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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agoracore banks posted net loss at the bottom line largely due to one-offs, higher provisions and seasonally increased operating expenses. Starting from the top line, net interest income (NII) rebounded 0.9..., the single most important risk for banks’ fundamentals this year relates to NPL management, which could
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomyin net revenues by more than 800 million. In addition, the 2-month primary surplus outperformed... taxes) up to 218 million (property taxes). The latter mostly relates to lower revenues from the single... million in the 2-month period. This was 45 million short of the target. Overall, net revenues rose by 11.1
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Newsletter 79 - 24/06/2016
euros for Greek banks, with an estimated positive impact of 75–90 million on their net interest... billion. The latter mostly reflects lower net transport receipts, while travel figures also did... by 34.9 percent, while single-digit drop rates were recorded in intermediate (-6.6 percent
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Newsletter 81 - 08/07/2016
fiscal mechanism is activated, the net fiscal savings from expenditure cuts will be calculated after... institutions that the government has cleared net arrears for an amount equivalent to at least 80 percent... thus define the strategic priorities of AIA. But the stake cannot be seen as a single unit. Rather
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Lower bad loan provisions and increased write-offs for Greek banks in Q2
Economyof the comprehensive assessment conducted by the European Central Bank’s Single Supervisory Mechanism.... As a percentage of net loans, provisions remained nstable quarter on quarter (QoQ) at 21.7 percent in Q2... focus remains on the asset quality trends as well as on the evolution of net interest income
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Bank credit contracts by 1.7 pct in September on loan deductions of 355 million
EconomyMacroeconomyat the end of September, which is the lowest reading since June 2007. The monthly net deductions slowed.... The net lending flow turned slightly positive after the extended deductions of 602 million posted... percent in the corporate and housing loans, respectively. The single most important impediment
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingpresented the targets submitted to the Single Supervisory Mechanism (SSM) of the ECB, which call... reflecting lower insurance income. Net interest income (NII) improved by almost 1 percent QoQ to 485 million... employees. Impairment losses dropped by 12 percent QoQ to 182 million with the cost of risk (over net
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Shaping the post-programme narrative in Greece
Agoraquota by over 1,000 percent. Greece is currently the IMF’s single largest creditor. In June 2015...: the decision will be characterised by the Fund becoming a net extractor, not a net contributor
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Newsletter 136 - 20/10/2017
the agreement and said that he would prefer not to “spend a single euro” on defence. But he pointed... euros off target. Net revenues of 34.72 billion euros missed their target by 2.29 billion. The budget... target of 3.32 billion by 753 million euros. Overall, net revenues amounted to 34.72 billion euros
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Lenders confident of being well-placed to overcome global banking sector turbulence
EconomyBankingcompleted a round of annual results for 2022 with combined net profits for the sector at 3.8 billion euros, while net interest income, assisted by the tight monetary policy by the ECB and repeated rate..., currently managed by servicers and funds and the sector NPE ratio is now down to single digits. It had
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