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Alpha Bank posts net profits of 53 mln in 2018
EconomyBankingthrough staff cuts driven by the bank’s Voluntary Separation Scheme (VSS). In 2018, impairment losses... in Q4 to account for the bank’s upsizing of expected disposals. This implies a cost of risk of 296 bps... of roughly 300 million. Nevertheless, the the group’s DTA for regulatory purposes remained effectively
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BoG report notes challenges to Greek economy, issues warning over high fiscal targets
EconomyThe Bank of Greece’s (BoG) annual report has outlined a number of challenges and proposals... of potential challenges for Greece because external trade wars could hamper the country’s efforts... to have a negative impact on investments. High taxation dampened the country’s competitiveness
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Eurosystem funding falls by 1.24 bln in Jan, banknotes in circulation fall below Nov 14 figure
EconomyMacroeconomy, the total for central bank funding comes to 9.83 billion versus December 2018’s figure of 11.07 billion euros. January’s figure was driven largely by a drop of 656.7 billion in Emergency Liquidity... is expected to manifest in the bank’s financial statements over the next few months, following news
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IMF sees Greece on course to meet fiscal targets and reduce debt
EconomyProgrammelast year to 143.2 percent in 2024. By the end of the forecast horizon, Greece’s nominal GDP is seen... a downward path from last year’s 48.6 percent of GDP, dropping steadily to 44.7 percent of GDP by 2024. Government revenues will reach 47.5 percent of the economy in 2019, dropping from last year’s
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Eurosystem funding falls by 825 mln in Feb, banknotes in circulation rise by 50 mln
EconomyMacroeconomyfor central bank funding comes to 9.01 billion versus January’s sum of 9.83 billion euros, staying below 10 billion for a second consecutive month. February’s figure was driven largely by a drop of 197... is expected to manifest in the bank’s financial statements over the next few months, following news
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PM aiming to unveil expansionary fiscal measures after Easter
PoliticsGreek Politicsfor 2018 was confirmed at 4.4 percent under Eurostat’s criteria. The permanent measures that SYRIZA... that this year’s primary surplus forecast of 3.6 percent of GDP, which is just 0.1 point above... its target. SYRIZA’s aim is for the latest package of interventions, which is partly based on the so
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Survey highlights Greeks' conflicted relationship with EU
SocietyThe European Commission’s (EC) public opinion survey ahead of the May 26 European Parliament... to the question of whether their country’s membership in the EU is a positive thing. Thirty four percent..., which took place before the UK’s Brexit referendum. In contrast, when asked if a referendum on EU
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Unemployment for Feb comes to 18.5 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate stayed under 19 percent for a seventh consecutive month in February and came to 18.5 percent from a slightly upward revision of January’s rate to 18.6 percent, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same time
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Banks focus on reducing NPLs linked to property
EconomyMacroeconomyAs Greece’s systemic banks enter their first quarter reporting cycle, what’s happening... on. Greece’s banks are already looking to the stress test in 2020. A meeting took place this month... the servicing perimeter to other portfolios. The total cases are estimated at 300, with NBG’s
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Leaders present voters with stark choices as campaign reaches climax
PoliticsGreek Politicsofficials hinting that the winning margin might be below 5 points. Nevertheless, the opposition party’s... during this campaign of the “many” against the “elite.” He labelled New Democracy’s economic plan... Democracy’s lead below 5 percentage points. Opinion polls Two opinion polls published on Thursday
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