pay state arrears of 7 billion euros to the private sector by the end of the year... system. New Democracy also tabled the next day a proposal for a parliamentary inquiry into last year’s... not seeing out their four-year terms. The last time a Greek administration stayed in power for its full term
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingguarantee expense, while the other fee income components remained almost flat. The bank also recorded other... to 49.2 percent in Q1 from 61.5 percent in Q4 and 58.7 percent a year ago. The remarkable rise... for the whole year while the NPL stock at the end of the year is expected to be lower to the previous year’s
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Net profit of 87 mln for NBG in Q1
EconomyBanking) of 2016 from a loss of 2.05 billion in Q4 and 159 million a year ago. Core pre-provision income (PPI... for funding. Operating expenses fell 7 percent QoQ and 2.2 percent year on year (YoY) to 309 million... million in the previous quarter and 352 million in the corresponding period last year. As a result
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Greece's 2009 deficit makes for a good conspiracy; shame about the numbers
AgoraI believed that the issue of Greece’s 2009 deficit was definitely settled last year when Andreas... and Georgiou, who no longer heads ELSTAT after he resigned from his post a year ago, should appear before... that was implemented that year that pushed the deficit down to 20 billion euros. That volume
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General govt primary cash surplus improves to 1.4 bln in Jan, arrears rise to 4.8 bln
EconomyMacroeconomyin January from 1.3 billion a year ago, the Finance Ministry (MoF) gg bulletin showed on Tuesday... to 565 million from just 31 million last year. Specifically, SSFs revenues soared almost 30 percent.... Although all other sub-sectors posted a positive primary balance, it deteriorated from the previous year
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ECB report highlights sluggish Greek economic growth
Economyto 0.1 percent after being flat in 2016, against an EU average of 1.9 percent. GDP per capita... prices increased by 8.6 percent. Compensation per employee in Greece declined by 0.9 percent year-on-year in 2016. Although this is an improvement on the contraction of -2.3 percent in 2015, it is still
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Government opts for modest tax relief, but who will benefit?
EconomyFeatureseuros in tax revenues in the tax year 2017 according to annual statistics from the Independent Public Revenue Authority. The trade tax, a flat tax on registered businesses and self-employed... and the construction sector. These include a three-year freeze on VAT on property transactions and on capital gains
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Promises and challenges of Greece's "green new deal"
EconomyFeaturesunits in the final phase of the country’s adjustment programme fell flat as no buyers were willing... MW/year to 470 MW/year for wind power, and from just over 200 MW/year to 525 MW/year
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