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Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
EconomyMacroeconomypace, by 3 basis points (bps) to 0.76 percent in October, after a decline by 8 bps in September, Bank... new deposits marginally down by 1 bp to 0.37 percent, which is also a new historic low since 2002... for amounts over 1 million euros, where the interest rate climbed 97 bps to 4.91 percent and more than
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Newsletter 105 - 03/02/2017
proprietors eased by 2 bps to 7.34 percent. The new time deposit rate of Greek households slipped 1 basis... new deposits down by 3 bps to 0.32 percent, a new, 14-year low. The interest rates in corporate loans showed mixed trends, as the rate for loans between 250,000 and 1 million euros rose by 22 bps
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Newsletter 106 - 10/02/2017
government (GG) primary cash surplus rose by 1 billion to 5 billion euros in 2016 from around 4... of the index, fell by 1.9 percent, while water supply production also declined by 1 percent. The seasonally adjusted IPI rebounded 2.2 percent from the previous month, after retreating by 1 percent
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgramme. It is noted that the nominal GDP is projected to grow by 3 percent in 2017, 3.6 percent in 2018 and 4... in employment by 1–1.8 percent each year in 2017-2021 will drive the unemployment rate lower from 23.5... savings of 1 percent of GDP each in 2019 and 2020 respectively and the implementation of counter
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About to soar? Greece's economy still needs to be handled with care
Agoraconsumption remains resilient, up by 0.7 percent in the second quarter and 1 percent in the first... on August 3 by a total of 1.6 billion, currently standing at 38.9 billion euros, from 91 billion in mid-July... are foreseen to increase by at least 1 billion and range between 14.2-14.5 billion. This pick-up
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Newsletter 149 -2/02/2018
weeks with the aim of raising 3 billion euros from investors. It is believed that the Public Debt... by 0.5 percent and grow by 1 percent in 2020. Commercial real estate will grow by 0.3 percent each... volume falls by 2.9 percent after a revised drop of 1 percent in October Greece’s retail sales fell
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Athens and creditors place immediate focus on remaining key deliverables
EconomyProgrammeof the tax-free threshold to be carried out next year along with the pension cuts worth 1 percent of GDP... programme. “Triggers for a rating upgrade could include: (1) continued successful implementation of fiscal and structural reforms; (2) a clearer view of financing beyond the Third Programme (3) material
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingby 9.1 percent QoQ to 267.8 million, declining by 1 percent YoY. The cost to income ratio came... was reduced from 7 billion ini Q4 to 4.8 billion in Q1, declining again to 3 billion in May. ECB... 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
EconomyBanking. As part of its NPL reduction strategy, NBG is proceeding with the sale of an NPL portfolio totalling 3... another package of non-performing loans of small enterprises, totalling roughly 1 billion euros, which... euros. On an annual basis, expenses showed a slight increase of 1 percent. The decline in Q1
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Athens prepares 2019 draft budget amid pension cuts dilemma
EconomyProgrammethe 1 percent of GDP in reductions to pensions that he agreed with the lenders and which... 1 Eurogroup (where Finance Minister Euclid Tsakalotos will have the chance to exchange views on next... until the December 3 Eurogroup. In the meantime, Finance Ministry officials are reportedly still
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