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General govt primary cash surplus at 1.98 bln in March, arrears rise by 62 mln
EconomyMacroeconomyfunds (-4 million). Increases were noted in hospitals (+237 million) and local governments (+47... of the total. Bank of Greece lending edged down by 1 million in March and came to 2.38 billion, representing under 1 percent of the total. Guarantees The stock of gg guarantees fell by 122 million
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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBankingon the net loss of 1 million euros noted in Q4 2018. The net profits in Q1 2018 stood at 65.2... 2019 compare to 2.7 billion a year ago, a rise of 4 billion euros. ECB funding stood at 3.1 billion... percent in Q4 2018. Capital The Common Equity Tier 1 (CET1) ratio stood at 17 percent, down by 41 bps
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingyear came to 196 million euros. Net interest income (NII) rose by 1 percent QoQ to 360 million... percent in Q4. P&L As mentioned, NII stood at 360 million euros, showing a rise of 1 percent QoQ... its 4 billion euro ECB eligible covered bond pool. As a result, the interbank repo balances have
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Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
Economy, Greece could issue 26-week T-bills just short of 1 percent with the eight issues of this duration... for the 52-week T-bills, which closed 2018 with a yield of more than 1 percent, to drop under 0.5 percent... just over 4 percent of the total debt composition, totalling approximately 15 billion euros
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Support for euro grows in Greece, strong mistrust of EU easing
Societysurveyed. This level has dropped by 4 pps in the latest survey compared to the autumn 2018 survey. Greeks... (+1 pps versus autumn 2018) and 93 percent saying that it was bad (-1 pps versus autumn 2018). When
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Athens hopes lower bond yields strengthen case for reducing fiscal targets
EconomyProgrammeof the official sector debt from the eurozone are around 1 percent. This has allowed interest payments to average... of a risk-free rate below 1 percent and 380 basis points (bps) risk premium for Greece. Over time... between 4 percent and 6 percent as the debt ratio drops and the risk premium is reduced to just 75 bps
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingfrom the bancassurance business. Recurring operating expenses rose by 4 percent QoQ to 267 million... for Eurosystem funding is made up fully of European Central Bank funding. As of Q2, ECB funding rose by 1... percent compared to 104 percent in Q1 2019. Capital The Common Equity Tier 1 (CET1) ratio stood
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingquarter, falling by 1.4 billion euros QoQ. This was driven by sales of NPE portfolios totalling 1.... The negative formation in Q2 came to 1.36 billion euros, which includes 1 billion euros from the ‘Mirror... 40 bps in Q1, while the loan yield came to 368 bps from 373 bps in Q1. Net fee income rose by 4
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Newsletter 224 -18/10/2019
fiscal gap, from around 1 billion euros originally, to zero were fruitful. It appears..., and election campaign goal, of 4 percent. In the Fiscal Monitor published on Wednesday, the IMF... balance turning to a small deficit of 0.3 percent this year, which accelerates to 1 percent next year
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ND and SYRIZA square up as Novartis inquiry gets underway
PoliticsGreek Politicstheir support drop by 1 percentage point since September, but New Democracy is on 38.5 percent, with SYRIZA... percent, MeRA25 on 4 percent and Greek Solution on 3.5 percent. There is still a high level of positivity... taxation, 10 percent identified law and order issues and 8 percent investment. Just 1 percent pointed
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