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Led by lending to corporations, June credit growth of 4.5 pct is highest in a decade
EconomyMacroeconomyCredit movement in the Greek private sector picked up pace in June, rising by 4.5 percent year-on-year (YoY), from 3.3 percent in May, and 2.8 percent in April, Bank of Greece (BoG) figures released..., taking the balance to 30.31 billion euros. Consumer credit was up by 64 million euros, to 8.81
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Assisted by trading gains and cleaner balance sheet, Eurobank books 760 mln profit in H1
EconomyBankinginstruments, was up to 572 million euros in H1, from 45.3 million in H1 2021. Operating expenses increased... ratio was 14 percent in H1, up from 13.6 percent in the previous quarter.
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Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021
EconomyBankingPiraeus Bank posted a net profit of 614 million euros in the first Half (H1) of 2022, from losses of 2.45 billion euros last year, due to 3 billion euros in clean-up impairments in H1 2021. In H1 2022, clean-up impairments stood at 269 million euros Asset quality The NPE ratio at the end of H1
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Balance of payments shows shipping on course for bumper year, but economic benefits unclear
EconomyFeaturesof transportation receipts. It made up 85 pct of the sector’s receipts pre-pandemic, in 2019. At the time... in receipts of 17.2 billion euros in 2021, up from 12.5 billion in 2020, and close to the biggest year
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Spying scandal triggers high-level resignations, serious questions for government and PM
PoliticsGreek Politics, in what is shaping up as the biggest scandal yet during Kyriakos Mitsotakis’s tenure. Although New... and transparency that reach all the way up to Prime Minister Kyriakos Mitsotakis. The two officials
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Growth of industrial production accelerates to 8.4 pct in June, highest rate for 2022
EconomyMacroeconomyin mining and quarrying. The monthly movement was led by electricity supply, up by 11.4 percent, while manufacturing was up by 1.2 percent and mining increased by 6.4 percent. Water supply dropped by 0.2
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Budget primary balance beats target by 4.64 bln in July on back of impressive tax performance
EconomyMacroeconomyThe budget primary balance up to July 2022 came to a deficit of 1.17 billion euros, compared to a deficit of 9.06 billion euros in the same period last year, according to the preliminary Finance... came to 3.15 billion euros, 758 million euros above target. Expenditure Up to July, overall
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Imminent parliamentary clash over phone-tapping puts PM on alert
PoliticsGreek PoliticsGreece’s politicians are gearing up for the first head-on clash over phone-tapping next week, which is forcing Prime Minister Kyriakos Mitsotakis to be on his toes for potential dissent within his... rising in significance during the cost-of-living crisis, exacerbated by no let-up in the rise
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Another strong rise for industrial turnover in June as petroleum products drive 43.1 pct increase
EconomyMacroeconomy, with the mining and quarrying index also up by 4.4 percent. Manufacturing turnover increases were recorded in coke... by 45.6 percent, while the non-domestic market was up by 39.1 percent. In the domestic market
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First head-to-head clash over spying scandal in Parliament fails to deliver decisive blow
PoliticsGreek Politicsof politicians. He called on the opposition parties to work with the government to draw up a suitable... no signs of wanting to give up the pursuit of the issue. Friday’s debate left enough room for both
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