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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingfor the first half (H1) of the year came to 12.3 million euros. Core pre-provision profit (PPI) rose by 5...), which offset a reduction from period results (-10 bps) and AFS reserves (-9 bps). The bank noted
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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingbps from 377 bps in Q1. Fee income fell by 5 percent QoQ to 59 million, rising by 3 percent... million in Q2 from a positive figure of 25 million in Q1. In H1, the figure showed a 10 percent decline
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PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
EconomyFund Facility (EFF). The amount outstanding is just over 10 billion euros and the last repayment... coupons of 5 to 6.5 percent. The main objective in the PDMA’s plans is to continue improving the terms
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Greek leaders' contrasting visions all a blur
Agorafrom 15 to 5 percent, a 30 percent cut in the ENFIA property tax over two years, reduction... a four-year period. Other estimates have put the figure closer to 10 billion euros. In either case
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBankingare earmarked for sale or securitisation, 10 billion are due to be restructured, and the remaining... than the European average of less than 5 percent. As Greece tries to woo back foreign investors
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Eurosystem funding down to 12.23 bln in September, banknotes rise for second month
EconomyMacroeconomy, with the latest reduction coming on October 10, when the ECB announced that the ELA ceiling for Greek banks would be reduced further by around 200 million euros to 5 billion. Compared to September 2017
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New details reveal what may have led to discrepancy in Athens Airport concession price
EconomyFeaturesand yields on the government’s 10 year bonds reaching 8.4 percent. By 2018, yields on the same bond... pension fund PSP (40 percent) and Copelouzos Group (5 percent). It was during these negotiations
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Appeals over past pension cuts sow confusion about potential fiscal impact of backpay
Economy, while supplementary pensions experienced scaled-up cuts that started from 10 percent to 20 percent... 1,000 euros were slashed by 5 percent, while those above 3,000 euros were reduced by 20 percent
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General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus came to 6.68 billion euros in the first 10 months of the year, up by 311 million euros compared to the same period last year, according...) and local governments (-5 million). Increases were noted in hospitals (+67 million), extrabudgetary
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Newsletter 189 -11/01/2018
and came to 2.58 billion euros after an increase of 10 million in the previous month. Central government.... Industry confidence remained negative for a third consecutive month and came to -5 compared to -3.2
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