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Newsletter 234 -10/01/2020
fall of 829 million euros, bringing the total figure to 1.10 billion euros. The equivalent figure...), where the total fell by 542 million euros YoY and came to 1.25 billion euros against 1.79 billion... to 24.34 billion euros in November and made up 6.9 percent of the total. According to the Bank of Greece
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Newsletter 271 -30/10/2020
, while 12 more deaths took the total to 615. Despite the dip in Thursday's figure, the number... authorities search for ways to avoid a total lockdown and the economic fallout this would bring. 270 vehicles... line. In Q2 this year, a total of 31 percent of employees received earnings below the minimum wage
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Record FDI flow into Greece raises bar, but is it sustainable?
EconomyFeaturesof net inflows, the total exceeded the pre-pandemic high of almost 4.5 billion recorded in 2019..., the government has set the bar at 7-8 billion euros, with almost 5 billion already secured in H1, which... accounts for 13 pct of the total stock. Even within the service sector, however, it is notable
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Newsletter 424 - 24/05/2024
just short of 15 billion euros, from the total 36 billion euros envelope. The 14.9 billion euros... slower pace. Out of the total of 7.6 billion euros in grants, just 3.45 billion euros has reached firms..., the total applications for funding stand at 23.8 billion euros, while the signed contracts stand
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Election results in Greece lift uncertainty, for now
Agorathe course of the past 5 years, polarized the political scene. On one hand, the coalition government.... Before the EU vote, some polls suggested a SYRIZA lead in excess of 5 percent while the performance of the junior coalition member, PASOK (or the Elia alliance), was seen at a dismal 5 percent
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBanking. The underlying profitability reflects pre-provision income (PPI) of 828 million in H1, up 5 percent coupled... percent to 390 million, while loan provision also fell by 5 percent to 342 million. The key drivers... (down 17 percent YoY in H1 and 5 percent QoQ in Q2) led cost of risk further easing to 2.23 percent
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National Bank posts 9-month profits of 1.18 bln
EconomyBankinggrew 5 percent QoQ to 797 million mainly stemming from an expansion of the net interest margin (NIM... in the cost to income ratio by 5 percentage points (pp) YoY to 55 percent. The rate of increase in the non... 0.3 billion to 10.7 billion in Q3. Excluding EFSF bonds, net ECB exposure corresponds to 5 percent
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingof the targeted cost synergies and 100 percent of funding synergies related to the acquisition of 5 banks... loss reserves - LLRs) reached 12.5 billion in Q3 corresponding to 22.6 percent of total loans up.... As a result, loan to deposit (LTD) ratio improved by more than 5 percentage points QoQ to 102.3
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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingreflecting a 25 percent jump in operating expenses, while operating income also fell 5 percent QoQ on higher... synergies and 100 percent of funding synergies related to the acquisition of 5 banks (ATEbank, 3 Cypriot banks’ operations in Greece and Millennium Bank) over the past two years. Total synergies from
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Greek SMEs face biggest obstacles to finance in euro area, ECB finds
EconomyMacroeconomyidentifying ‘access to finance’ as the most important problem they are facing. A total of 34 percent... for countries such as Germany (23 percent), but not for Greece where the respective rate of 5 percent... at approximately 7, which is the highest in the euroarea and above the average of 5. Greek SMEs also
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