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  1. NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
    Photo by MacroPolis

    EconomyBanking

    , Greek lending spread fell 7 basis points (bps) QoQ resulting in lower loan NII. For the whole year... in Q4 and further to 23.4 billion on March 10. The current figure incorporates ECB funding of 12.5

    13%
  2. Newsletter 68 - 01/04/2016

    Newsletters

    of understanding, while the government has proposed an increase in the tax rate on dividends from 10 to 15... intends to pay state arrears of 7 billion euros to the private sector by the end of the year

    13%
  3. Greece seeks to finalise 1 pct of GDP in new tax measures to close review

    EconomyMacroeconomy

    to yield any meaningful result since the current taxes stand at 100 million on an annual basis. 7... 10) Imposition of levy on cars with foreign number plates, with estimated revenues of 15 million

    13%
  4. Budget primary surplus of 2.68 bln in first quarter, but March trims outperformance

    EconomyMacroeconomy

    time, interest payments rose by almost 10 percent to 2.46 billion, marginally above target of 2.43... of target. PIB expenditure increased by 7 percent in the 3-month period to 580 million, 80 million

    13%
  5. Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
    Photo by MacroPolis

    EconomyBanking

    billion in Q4. They rose 7 percent from last year. As a result, loan loss reserves reached 17.4... for a 10 billion return of deposits in the Greek banking system by the end of year, with Piraeus expected

    13%
  6. Net profit of 87 mln for NBG in Q1
    Photo by MacroPolis

    EconomyBanking

    for funding. Operating expenses fell 7 percent QoQ and 2.2 percent year on year (YoY) to 309 million... for the second straight quarter, while that for small business loans edged up to 10 million. Overall, the NPL

    13%
  7. Greek stocks slip 0.4 pct during week

    Economy

    billion and EBIDTA increased by 10 percent to 345 million. Aegean Airlines recorded net loss of 21.5... to 293.7 million and EBITDA improving by 7 percent to 71 million. Marfin Investment Group (MIG) sales eased

    13%
  8. Encouraging signs for Greek banks in Q1 results but NPL management looms large
    Photo via Flickr https://flic.kr/p/4hVnhM

    Agora

    in the course of Q1 to 10 billion, which also entails lower fee expense since banks pay a fee of 115 basis... pool has been trimmed by 7 billion euros QoQ to 110.6 billion, while their liquidity buffer has been

    13%
  9. Commission sees lower Greek financing needs, provides timetable for course of programme

    EconomyProgramme

    10 billion was approved for bank recapitalisation, of which 5.4 billion were disbursed in ESM notes... of 31.5 billion, clear arrears up to 7 billion and building state deposits by 5 billion at the end

    13%
  10. Current account deficit narrows to 822 mln in April

    EconomyMacroeconomy

    transport receipts. In addition, travel surplus fell by 10 percent to 279.6 million in April as travel receipts fell by 7 percent to 443.3 million with non-residents’ arrivals down by 3.5 percent

    13%