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Greek current account surplus up to 1.6 bln in September after fourth straight rise
EconomyMacroeconomy, the narrowing of the trade deficit reflects a lower net import bill for oil and ships. Excluding... to higher net payments for purchases of ships. In contrast, the net oil import bill as well... by 16.1 percent to 2.24 billion euros is due to lower net interest payments. In addition, the decrease
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Credit down by 3.2 pct in Oct for lowest contraction since Dec 2011
EconomyMacroeconomy) to 212.53 billion euros. Monthly net deductions continued unabated since July 2012. They fell to 237... in 2014. The negative loan flow in October is fully attributed to household lending net deductions of 355 million euros, while corporate lending recorded net additions of 209 million for the first time
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Greek current account deficit widens by 32.4 pct in November despite services surplus
EconomyMacroeconomygovernment net receipts from the EU. In contrast, the services’ surplus rose by 128 million, while... in the trade deficit reflects higher net oil import bill largely offset by lower net payments... higher net payments for purchases of ships, while the net oil import bill posted a slight rise
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Greek stock market loses 1.8 pct in week of mixed messages, Q1 results
Economynet profit of 11.9 million (+12.7 percent) led by a double-digit rise in sales by 11.5 percent... in line with market estimates. OPAP's Q1 results showed net profit reached 58 million up 16.9 percent.... On Wednesday, Mytilineos posted a strong growth in Q1 net profit by almost 50 percent to 22.8 million
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Current account surplus at 407 mln in May - first positive balance since Sept 2014
EconomyMacroeconomyto lower net oil import bill largely on account of a temporary shutdown of Aspropyrgos refinery... 11.8 percent YoY. According to BoG, lower net payments for purchases of ships and lower net oil...) was slightly offset by declining net transport receipts. In the 5-month period, travel receipts
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Rate of credit contraction edges up to 1.6 pct in Oct
EconomyMacroeconomyin September, Bank of Greece (BoG) figures showed on Thursday. The net lending flow remained negative for the fourth straight month, with net deductions rising to 412 million euros in October from 293... to 96.52 billion euros. Net deductions increased to 224 million from 51 million in September. Since
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Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln
EconomyMacroeconomysince June with net additions of 61.7 million euros in November from deductions of 307.8 million in October. The positive flow is entirely attributed to corporate sector net additions of 282.9 million mitigated by net deductions of 208 million in the household lending sector. Following the modest net
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Credit contraction accelerates to 1.3 pct in June on loan deductions of 206 mln
EconomyMacroeconomy, the outstanding balance fell further to 190.79 billion euros. Moreover, the net lending flow stayed negative for the second straight month, albeit with lower net deductions of 205.8 million from 395.1 million in the previous month. The negative flow in June reflects net deductions of 132.4 and 97.7 million
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agoracore banks posted net loss at the bottom line largely due to one-offs, higher provisions and seasonally increased operating expenses. Starting from the top line, net interest income (NII) rebounded 0.9... the cost of the voluntary redundancy schemes they plan to be implement in 2016. Asset quality
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Lower bad loan provisions and increased write-offs for Greek banks in Q2
Economyfocus remains on the asset quality trends as well as on the evolution of net interest income.... As a percentage of net loans, provisions remained nstable quarter on quarter (QoQ) at 21.7 percent in Q2.... The latest BoG figures on loan quality displayed the non-performing exposure (NPE) ratio edged up
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