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Credit contraction at 1.1 pct in Jan, balance at 169.42 bln
EconomyMacroeconomyCredit contraction in the Greek market came to 1.1 percent in January, unchanged from December... for 10 consecutive months. The net lending flow was negative for the month and showed outflows of 705... million euros from 1.06 billion in the previous month. Credit to insurance corporations showed a net
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Athens goes along with EU over Libya, waits for Turkey's move at UN
PoliticsForeign Policyaiming to prevent any shipment of arms to Libya’s two factions. The operation will involve the deployment of warships to enforce the United Nations arms embargo on Libya. According to the EU foreign... as in Libya. Greece was not invited, again, to the Berlin process aiming for a solution for the Libyan crisis
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Athens content with Scholz's first visit, looks for US backing on Libya
PoliticsForeign Policyto be heard” government sources insisted. However, Athens was again not invited to the so-called Libya process meeting that took place last week. Libya The same issue dominated talks Mitsotakis held last week.... It should be noted that Turkey and Libya are not bordering countries and, most importantly, Egypt
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Credit growth edges up to 1.1 pct in Nov
EconomyMacroeconomyCredit movement in the Greek private sector increased by 1.1 percent year-on-year (YoY) in November... reaching a peak of 3.7 pct growth in February this year. The net lending flow was positive by 470 million... euros in October. The corporate lending balance’s net monthly flow was positive in November by 538
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingPiraeus Bank’s fourth quarter (Q4) results showed that net profits from continued operations came... reflected net profits of 185 million euros compared to a net loss of 9 million euros in 2017. Pre... 2017. Net interest income (NII) rose by 2 percent quarter-on-quarter (QoQ) and came to 355 million
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingPiraeus Bank’s third quarter (Q3) figures revealed net results from continued operations showing a profit of 44 million euros compared to a net profit of 20 million in Q2 2019. This marks a fifth consecutive quarter where net results have landed on a profit rather than loss. Net results overall
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Eurogroup clears 1.1 bln, waits for arrears clearance data to release remaining 1.7 bln
EconomyProgrammeon the disbursement of 1.1 billion euros to Greece, which is the part of the sub-tranche of 2.8 billion... the way for the disbursement of the 1.1 billion for debt servicing needs. The head of the European... on net arrears clearance in the July-September period. According to the Greek Finance Ministry for July
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Eurobank net profits at 34.5 mln in Q1
EconomyBankingEurobank recorded net profits of 34.5 million euros in the first quarter (Q1) of 2018, representing a year-on-year (YoY) decline of 5.5 percent versus net profits of 36.5 million euros in Q1 2017. Net results before discontinued operations and restructuring costs point to profits of 57.2 million
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Italian support over Libya buoys Athens as it looks to build broad East Med alliance
PoliticsForeign PolicyJurisdictions Memorandum that Turkey signed last November with the UN-backed government in Libya... signed by Libya and Turkey on the delimitation of the continental shelf is unacceptable, infringes... on the issue of Libya. Government spokesman Stelios Petsas confirmed on Tuesday press reports that Greece
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Stocks rise for first time in three weeks, gaining 1.1 pct
Economyin the last two sessions erased earlier losses leading to weekly gains of 1.1 percent. The trading activity.... Corporate news Alpha’s Q1 net profits more than doubled quarter on quarter to 48.1 million, while core... than halved to 13.1 million. Lamda Development reported a rise of 6.3 percent in Q1 net profits
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