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Newsletter 118 - 12/05/2017
, Tzanakopoulos described the court as issuing a “non-binding opinion” rather than a “ruling”. He also said... funding drops for 22nd straight month Greek banks’ funding down 67.43 billion from peak of 126.57 billion Greek banks’ Eurosystem funding continued to drop for the 22nd successive month in April, albeit
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBanking-binding bids must be received by December 10, and binding bids by the end of February. The bank hopes... return to profitability. Eurosystem funding Eurosystem funding in Q3 stands at just 2.3 billion... ) funding. NBG remains the only core Greek bank that is off ELA while retaining a liquidity buffer
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Privatisation chief sees gradual progress but revenues remain unclear
Economyof the binding bids for Piraeus Port (OLP) would be set at the end of November or early December... that the deadline for the binding bids for Thessaloniki Port (OLTH) would also be extended by more than a month... to announce the binding bid dates for OLP and OLTH by the end of October. HRADF holds a 74.14 percent stake
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HRADF development plan lays out list of actions pending for privatisations
EconomyFeaturesfor the submission of binding offers for the 35-year concession is 21 February 2020. This date... to the project. The original binding offer deadline was in February 2019 before it was extended... teams in October 2018 and March 2019. Based on their findings, subconcessions of commercial operations
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Newsletter 81 - 08/07/2016
Stato Italiane, submitted a binding offer for the sale of a 100-percent stake in rail operator TRAINOSE, while there were no binding offers Italy's Ferrovie was the only company to submit a binding offer...) with ECB funding. The rating agency also reiterated that expects Greek GDP to contract 0.9 percent
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingof denounced NPEs in the remaining portfolio to roughly 30 percent. Binding offers have been received...-binding offers have been received for the Cairo portfolio, management noted. P&L NII fell by 2.9... loss provisions fell by 1.5 percent. Balance Sheet Eurosystem funding declined by 700 million euros
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingnon-binding offers for the Galaxy securitisation. Binding offers are expected to be submitted... affected by the repricing of time deposits, improved funding mix and cost, as well as higher... at 12.7 million in Q2 2020. Balance Sheet At the end of June 2020, Eurosystem funding increased
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ND courts youth vote with targeted pandemic relief, recovery schemes
PoliticsGreek Politicssaying they intend to get inoculated against Covid-19. Less encouraging have been recent survey findings... than older age groups with the direction that the country is heading in. Such findings, along..., however Greece still lacks a legally binding plan for reducing greenhouse gas emissions.
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NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007
EconomyBankingsuch transaction by a Greek bank since 2007. NBG raised medium-term funding of 300 million euros from... aims to diversify the bank’s funding sources and facilitate future market access reducing at the same time its reliance on the Emergency Liquidity Assistance (ELA) funding. From the peak of around 18
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingannounced that it had entered into a binding agreement with Hoist Finance AB for the disposal... euros. Funding cost deescalation continued in Q3 2018, driven by reduced ELA reliance as well... in wholesale funding cost is expected in Q4 2018 as ELA approaches full elimination. On an aggregate
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