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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBankingpercent over the last 12 months. These type of settlements in the housing lending sector soared 145... scenarios. The first was based on banks’ restructuring plans projecting a rise in PPI by 12 percent
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BoG report reveals impact on banks’ capital from NPE reduction and loan sales
EconomyBankingscenarios assumed: a) PPI rise of 12 percent and CoR of 1.3 percent and b) PPI increase of 5.5 percent... concludes that denounced shipping loans could be sold at a price of at least 12 percent
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Economic sentiment stays stable at 95.1 in Jan, consumer confidence dives 3.4 pts
EconomyMacroeconomy. It had posted cumulative gains of 23.1 points in the previous two months. Over the last 12 months...). On the flipside, two indicators are down in the past 12 months, namely construction confidence (-7.8 points
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Economic sentiment and consumer confidence deteriorate in Feb
EconomyMacroeconomypoints posted in the previous two months and stood at 1.9 in February. Over the last 12 months... points). In contrast, the services confidence indicator has soared by 19.2 points in the last 12
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PMI falls to 46.7 in Mar on drop in new orders but outlook positive for next months
EconomyMacroeconomymaintain a positive growth outlook for the next 12 months. New orders declined at a sharper pace... remained confident that output would expand over the coming 12 months. Key to this would
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Greece watches closely as Turkey prepares for referendum
PoliticsForeign PolicyGreece (casus belli) if it extends its territorial waters in the Aegean from 6 to 12 nautical miles..." as most islets claimed by Ankara are located within 6 and 12 nautical miles. The demilitarisation
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingPiraeus Bank trimmed its net losses to 6 million euros in the first quarter (Q1) of 2017 from 12 million in the previous quarter. Pre-provision income (PPI) rebounded by 12 percent quarter-on-quarter to 258 million, attributable to a 13 percent drop in operating expenses and offsetting a decline
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Stocks record weekly losses of 0.7 pct in wake of inconclusive Eurogroup
EconomyBank (NBG) posted net profits of 5 million in Q1, while core pre-provision income (PPI) rebounded 12... with PPI improving by 12 percent QoQ to 258 million. The Extraordinary General Meeting of Public
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Athens encouraged by terms for new round of Cyprus talks
PoliticsForeign Policy12 statement of the last Conference.” The meeting highlighted the pivotal role the security issue... to conclude before the first week of July, as France’s Total has scheduled to begin on July 12 its
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Unemployment rate falls to 21.7 pct in April, lowest since Jan 2012
EconomyMacroeconomywhen data was first made available. Over the last 12 months, the jobless rate has been reduced by 1.9... in the 65-74 years old group recorded the smallest decline of just 0.5 pp to 12 percent. The breakdown
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