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Greek credit contracts by 4 pct in Jan, NPLs rise to 31.2 pct in Sept
EconomyMacroeconomyof 2013. A recent PwC study showed the NPL ratio could peak at 40 percent in 2014. If confirmed
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What next for Cyprus gas after the Exxon find?
Agora, it is largely commercial. According to PwC, global exploration spending in 2014-16 collapsed by 60
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BoG data shows that overseas property investment revenue accelerated in 2018
EconomyFeaturesaccording to recently released data by PWC. In the equivalent survey for 2017, the capital ranked much
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Newsletter 371 - 24/02/2023
back-to-back record years. In 2015, FDI was just above 1 billion euros. PwC presented its annual
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What is driving the Greek housing market's recovery?
EconomyFeatureshousing market (for example a PwC study from 2016) have suggested there is in fact a structural
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomyGreek banks’ zero reliance on ELA funding as of May. However, this figure is expected to rise again... by 5.6 billion euros to 43.16 billion. 2) The elimination of the Emergency Liquidity Assistance (ELA.... This funding source was utilised for the first time in Q1 2014 and relates to intra-government funding
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Banking system showed deposit inflows for second straight month, at 531 mln in Sept
EconomyMacroeconomyamount of 5.19 billion largely attributed to a decline in the Emergency Liquidity Assistance (ELA... August 18, the ECB Governing Council decided to reduce the ELA ceiling for Greek banks five times... for almost 70 percent of that month’s outflows. At the same time, Greek banks’ Eurosystem funding
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Deposit flow turns negative with outflows of 681 mln in Oct
EconomyMacroeconomyLiquidity Assistance (ELA) funding by 4 billion to 82.79 billion, while ECB funding declined by 3.2...) with eurozone partners in mid-August, the ECB Governing Council decided to reduce the ELA ceiling for Greek.... At the same time, Greek banks’ Eurosystem funding fell for the fourth straight month by 2 billion euros
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NBG completes sale of Finansbank to Qatar National Bank
EconomyBankingbonds, reducing accordingly its reliance on the Emergency Liquidity Assistance (ELA) funding and the associated funding cost. The cash value of the pledged pillar II bonds stood at 1.5 billion euros in May implying the nominal value stood close to 3 billion. The ELA funding cost stands 150 basis
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingpercent QoQ to 482 million largely driven by lower funding cost due to reduced Emergency Liquidity Assistance (ELA) funding as well as lower deposit cost. Fee and insurance income rose by 4 and 30... and by another 1.7 billion to 13.2 billion in August. In particular, ELA funding more than halved from 11
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