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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingby 5.6 billion with negative formations of 2.1 billion and write-offs 3.5 billion, around 2 billion... is the outstanding principal. It encompasses 13,000 loans with collateral of 7,900 properties. The total... coming to 10.6 billion. P&L Net interest income (ΝΙΙ) fell by 1 percent QoQ to 274 million. In 9M, NII
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September revenues drive 9-month Greek primary surplus up to 2.53 bln
Economyto higher revenues by almost 1 billion MoM. The 9-month budget deficit stood at 2.29 billion euros..., which outperformed the monthly target by 84 million, the 9-month figure rose by 1 percent to 36.47..., which rose at an accelerating pace to 1.42 billion euros in August from 1 billion in the preceding
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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgramme. On social security reforms, the MoF reiterates interventions with a total cost in excess of 1 billion euros... by consumption and investment expenditure. Unemployment is seen dropping by more than 1 percentage point... interventions will fetch the anticipated revenues. We highlight the following: 1) Taxation with targeted
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBanking. The total value is 1.6 billion euros, though sources note that in the second phase, the bank can... adoption of the IFRS9 accounting policy for exposures in Stage 3 (1 billion euros). Net fee and commission income fell QoQ by 10 percent (79 million versus 87 million) but rose by 2 percent YoY
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingthe Jupiter portfolio of NPLs valued around 1 billion euros to a consortium of funds managed by Apollo and IFC..., with the NPE cash coverage ratio standing at 47 percent, and total NPE coverage at over 100 percent... of investment banking and brokerage. Recurring operating expenses rose by 1 percent QoQ 274.5 million, falling
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Vital economic legislation lined up as ND seeks compromise over diaspora vote
PoliticsGreek Politicspriorities are on the economic policy front over the coming months: 1) Achieving the fiscal targets, 2... 1 billion euros a few weeks ago, partly as a result of market developments, which saw Greece... it will be clearer if the total amount will be more or less than expected. In his meetings
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Newsletter 350 - 09/09/2022
of the measures. The government is still aiming to trim the primary budget deficit to 2 pct of GDP this year and turn that into a 1 pct of GDP primary surplus next year. This will require a fiscal... put the total amount earmarked for this year at 10 billion euros, with other sources placing
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The Court of Audit's opinion on new pension cuts and its implications
Legalthe compatibility of the cut in question with the articles 2 (1), 5 (1) and 25 (1) of the Greek Constitution which... articles 2(1), 5(1) and 25(1) of the Greek Constitution and article 1 of the First Additional Protocol...According to article 73(2) of the Greek Constitution: “Bills referring to the definite attribution
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Greece lays out plans for debt relief from eurozone
EconomyProgramme50 bps to 1 percent constant for the next 50 years could result in total savings of 25 billion..., corresponding to 23.7 percent of total debt. Of this amount, 27.7 billion relate to Eurosystem holdings... Bills) and is mainly held domestically by banks. In total, the official sector corresponds to close
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Newsletter 10 - 09/01/2015
an overall majority. on the total support for the parties that fail to pass the 3 percent threshold... percent to take 151 seats. If the total support for parties not entering Parliament reaches 10... tax obligations for the month, including an estimated 1 billion for road tax, and instalments
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