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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingmillion euros, yet it eased 1 percent quarter on quarter (QoQ). The quarterly evolution reflects lower..., largely attributed to a reduction in staff costs, which dropped 8.7 percent YoY and 4 percent QoQ... by 650 million euros within Q1, mainly reflecting 1 billion outflows of sight and savings and 400
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomyto 6 percent. The average euro-area rate on corporate loans over 1 million euros stands almost 4.... On the loan front, the most material change was posted in corporate loans above 1 million euros... percentage points for amounts over 250,000 and up to 1 million euros. The rate in loans to sole
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BoG shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomy. That said, the rates in consumer loans with a defined maturity and in corporate loans above 1 million... increase by 4 bps to 14.84 percent. Following the new compilation of loan rates, corporate lending rates are now almost 1 percentage point closer to those in the euro area. In particular, the rate
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National Bank posts 9-month profits of 1.18 bln
EconomyBankingby a modest 1 percent QoQ. The yearly drop mainly stems from a double-digit decrease in personnel... with the coverage ratio at 45.3 percent. Gross loans rose by almost 1 billion QoQ to 71.4 billion... of total assets. The bank’s Basel III Common Equity Tier 1 (CET1) ratio slipped to 15.8 percent in Q3
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Greek GDP up 0.7 pct in Q3 for third straight quarter of growth
EconomyMacroeconomyshowing an increase of 0.7 percent YoY. Nevertheless, the drop of 4 and 3.9 percent YoY in the preceding... successive quarter by 3.1 percent accelerating from the 1 percent posted in Q2. In contrast, Q3... percent. Gross fixed capital formation posted a rise of 1.6 percent QoQ and 1 percent YoY in SA terms
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Bank of Greece sees growth at 0.7 pct in 2014, NPLs up to 34.1 pct
EconomyMacroeconomya slighter deterioration by more than 1 pp to 27.4 percent. For corporate NPLs (for loan amounts above 1 million euros) in particular, a BoG study showed that they are concentrated in a relatively... to stop increasing within 2015, while under the best-case scenario it is expected to drop by 4 pp
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How SYRIZA says it will fund its economic policies
Economyby the following four funding sources: 1) Utilization of the Hellenic Financial Stability Fund (HFSF) capital... private debt (2 billion) and the establishment of new banks (1 billion). However, the use of HFSF... with estimated revenues of 3 billion in the first year. 4) Reallocation of 3 billion euros from
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Eurosystem funding for Greek banks shoots up by 11.2 bln in December
EconomyMacroeconomyin December reflects the combined effect of: 1) Deposit outflows of circa 3 billion in December, which... issues stood at circa 60 percent 3) Gradual lack of renewal of interbank repos up to 9 billion 4) Higher haircut on state-guaranteed ECB collaterals which reduced the system’s liquidity by almost 1
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Uptick in time deposit rates, mixed trends in corporate loans
EconomyMacroeconomyon the average rate on new deposits, which edged up by 1 bps to 1.13 percent in March... 1 million euros also increased by 11 bps to 4.97 percent. In contrast, the respective rate for amounts between 250,000 and 1 million euros dropped by 15 bps to 5.04 percent. Greek corporate lending
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomya primary surplus target of 1.5 percent in 2015 ranges between 1.8 billion euros (1 percent of GDP... that the government is currently considering to cover the estimated fiscal gap involve: 1) A unified VAT rate between... brackets respectively. 3) Extraordinary levy on the 500 most affluent Greek citizens. 4) Increase
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