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Unemployment rate falls to 21.5 pct in 2017 despite increase in Q4
EconomyMacroeconomylargely by a rise in the number of unemployed by 36,782 quarter-on-quarter to over 1 million, along... time since Q3 2011 when the absolute number of unemployed dipped below the 1 million mark. This trend... compared to the same quarter last year, going down by 4 pp to 53.1 percent. This was followed by the 65
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingadoption of the IFRS9 accounting policy for exposures in Stage 3 (1 billion euros). Net fee... Assistance (ELA) funding dropped to 2.1 billion in March, falling by another 1 billion euros in mid May... participated in. Gross loans further contracted by 4 percent QoQ to 57.70 billion, falling by 10 percent
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBanking, contributing positively by 4 million euros and partially offsetting the lower interest contribution from... by 9.1 percent QoQ to 267.8 million, declining by 1 percent YoY. The cost to income ratio came... by 1 billion QoQ to 35.9 billion at the end of Q1, increasing by 2.8 billion YoY. On a domestic
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankinganother package of non-performing loans of small enterprises, totalling roughly 1 billion euros, which are collateralised. This would bring the total sales of NPLs by the bank to around 4 billion across... euros. On an annual basis, expenses showed a slight increase of 1 percent. The decline in Q1
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Fiscal matters expected to dominate talks as lenders return for post-MoU check
EconomyProgrammeconfident that there will be an overperformance of between 700 million and 1 billion euros, with the overall primary surplus reaching around 4 percent of GDP against a target of 3.5 percent. In Thessaloniki, Tsipras announced that the government intends to pay out a total of 1 billion euros to members
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Newsletter 176 -28/09/2018
in Parliament on October 1 and then send to the European Commission, means that a decision by the Eurogroup... the opposition parties, which have scorned the SYRIZA leader’s attempt to cancel the 1 percent of GDP... on the need for additional pension cuts of 1 percent of GDP in 2019, which were legislated but made
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingthe Jupiter portfolio of NPLs valued around 1 billion euros to a consortium of funds managed by Apollo and IFC... of investment banking and brokerage. Recurring operating expenses rose by 1 percent QoQ 274.5 million, falling... plan. Capital The Common Equity Tier 1 (CET1) ratio stood at 18.3 percent, down slightly from
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingcoming to 10.6 billion. P&L Net interest income (ΝΙΙ) fell by 1 percent QoQ to 274 million. In 9M, NII... (73 percent in Q2) and 72 percent at the group level. Fee income rose by 1 percent QoQ to 49 million, rising by 4 percent on an aggregate basis in 9M to stand at 164 million euros. Trading and other
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Newsletter 186 -07/12/2018
Management Agency (PDMA) has come to an agreement with the European Stability Mechanism (ESM) to use 4... in coming years Greece’s seasonally adjusted (SA) GDP grew by 1 percent quarter-on-quarter (QoQ... from 4.76 million in August. GDP growth of 1 pct seen QoQ in Q3 In current prices, the increase YoY
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General govt primary cash surplus at 5.63 bln in Dec, arrears fall by 536 mln but miss target
EconomyMacroeconomybudget arrears (-29 million). Extrabudgetary fund arrears rose by a slight 1 million euros.... In the other underlying subcategories, T-Bills edged up by 1 million to 15.28 billion (4.3 percent of the total). Bonds showed a rise of 4 million to 51.55 billion, representing 14.4 percent of the total
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