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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economyincome by 1 percent QoQ to 597 million. After a drop in Q1, expenses headed north in Q2 increasing by 1..., particularly after the signing of the third bailout agreement in mid August, led to a reduction in the Central... to corporate loans. Eurobank NII rebounded 1.1 percent QoQ to 377.9 million largely led by lower
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Minor fluctuations in deposit and loan interest rates in December
EconomyMacroeconomyin December after a higher drop by 5 bps in November, Bank of Greece (BoG) data displayed on Thursday... average rate of 0.45 percent. Meanwhile a sharper drop in the overnight interest rates for both households and corporates led the weighted average rate on all new deposits down by 3 bps to 0.32 percent
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Deposit interest rates largely unchanged in April, average loan rate increases
EconomyMacroeconomyarea average rate of 0.42 percent. Taking into account a slight drop of 2 bps in the corporate... proprietors remained almost unchanged at 7.24 percent. The combined effect of all those changes led... decrease of 39 bps in the previous two months which led to a new record-low of 4.47 percent in March
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GDP rises by 0.5 pct in Q2 as signs of recovery emerge
EconomyMacroeconomythat led to significant revisions between flash and provisional releases. The GDP expansion in Q2 reflects growth in final consumption by 0.4 percent, mostly led by government spending, combined with solid export growth of 3.8 percent, partially offset by a marginal drop in households’ consumption
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Retail sales fall for second straight month in Oct, with 0.8 pct decline
EconomyMacroeconomyby 1.1 percent in October, entering further into negative territory after a drop of 0.8 percent in the previous month. Equally the first back to back drop in sales volumes since June last year. October’s annual fall in sales was led by the food sector, which posted a 4.5 percent decline in turnover
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Newsletter 231 -06/12/2019
of goods and services. Imports of goods and services showed a YoY drop of 2.9 percent. Final... percent compared to Q2. GDP in Q3 was largely led by a rise in gross capital formation, followed... the month with output the strongest since August. The growth was led by both domestic and foreign client
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Newsletter 272 -06/11/2020
) eight in 10 report a drop in sales, while 65 pct find the support measures of the government inadequate... it painfully evident that complacency following the first wave of the pandemic led to lack... the opposition’s calls for permanent hirings to staff extra ICU units would have led to “millions being
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Newsletter 296 - 14/05/2021
suggested that this immediately led to holiday plans being cancelled, with Portugal – another popular...% of Greeks said they were satisfied with the measures taken to fight the coronavirus, which was a drop... to March, the HICP increased by 0.9 percent. In April, the movement in the CPI on an annual basis was led
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Industrial production drops by 4.5 pct YoY in Apr as electricity supply falls by almost 30 pct MoM
EconomyMacroeconomyStatistical Authority (ELSTAT) data released on Tuesday. After January’s annual drop of 0.6 percent... of declines. Month-on-month (MoM), the index also recorded a solid drop of 9.1 percent, from a rise of 9.3 percent monthly recorded in March. The annual movement in the index was led by falls of 21.7 percent
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Newsletter 349 - 02/09/2022
percentage point drop in support for New Democracy from the last opinion poll earlier in the summer... on prices. This has led to the fiscal cost of containing retail prices for consumers catching... pace since January 2021, while the first redundancies were also noted as reduced production led
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