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Newsletter 152 -23/02/2018
clearance in 2017. The aim is to reduce state arrears, which stood at just over 3 billion euros in January... for this purpose, including the 3 billion euros it raised from the sale of a 7-year bond in January... to a special court that can try the accused once their immunity has been lifted. 2 Central govt debt at 328.70
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Greek banks' NPL selloff gathers speed
EconomyBankingto Sweden’s Intrum. Intrum offered 3 cents on the euro of loan principal sold, which translated into 45... balance comes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros.... The National Bank of Greece (NBG) is proceeding with the sale of an NPL portfolio totalling 3
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingquarters in which NPE formation has declined. The bank reported that YoY, NPEs have been reduced by 3... adoption of the IFRS9 accounting policy for exposures in Stage 3 (1 billion euros). Net fee and commission income fell QoQ by 10 percent (79 million versus 87 million) but rose by 2 percent YoY
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingformation has declined. The bank reported that year-on-year, NPEs have been reduced by 3 billion... or into early 2019, a collateralised portfolio of NPLs from small and medium sized businesses worth 2... of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new and 50 percent rolled over
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Newsletter 181 -2/11/2018
being taken by eurozone finance ministers at the Eurogroup due to take place on December 3... of Article 3 of the constitution, relating to the relationship between the church and the state... show uneven levels of progress, or in some cases an undoing of positive steps. 2 Disposable income
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingby 5.6 billion with negative formations of 2.1 billion and write-offs 3.5 billion, around 2 billion... expenses rose by 3 percent QoQ to stand at 226 million euros. On an aggregate basis, expenses also showed an increase of 3 percent. The increase reflects a rise in consulting fees, with personnel expenses
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General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
EconomyMacroeconomyunderlying categories. T-Bills edged down by 3 million to 15.28 billion (4.3 percent of the total). Bonds showed a slight rise of 2 million to 51.54 billion, representing 14.5 percent of the total. Repos... billion, rising by 3 million, while non-gg entities fell by 1 million. Bank-related guarantees fell
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Newsletter 191 -25/01/2018
to 3 percent last week, have apparently swayed things. Reports suggest that the PDMA will be aiming to raise anywhere between 1.5 and 3 billion euros at a yield of 3.5 to 3.75 percent, helping Athens... euros for the same period last year. 2 Disposable income up 4.1 pct YoY in Q3 Final consumption grows
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Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
Economy-‘. Greece’s debt is 3 notches away from investment grade for Fitch and four notches for the other... in the labour market are starting to be reflected in strong employment growth, which has been running at 2... in the coming years at around 3 percent of GDP. The debt relief package agreed last summer combined
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Athens gearing up for new bond issue amid favourable market conditions
EconomyProgrammesuggesting that a move could be made as early as this week. The options of a 3- or 7-year issue worth 2... loans to Greece are expensive. “Especially for one part, 3 to 4 billion euros, the interest rate
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