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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBanking, in net loans by 3.14 billion and in bonds and stocks by almost 3 billion. The non-performing exposure... billion, almost 1 billion above the respective figure a year ago and mostly relate to denounced loans... respectively. Starting from a fully-loaded Common Equity Tier 1 (CET1) ratio of around 17 percent
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General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion.... Therefore, we conclude that despite the decline in past years’ arrears, around 1 billion of new arrears were... by payments to the IMF of almost 3 billion and a rise in repos by 1.36 billion. Moreover, the debt
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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgramme, additional bank recapitalisation needs of 10 billion, privatisation proceeds of 3 billion by 2018... by 4 bps for every 1 percentage point decline or rise in the debt ratio, but in any case... with weaker than expected policies resulting in lower primary surpluses of 1 percent of GDP
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Greece and lenders trap themselves over labour reforms
Agorameasures that the lenders are demanding: A 1 percent of GDP reduction in the tax-free threshold for personal incomes and another 1 percent of GDP cut in pension spending. Also, it might... may have exceeded 3 percent of GDP against a target of just 0.5) to show that this figure can
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Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
EconomyMacroeconomya nosedive in the rate for loan amounts above 1 million euros by 83 bps to 3.89 percent, its lowest...) to 5.17 percent and for amounts between 250,000 and 1 million euros (-22 bps) to 4.79 percent... a fixed maturity (mostly credit cards) edged up 3 bps to 14.54 percent. The housing loan rate rose
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Greece sees highest tax wedge increase among OECD countries in 2016
EconomyThe tax wedge in Greece remained above the OECD average in 2016, when it increased by more than 1... by 1.1 pp until 2016, while the respective OECD average has dropped by 1 pp over this period. It is noted though that the Greek figure peaked at 43.2 percent in 2011. It has declined by 3 pp since
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Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
EconomyMacroeconomyof 1.07 billion in March following a surplus of more than 1 billion recorded in each of the previous two... billion, 678 million above target. The breakdown showed tax revenues rebounded 3 percent in March to 2.77... higher than target. It is pointed out that primary expenditure notably rose by more than 1 billion from
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Athens and creditors get down to details in final stretch of review
EconomyProgrammean increase in spending of 1 percent of GDP in 2019 and tax reductions of 1 percent of GDP in 2020... that the government’s target is to reach a deal on the new measures by May 3
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NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
EconomyBankingat a slower pace, by 200 million QoQ from 900 million in Q4. As a result, NPE stock fell by a total of 3... income (ΝΙΙ) improved 1 percent QoQ to 445 million in Q1 mostly reflecting a rebound in loan NII from... and increasing uncertainty were cited as the drivers. The Common Equity Tier 1 (CET1) ratio edged down
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New overdue tax obligations increase by 754 mln in April, total up to 94.8 bln
EconomyMacroeconomy. Of this year’s amount, almost 3 billion, corresponding to around three quarters of the total, relate to tax categories with one third (1 billion) related to the four key taxes. Taking into account that tax... of collected taxes per month there is another 1 billion of unpaid taxes each month of this year. At the same
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