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Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
EconomyMacroeconomyfrom 2.1 percent in March, Bank of Greece (BoG) figures showed on Tuesday. Net deductions eased to 117 million in April, from 146 million in March, reflecting corporate net additions of 118 million more than offset by household net deductions of 189 million. Since the beginning of the year, the net
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Current account deficit widens to 412 mln in May
EconomyMacroeconomypercent and total exports 4.5 percent. The decline in the services’ surplus mainly results from lower net... coupled with lower net payments for purchases of ships mainly due to capital controls. The marked drop in the services’ surplus largely reflects a nosedive in net transport receipts, also attributed
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Greek stocks climb 3 pct on week, banks post double-digit gains
Economyfrom 22 million in the previous week. Corporate news Alpha Bank posted net losses of 16.8 million... reported a positive bottom-line result for the second straight quarter with net profits at 46.2... this extraordinary item, the bank posted net losses of 26 million in Q2 from profits of 26 million in Q1. Core
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Current account deficit widens to 933 mln in December, 2016 balance turns to deficit of 1.1 bln
EconomyMacroeconomyimports rose by 4 percent. The rise in the services’ surplus is largely due to higher net other services receipts, while net transport and travel receipts increased at a slower pace. Specifically, travel.... The worsening of the primary income account balance is mostly due to lower net receipts from taxes
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Newsletter 125 -30/06/2017
million in the five-month period. Credit contraction accelerates in May The net lending flow turns... of Greece figures. The net lending flow turned negative for the first time since February with net... is the highest negative reading since January, when net deductions reached 885 million. The negative flow
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Credit contraction continues in July with 1.2 pct decline
EconomyMacroeconomyfurther to 189.18 billion euros. Moreover, the net lending flow showed net deductions of 435 million euros from 203 million in the previous month. The negative flow in July reflects net deductions of 163... billion euros while credit to insurance corporations had monthly net increases of 266 million to nearly 7
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Credit contraction eases to 0.9 pct in August
EconomyMacroeconomyfurther to 187.36 billion euros from 189.2 billion in July. Moreover, the net lending flow showed net deductions of 312.7 million euros from 456.1 million in the previous month. The negative flow in August comes as a result of net deductions of 150.4 and 134.1 million in the household and corporate
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A snapshot of the Greek economy
Agoraand the monthly net flow was negative at 1.530 million, compared with a positive net flow of 1.743... 10.4 percent in the previous month and the monthly net flow was negative at 1.788 million, compared with a positive net flow of 4.752 million in December 2018. The monthly net flow of credit
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBanking. National Bank of Greece (NBG) had the strongest profitability, net profits from continued operations came to 253 million euros compared to 48 million euros for H1 2018. Alpha Bank showed net profits... net results of 32 million euros in the period compared to a loss of 58 million euros for H1 last year
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBanking(including the Covid-19 impairment impact of 324 million). Net profits in Q2 came to 82 million versus... million in Q2 from 187 million a year ago, an increase of 52 percent YoY. Net Interest Income (NII... coverage ratio stood at 169 percent in H1 and the net loans to deposits ratio came to 83 percent. Net
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