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NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBankingat the end of Q2, yet it has slipped by 2 billion to 25.6 billion at the end of September
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Travel receipts rebound by 7.3 pct in August, partly reflecting higher spending per trip
EconomyMacroeconomystand 2 million and 1 billion above last year’s items respectively. SETE also said that subject
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Bailout review resumes in Athens but substantial gap remains
PoliticsGreek Politicsfederations. 2) Do not agree with the recent proposal from the government for lower contributions
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Credit contraction slows to 1.5 pct in Sept on marked drop in corporate loan deductions
EconomyMacroeconomyat 207 million with the 9-month figure close to 2 billion. The decline in consumer credit accelerated
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Greece and lenders far apart on foreclosures as housing NPLs keep rising
EconomyProgrammeGreece has to implement to qualify for the disbursement of the next sub-tranche of 2 billion.
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Piraeus Bank reveals mitigating actions aimed at reducing size of capital increase
EconomyBankingmillion relate to senior bonds and 225 million to junior bonds. 2) Increase of Common Equity Tier 1
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This is what the ECB’s comprehensive assessment tells us about Greek banks
Agoraand residential real estate that showed additional NPEs of 2 billion each. Following the AQR, the NPE
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Coalition in rush to wrap up pending bailout issues
EconomyProgrammeAhead of Monday’s Eurogroup, the Greek government seems willing to accelerate its efforts to close some key pending issues that could unlock the disbursement of the next sub-tranche of 2 billion. The thorniest issue at the moment relates to the tightening of the eligibility criteria for protection
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EC sees milder Greek recession in 2015, debt ratio to climb to 200 pct in 2016
Economyof 2 percent in 2016, while a strong double-digit rebound of 14.7 percent in forecasted in 2017
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Trade deficit falls by markedly accelerating pace of 24.2 pct in Sept
EconomyMacroeconomyslipped by 2 percent and exports rose by 11.1 percent leading the respective trade deficit down by 15.5
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