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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingmillion from loss of 7 million last year. Despite a 14 percent YoY rise in Greek net interest... points (bps) offset by higher deposit margins (up 20 bps). As result, Greek net interest margin (NIM... in Q1 from 403 million in Q4. Lower loan impairments by 15 percent YoY and 7 percent QoQ to 362
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Among euro area SMEs, Greeks face most problems with access to finance
Economyin Austria (7 percent) and Germany (9 percent). When asked how pressing “access to finance” was as a problem in their current situation, Greek SMEs rated it at 7 on a scale of 1-10. For other countries... that of the next group countries (Ireland, Italy and the Netherlands) of almost 20 percent
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Final structure of bank recap taking shape, cautious optimism for outcome
Economy(CoCos) and shares. CoCos would bear an annual coupon of 7–9 percent, according to market sources... below 20 percent or more than half of the current levels. Greek banks have conducted two major..., the market currently expects that 5–7 billion would have to be raised from private investors
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Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment
EconomyMacroeconomyin Q3 largely reflects a decline in household consumption (-0.8 percent) and investments (-7 percent.... Investments Gross fixed capital formation dived 7 percent QoQ in Q3, yet at a slightly slower pace... 20, the Finance Ministry (MoF) tabled in Parliament the 2016 budget revising its previous estimates
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Newsletter 69 - 08/04/2016
, to be paid to those having a minimum of 20 working years. This amount is reduced by two percent per... slashed to 15 billion. He added that a feasible privatization revenue target would hover around 6–7... in February following an increase in imports by 1.9 percent and a drop of 7 percent in exports, which have
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Greece eyes first bond issue since 2014 to smooth out volatile relationship with markets
EconomyFeatures, July 20 and September 7. A potential global deal at the next Eurogroup on May 22 or even on June 15... lower of the 5-percent mark from the level of around 7 percent in mid-January, the Bank of Greece
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Possibility remains for trial bond issue before IMF debt analysis
PoliticsGreek Politics. “That was completely different 4, 5, 6, 7 years ago, where big amounts of money were needed to finance the fiscal... suggests that this meeting may actually take place on July 20, thereby further shortening the time... on September 7 the scaling back of its QE programme, and that this tapering may cause some volatility
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Eighteen core goods led exports during crisis, NBG study notes
EconomyFeaturesthe crisis, roughly 6 to 7 percent, exports to non-EU countries grew at a slower rate. In these markets, Greek exports rose on average by 3 percent per annum during the crisis compared to an average of 7.... Among the 18 core products, Greek retains the global lead in exports of peach compote at 20 percent
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PDMA sets out plans to build on recent market forays with bond issues in 2019
Economy, with the swap of 20 bonds worth 30 billion euros from the PSI that matured annually from 2023 up to 2042... to issue between 3 and 7 billion euros of benchmark bonds in 2019. Also factored in are 1.2 billion euros... the maximum of 7 billion.
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Tsipras to get election campaign underway as parties target middle class voters
PoliticsGreek Politicsfor Parliament to be dissolved and elections to be called for July 7. He will follow this up by unveiling... to 20 percent, the scrapping of the solidarity tax for annual incomes below 30,000 euros, were also... in the July 7 vote. Although the nationalists only gained 0.8 percent of the vote in the European
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