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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBankingAlpha Bank reported net profits of 27.5 million euros for the first quarter (Q1) of 2019, improving on the net loss of 1 million euros noted in Q4 2018. The net profits in Q1 2018 stood at 65.2... percent in Q4 2018. Capital The Common Equity Tier 1 (CET1) ratio stood at 17 percent, down by 41 bps
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingyear came to 196 million euros. Net interest income (NII) rose by 1 percent QoQ to 360 million... percent in Q4. P&L As mentioned, NII stood at 360 million euros, showing a rise of 1 percent QoQ
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Institutions warn of fiscal target being missed, reforms slowing
EconomyProgrammeas planned and not creating an extra 1 percent in fiscal space for growth-enhancing reforms... estimate will have a fiscal cost of more than 1 percent of GDP in 2019 and beyond. These range from
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CPI edges up by 0.2 pct in May
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) increased by 0.2 percent in May following a rise of 1 percent in April, figures from the Hellenic Statistical Authority (ELSTAT) showed on Monday. May’s reading... and a 1 percent rise in alcoholic beverages and tobacco. Smaller rises ranging between 0.5 percent
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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomy(ECB) funding, along with a fall of 1 million euros in Emergency Liquidity Assistance (ELA). ECB funding in May came to 8.07 billion euros as mentioned, along with ELA funding totalling just 1
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Industrial production falls by 1.2 pct in May
EconomyMacroeconomy(+1.6 percent) and capital goods (+1 percent). A drop of 10 percent was noted in energy production..., industry confidence has improved by 1 point. Additionally, Markit’s manufacturing PMI came to 52.4
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Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
Economy, Greece could issue 26-week T-bills just short of 1 percent with the eight issues of this duration... for the 52-week T-bills, which closed 2018 with a yield of more than 1 percent, to drop under 0.5 percent
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Athens hopes lower bond yields strengthen case for reducing fiscal targets
EconomyProgrammeof the official sector debt from the eurozone are around 1 percent. This has allowed interest payments to average... of a risk-free rate below 1 percent and 380 basis points (bps) risk premium for Greece. Over time
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Capital controls to be abolished ahead of schedule
EconomyBankingChristos Staikouras said that all restrictions currently in place would be lifted on Sunday, September 1... per customer every two months, effective from July 1, 2018. Most significantly, businesses were
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingfor Eurosystem funding is made up fully of European Central Bank funding. As of Q2, ECB funding rose by 1... percent compared to 104 percent in Q1 2019. Capital The Common Equity Tier 1 (CET1) ratio stood
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