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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBanking)s grew by 290 bps to 50.5 percent. Provisions stock over NPEs increased by 510bps to 55.5 percent. The impact on the bank’s tangible book value is estimated at around 800 million, after tax, while... and business targets in 2017. Looking to 2018, he commented on the positive developments in Greece’s
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IFRS 9 provisions required by banks in line with expectations
EconomyBanking. The announcement in two months will provide a complete picture of the sector’s health and the need... and for Eurobank exceeding 55 percent. For Piraeus, the ratio is seen at 52 percent and NBG’s loan loss... of data by Greek lenders, having incorporated the EBA’s guidance with the necessary adjustments
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Progress on new property values but concerns about energy privatisation
EconomyProgrammehave collected around 2.6 billion euros from the property levy and this year’s budget has an identical... on Friday about Greece’s commitment to divest some of the Public Power Corporation’s (PPC) lignite
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Europe, the euro and a leader like Putin: survey reveals mixed views of Greeks in 2018
Society. This year’s survey was carried out between January and February 2018 using a sample of 1,250... by MRB Hellas on behalf of diaNEOsis. When asked about Greece’s participation in the European Union (EU), 67.6 percent of respondents felt that overall, the country’s membership was a positive thing
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Economic sentiment drops in March after reaching recent high, consumer confidence stable
EconomyMacroeconomyThe strong recovery trend in Greece’s economic sentiment (ESI) stopped in March as it dropped.... February’s figure was a strong increase from the 101.9 points recorded in the previous months and the highest since July 2014. March’s reading fell below the 100-point mark, which it had exceeded
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Credit contraction at 1 pct in February on lower household, and corporate lending
EconomyMacroeconomyin the outstanding balance falling to 182.54 billion euros from January’s figure of 182.83 billion euros... the previous month’s decline of 825 million euros. The changes in February come from negative balance.... Consumer credit declined by 26 million in February, while the balance came to 22.17 billion. February’s
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingPiraeus Bank’s fourth quarter (Q4) results showed a net profit of 12 million euros from continued..., the bank can widen the pool of loans originating from the 116 companies, to increase the portfolio’s value... on the bank’s Common Equity Tier 1 (CET1) ratio. NPE coverage was seen at 52 percent and NPL coverage at 83
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General govt primary cash surplus at 3.26 in Feb, arrears up by 237 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus amounted to 3.26 billion in the first two... Ministry’s (MoF) monthly gg bulletin. The largest improvement was noted in the extrabudgetary central.... Local government recorded a surplus of 231 million euros, up from the previous month’s figure of 84
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Working-class homes or millionaires' mansions - what's going under the hammer in property auctions?
EconomyFeaturesduring SYRIZA’s first term, the two have found common cause in anti-auction protests, where... foreclosed properties in the course of 2018 as part the latest agreement with Greece’s creditors... premises, or second homes in resort areas. In other cases, the owner’s address is different from
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Greek hourly labour costs less than half of eurozone average
EconomyFeaturesthe European Union’s member states and the eurozone in general. Labour costs consist of wages and salaries... to 2008), Greece came in at 10th place in developed economies in terms of increases in the country’s... by the IMF’s figures, is that in the period from 2008 to 2016, men exited the job market, while women joined
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