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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBanking, EFSF/ESM bonds were down to zero by the end of January 2018. Gross loans further contracted by 1... percent in 2017 to 40.9 billion. Total deposits rose by 1 percent annually to 42.72 billion. IFRS 9... on the bank’s Common Equity Tier 1 (CET1) ratio. NPE coverage was seen at 52 percent and NPL coverage at 83
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Athens and creditors place immediate focus on remaining key deliverables
EconomyProgrammeof the tax-free threshold to be carried out next year along with the pension cuts worth 1 percent of GDP... programme. “Triggers for a rating upgrade could include: (1) continued successful implementation of fiscal... to some combination of: (1) a lack of cooperation between Greece and its institutional creditors; (2
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingadoption of the IFRS9 accounting policy for exposures in Stage 3 (1 billion euros). Net fee... Assistance (ELA) funding dropped to 2.1 billion in March, falling by another 1 billion euros in mid May... a Transitional Common Equity Tier 1 capital ratio of 14.5 percent under the “baseline” scenario
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Fiscal issues appear settled as Greece and institutions head for review deal
EconomyProgramme, which means that the 1 percent of GDP in pension cuts will kick in from the beginning of next year... to generate an extra 1 percent of GDP in revenues, should be implemented next year. The Greek... to pensioners just before the pension cuts take effect on January 1. There also seems to have been
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Eurobank net profits at 34.5 mln in Q1
EconomyBanking, the decline was -62 million, followed by small businesses (-12 million) and consumer loans (-1 million... not been serviced for around 5 years, coming to a total of 1 billion which the bank aims to sell...-in Common Equity Tier 1 (CET1) ratio fell to 15.3 percent from 15.8 percent Q4. The bank noted
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingby 9.1 percent QoQ to 267.8 million, declining by 1 percent YoY. The cost to income ratio came... by 1 billion QoQ to 35.9 billion at the end of Q1, increasing by 2.8 billion YoY. On a domestic... and methodological constraints. No capital plan was required. Capital The Common Equity Tier 1 (CET1) ratio
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankinganother package of non-performing loans of small enterprises, totalling roughly 1 billion euros, which... euros. On an annual basis, expenses showed a slight increase of 1 percent. The decline in Q1... from CRD IV. Capital The Common Equity Tier 1 (CET1) ratio stood at 16.5 percent in Q1, which
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Newsletter 164 -01/06/2018
Stability Mechanism will be able to release another sub-tranche of 1 billion euros. In the meantime... contraction in the Greek market deepened to 1.9 percent in April compared to a contraction of 1... sector’s balance was also negative by 1 billion euros, while the household lending sector’s negative
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Apartment prices increase by 0.8 pct in Q2 for first rise since Q4 2008
EconomyMacroeconomyof 2017, the decline in property prices came to an average drop of 1 percent, improving against.... The equivalent change in prices for Q2 2017 came to a decline of 1 percent. Due to capital controls... exposures (NPEs) as of Q1 according to the BoG. Building activity rose by 1 percent in April, which put
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Fiscal matters expected to dominate talks as lenders return for post-MoU check
EconomyProgrammeconfident that there will be an overperformance of between 700 million and 1 billion euros..., Tsipras announced that the government intends to pay out a total of 1 billion euros to members... to be submitted to Greek Parliament on October 1, before being passed over to the European Commission
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