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EC reports highlight tight fiscal path and economic challenges
EconomyMacroeconomyThe European Commission published on Wednesday two key reports, one was in the context of the 2023 spring recommendations and the other was the second report of the post-enhanced surveillance period. The post-enhanced surveillance report is now issued twice a year, from once per quarter during
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EU enlargement - a moving target that is moving further away
Agoraachieve results. Someone from the EU usually retorts to this argument by saying "but you need
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBankingPiraeus Bank concluded the first quarter (Q1) reporting season for Greek banks by posting a net loss of 247 million from 700 million in Q4. Lower loss on a quarterly basis mainly reflects a 39 percent reduction in operating expenses, a 29 percent drop i...
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBankingAlpha Bank reported first half (H1) net profit of 267.4 million euros from 3.41 billion last year. The figures are not comparable since the former incorporates deferred tax asset (DTA) of 422 million and the latter the negative goodwill from Emporiki tr...
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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, from 343 million last year. It was the second Greek bank after Alpha, which released Q1 results on August 28. This year’s results include one-off items of...
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankingEurobank reported a net loss of 301.1 million euros in the second quarter (Q2) from 207.4 million in Q1. Excluding loss from discontinued operations (Ukraine) and non-recurring charges, the underlying net loss stood at 186.2 million euros, which was sli...
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingPiraeus Bank reported net profit of 164.3 million euros in Q2 from a loss of 246.6 million in Q1. This quarter’s profitability benefitted from two one-off items: The first relates to the recognition of additional deferred tax asset (DTA) of 200 million ...
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Eurobank reports loss of 186.6 mln in Q3
EconomyBankingEurobank reported a net loss of 186.6 million euros in the third quarter (Q3) from 301.1 million in Q2. This quarter’s results incorporate a one-off positive impact of 168.1 million fully attributed to the recognition of additional deferred tax asset (D...
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Alpha Bank reports lower losses of 115.8 mln in Q1 2015
EconomyBankingAlpha Bank reported lower quarter on quarter (QoQ) net losses of 115.8 million euros in the first quarter (Q1) of 2015, from 440.2 million in Q4 2014. The improving bottom-line result mainly reflects lower operating expenses and impairment losses. Core ...
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingNational Bank (NBG) released its third-quarter (Q3) financial results on Monday, which showed net losses eased to 401 million euros from 1.61 billion in Q2. Bottom-line results reflect almost halving pre-provision income (PPI), a sharp drop in loan prov...
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