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A closer look at the composition of Greece's bad loans
EconomyBankingat 15.2 billion. In addition, housing and consumer credit NPEs amounted to 28.1 and 15.2 billion respectively. A more detailed analysis of the credit risk showed that the ratio of loans... credit, 482,000 to housing and 425,000 to corporate NPEs. The report also provided a number
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World Bank sets out savings Greece can make from streamlining welfare benefits
EconomyProgrammeinclude elimination of the tax credit for medical deductions and the 1.5 percent tax credit... credit to 1,600 euros (from 1,900 euros currently) with estimated savings of 1 billion euros (0.6 percent of GDP). The World Bank notes that the 300 euros difference from the original tax credit
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Debt relief, MTFS and return to bond markets on agenda after technical agreement
EconomyProgrammeof 188 million, elimination of the personal income tax credit for medical expenses (121 million), elimination of the tax credit of 1.5 percent on tax withheld from salaries and pensions (68 million... in the conclusion of the second programme review. Moody’s Meanwhile, Moody’s said in its credit outlook
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Moody's upgrades Greek rating to 'Caa2', changes outlook to positive
EconomyMoody’s upgraded Greece’s credit rating by one notch to ‘Caa2’ from ‘Caa3’ on Friday evening. It also changed the outlook to positive from stable, in its scheduled credit rating review... still remains the highest credit rating among the three major rating agencies. Moody’s new rating
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Newsletter 137 -27/10/2017
. Credit contraction eases to 0.8 pct in Sept Deductions in housing loan sector totalled 141.8 mln as balance fell further to 59.44 billion euros The pace of credit contraction in the Greek market eased... sector. Credit to non-financial corporations was positive by 61.4 million euros, which eased
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Newsletter 157 -30/03/2018
. Credit contraction at 1 pct in Feb Monthly figure driven by lower household and corporate lending Credit contraction in the Greek market deepened by 1 percent in February from a contraction of 0.8... lending sector (-233.2 million) as well as in the household lending sector (-139.7 million). Credit
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Newsletter 164 -01/06/2018
indicator improved substantially in May by 15.7 points to stand at -39. Credit contraction deepens to 1.9 pct in April Outstanding balance below 180 billion for the first time since Jan 2007 Credit... balance deepened by 149.3 million. Credit to non-financial corporations was negative by 731.5
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Newsletter 168 -29/06/2018
be a game changer. Despite this week’s S&P credit rating upgrade, the yield of Greece’s 10-year paper... announced that it was raising Greece’s long-term credit rating to ‘B+’ from ‘B’. S&P were the first..., retail trade fell by 3.8 points and the construction indicator dipped by 8.8 points. Credit
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Fitch upgrades Greek rating to 'BB-', three notches from investment grade
EconomyFitch on Friday raised its credit rating for Greece by two notches to ‘BB-’ from ‘B’, while the outlook was updated to stable from positive. Fitch is now ahead in Greece’s credit score compared.... On the other hand, credit-worthiness will be at risk if fiscal policy is loosened and reforms are reversed
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Greek banks push for return to normality
EconomyBankingis worth around 22.8 million. Liquidity Greek banks are hoping for a positive credit expansion this year in terms of business loans, which would begin to reverse the credit expansion that has been in place since January 2011. The latest figures from the Bank of Greece as of June showed that credit
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