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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingguarantee cost. Operating expenses rose slightly by 1.4 percent to 226.3 million. For the full year, the figure declined by 0.9 percent for the group and by 2 percent for Greece. As a result, the cost... increased by 15.6 percent QoQ to 205.7 million corresponding to a cost of risk (provision over net
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The first cut is the deepest? Greek pension reforms in context
EconomyFeatures. Pension expenditure The cost of Greek pensions had been growing steadily since the 1990s... SSFs had to conduct emergency audits to track how many pensions were paid and at what cost. Detailed... and increased health contributions. The total monthly cost of pensions has been on a downward trend since
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBanking. This was attributed to the bank’s cost reduction programme that began with the launch of VES in early 2018, as well as other actions aiming at reducing administrative costs. The cost-to-income ratio in H1... in these sales, the cost of risk in Q2 came to 82 million. The Greek cost of risk came to 151 bps over
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Question mark over pension cuts in 2019 draft budget as Athens looks to lenders
EconomyProgramme, the reduction in contributions for the self-employed will cost 186 million euros. The lowering of supplementary pension contributions will cost 44 million euros. The reduction of the ENFIA property tax will cost 270 to 320 million euros. Bringing down corporate tax from 29 to 28 percent will cost
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingand the securitisation price. The cost will be covered using around 900 million euros from the merger... for Greece, with the overall reduction for the year coming to 1.9 percent. As a result, the cost-to-income... QoQ to 167.5 million corresponding to a cost of risk (provision over net loans) of 1.86 percent from
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EastMed pipeline close to high-level agreement, but still a long way from becoming reality
EconomyFeaturesmajors are comfortable with taking a small risk with exploration, the much higher cost and time... for export justifies the high cost of construction. By backing the EastMed, the emerging gas exporters... – in favour of the harder-to-reach European Union. They are also potentially ignoring a more cost
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Alpha Bank posts net profits of 53 mln in 2018
EconomyBankingcost fully counterbalancing the assets’ interest NII decrease, stemming from securities portfolios... rose by 2.2 percent QoQ 280 million and fell by 2.2 percent on an aggregate basis. The cost to income... in Q4 to account for the bank’s upsizing of expected disposals. This implies a cost of risk of 296 bps
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Parties' competing tax pledges come up against challenging reality
EconomyFeatures. This is a technical point, but it has some potentially significant cost implications, particularly... more modest tax cuts and come at a lower cost. For New Democracy, this distinction is crucial... growth with business-friendly policies, but also plans to raise 2 billion euros from cost-cutting
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingcost to income ratio came to 54.6 percent in the quarter from 55.5 percent in the previous quarter. In the aggregate period, the ratio stood at 55.7 percent in H1. Management noted that operating cost... cost of risk of 3.2% for 2018. Other impairment losses recorded a positive result of Euro 13.6 million
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBanking, the QoQ increase in the top line has almost absorbed the cost of the new Tier II issue. The new time..., reflecting a fall of 2 percent YoY and 3 percent QoQ. The cost-to-income ratio stood at 51 percent versus 55 percent in Q2. For the 9M period, the cost-to-income ratio came to 52 percent from 56
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