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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBanking. Net interest income (NII) remained stable QoQ at 463 million, while fell by 4 percent to 1.88... stock falling by around 1 billion euros from its 2015 level of 26.88 billion. The bank also disclosed... Eurosystem funding shows 13.7 billion relate to EFSF and ESM bonds, 14.4 billion to loans, 1 billion
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingreflects: 1) Negative impact of 1.16 billion euros from Finansbank (mostly additional impairment of 612... impairments of 248 million. 4) Jump in loan provisions to 739 million in Q4 from 256 million in Q3. Core.... Net interest income (NII) edged up 1 percent QoQ to 474 million euros, largely due to lower
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Central government debt edges down to 321 bln in Q1
Economy1 billion QoQ to 11.03 billion accounting for 3.4 percent of central government debt. The debt...-term (up to 1 year) and medium-term (1 to 5 years) debt. It is worth noting that Greece’s cash... to OSE (4 billion), Attiko Metro (2.07 billion) and extra-budgetary funds (910 million). Moreover
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Unemployment up for second straight quarter to 24.9 pct in Q1
EconomyMacroeconomy, despite easing by 1 pp to 50.9 percent in Q1. The most notable decline was posted in the next age group (25-29 years old), where the unemployment rate landed to 35.9 percent, down almost 4 pp from last... for the second straight quarter by more than 1 pp quarter on quarter (QoQ) to 21.1 percent in Q1 from
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingby a rise in core expenses by 3 percent. Net interest income (NII) edged up by 1 percent QoQ to 484 million..., while has been trimmed by 1 billion since Q3 2015, of which 0.7 billion stems from corporate... is expanding. Piraeus also noted it participated with 4 billion in ECB TLTRO II in June, of which 2.7
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Review set to resume in Athens as debt talks drag on
PoliticsGreek Politicsthe 1 percent of GDP in pension cuts that will have to be implemented in 2019, the 1 percent of GDP..., the fiscal gap for 2018 and a range of other minor issues. The aim is to conclude the SLA by May 1... to participate (with funding of around 4 billion euros). However, reports in the international media suggest
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About to soar? Greece's economy still needs to be handled with care
Agoraconsumption remains resilient, up by 0.7 percent in the second quarter and 1 percent in the first... are foreseen to increase by at least 1 billion and range between 14.2-14.5 billion. This pick-up... at the December 4 Eurogroup. Last year’s failure to close the review by early December was one
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Industrial turnover falls by 0.8 pct in Sept, down for first time since Oct 2016
EconomyMacroeconomyby an increase in mining and quarrying by 10.6 percent, along with a fall of 1 percent in manufacturing..., capital goods by 7.2 percent and consumer non-durables by 1 percent. Intermediate goods were up by 9.7... improved by 4 points to stand at -4.7 in October. In the year to date, industry confidence has improved
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Newsletter 149 -2/02/2018
Management Agency (PDMA) is targeting a yield below 4 percent. After the upcoming issue, the government... by 0.5 percent and grow by 1 percent in 2020. Commercial real estate will grow by 0.3 percent each... volume falls by 2.9 percent after a revised drop of 1 percent in October Greece’s retail sales fell
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Banks gear up for stress tests, with results due in May
EconomyBankingthe exercise is formally completed on May 4, when the Supervisory Board is due to meet. The process... by 0.5 percent this year and grow by 1 percent in 2020, whereas commercial real estate will grow by 0.3..., Greek banks had a systemwide Common Equity Tier 1–CET 1 of 17.1 percent, while Capital Adequacy
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