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Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct
EconomyMacroeconomyof 0.61 percent. Overall, the weighted average rate on total new deposits slipped marginally by 1 bp... in March was a sharp drop by 90 bps in loans for amounts over 1 million euros to 3.93 percent from 4.83 percent in March. In addition, the rate for amounts between 250,000 and 1 million euros fell
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingbillion in Q4. They rose 7 percent from last year. As a result, loan loss reserves reached 17.4... in the previous quarter. The management reiterated its target for a negative NPL formation of 1... to loans and other (15 billion), while the cash value of the used pillar II bonds stood at 1 billion
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Net profit of 87 mln for NBG in Q1
EconomyBankingand reduced operating expenses. In more detail, net interest income (NII) rebounded 1 percent QoQ... for funding. Operating expenses fell 7 percent QoQ and 2.2 percent year on year (YoY) to 309 million... by 1 billion in 2017, while the NPL ratio is seen down to mid-teens in the medium-term
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomyanticipated impact of 2.45 billion relate to: 1) Income tax reform (716 million) 2) Change in rates... (439.6 million) 4) Increase in the VAT rate from 23 to 24 percent, implemented as of July 1, 2016... million) 6) Income tax on corporate cars (91 million) 7) Tax on coffee (62 million) 8) Tax on fixed
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Newsletter 149 -2/02/2018
by 0.5 percent and grow by 1 percent in 2020. Commercial real estate will grow by 0.3 percent each... debt now stands at 12.93 billion euros. This represents a decline of 7 percent against the figure... volume falls by 2.9 percent after a revised drop of 1 percent in October Greece’s retail sales fell
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Eurobank net profits at 34.5 mln in Q1
EconomyBanking, also staying negative for a sixth quarter. An increase in NPE formation of 7 million euros was noted..., the decline was -62 million, followed by small businesses (-12 million) and consumer loans (-1 million... not been serviced for around 5 years, coming to a total of 1 billion which the bank aims to sell
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingby 9.1 percent QoQ to 267.8 million, declining by 1 percent YoY. The cost to income ratio came... was reduced from 7 billion ini Q4 to 4.8 billion in Q1, declining again to 3 billion in May. ECB... by 1 billion QoQ to 35.9 billion at the end of Q1, increasing by 2.8 billion YoY. On a domestic
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Newsletter 186 -07/12/2018
to a report in To Vima weekly last weekend, Greece will look to raise 7 billion euros from the markets... in coming years Greece’s seasonally adjusted (SA) GDP grew by 1 percent quarter-on-quarter (QoQ... from 4.76 million in August. GDP growth of 1 pct seen QoQ in Q3 In current prices, the increase YoY
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General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
EconomyMacroeconomyfunds (+45 million) and state budget (+7 million). Since the start of the year, total arrears have... (+1 million). At 30.5 percent, arrears of SSFs made up the majority of arrears during the month... and came to 2.38 billion euros, or under 1 percent of the total. Guarantees The stock of gg
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Newsletter 197 -8/03/2019
ministers will not be in a position to give the green light for almost 1 billion euros in debt... strategy, which had a baseline scenario of raising 7 billion from new debt issuances. The yield... to revised data, the increase in the first, second and third quarters of 2018 was 0.3 percent, 1
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