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Greek deposits slip in October as credit also contracts by 3.9 pct
EconomyMacroeconomy, with balances reaching 160.38 billion euros, according to the Bank of Greece (BoG). Net flow remained negative... million in September. The monthly flow reflects sight and savings net deductions at 439 million... on increased net deductions at 937 million in October from 568 million in September. October’s
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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomy). Net inflows stood at 2.35 billion in December from 394 million in November. The positive flow... performance led the net flow for whole year turning positive to 2.24 billion in 2013 from outflows... month on month (mom) for the ninth consecutive month on net deductions of 173 million in December from
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Credit contracts by 4.1 pct in March, loans down by 3.4 pct
EconomyMacroeconomy, according to the BoG. Loan balances slipped 0.4 percent MoM for the twelfth successive month with net... net flow reflects corporate and household lending net deductions of 405 and 312 million.... Monthly net deductions remained flat MoM for the third straight month at 312 million. In particular
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingNational Bank’s reported net profit reached 1.15 billion euros in the first half (H1) of the year... to the recognition of additional deferred tax asset (DTA) of 994 million. Excluding one-offs, net profit landed at 109 million in H1 from 311 last year, down 65 percent. On a quarterly basis though, Q2 net profit
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Credit in Greece contracts by 3.5 pct in August
EconomyMacroeconomypercent month on month (MoM) to 213.53 billion. Monthly net deductions fell to 478 million euros in August, which is the second lowest reading so far this year. In July, net deductions stood at 1.16... straight month. Net deductions eased to 263 million euros in August from 322 million in July
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Contraction in Greek credit eases slightly to 3 percent in November
EconomyMacroeconomymonth by just 109 million month on month (MoM) to 212.42 billion. Monthly net deductions also dropped... in November is primarily due to household lending net deductions of 159 million, while there were net... to 97.32 billion euros. Net deductions more than halved to 159 million in November from 355 million
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Greek bank credit contracts by 2.5 pct in March
EconomyMacroeconomyreading since November 2011. However, the monthly flow turned negative with extended net deductions of 639 million euros from modest net additions of 74 million in February. The negative flow in March is almost equally split between household and corporate net deductions of 328 and 303 million
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Greek credit contracts by 2.4 pct in April for slowest drop since 2011
EconomyMacroeconomyOctober 2011. The monthly flow remained negative for the second straight month with net deductions easing... fell at a decelerating pace by 2 percent to 101.73 billion. Net deductions slipped to 261 million..., the year to date net flow shows net additions of 198 million. The contraction of loans to sole proprietors
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Bank credit eases 1.6 pct in August on slightly accelerating negative flow
EconomyMacroeconomy) with household lending net deductions at 267 million. The segmental breakdown displayed corporate lending rate... reading in the 8-month period with the year to date figure remaining slightly positive pointing to net.... Since the beginning of the year, net deductions in this segment reached 77 million with an overall
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Greek stocks slip 0.4 pct during week
EconomyPiraeus reported net loss of 37 million in the first quarter (Q1), while core pre-provision income (PPI) improved by 14 percent quarter on quarter (QoQ) on the back of net interest income (NII) rebound and cost containment. In contrast, NBG posted net profit of 81 million in Q1 with core PPI rising by 21
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