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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingmillion, mainly reflecting lower costs related to pillar II bonds. Net interest income (NII) edged up 1... from 92 percent in the previous quarter remaining the lowest among core banks. The Common Equity Tier 1
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Greece’s embattled commercial steel market industry braced for more challenges
EconomyFeaturesand Chinese steel imports to curb the effect of cheap steel on European prices.[1] The fallout from... blamed on price volatility of raw commodities. [1] https://www.ft.com
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IMF sees primary surplus of 0.7 pct of GDP in 2017, debt ratio peaking at 184.7 pct
Economyof 0.7 percent of GDP, still remaining more than 1 percentage point lower than the programme target... revenues (as a percent of GDP) are expected to drop by around 1 percentage point per annum
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Average loan rate falls by 26 bps, time deposit rate down by 8 bps to new record low in September
EconomyMacroeconomyin the corporate sector in September was recorded in loans for amounts over 1 million euros, where... 250,000 and 1 million euros increased by 23 bps to 5.32 percent. Despite the drop in September
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Second review to resume in Athens under severe time pressure
EconomyProgrammein the 10-month period, the institutions have identified a fiscal gap of 1 billion, according to reports. Part... to 1,600 euros (from 1,900 euros currently) is estimated to result in savings of 1 billion. NPL
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Newsletter 98 - 02/12/2016
at the end of September, 1 percent above the target of 106.9 billion, while the respective ratio stood... index edged up 1 percent month-on-month to 71.9 in September and stands close to its mid-2002 level
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HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBankingbillion, of which 1 billion relates to HFSF participation in the four systemic Greek banks. In specific, the market value of HFSF bank holdings fell by more than 1 billion in the course of the first
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Unemployment rate falls to 23.1 pct in September, lowest since March 2012
EconomyMacroeconomyold) to 46.1 percent and in the 35-44 years old group to 19.1 percent. A smaller decline of 1 pp.... On the flipside, the jobless rate for the older Greeks (55-64 years old) rose by 1 pp to 17.7 percent
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Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
EconomyMacroeconomybps to 5.42 percent, while the rate for loans between 250,000 and 1 million euros declined by 49 bps to 4.84 percent. A smaller decrease of 37 bps was recorded in corporate loans for amounts above 1
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December retail sales seen down 2.5 pct amid tax onrush
EconomyMacroeconomywas burdened by the imposition of capital controls. Overall, private consumption rose by 1 percent... in the VAT rate from 23 to 24 percent (implemented as of July 1, 2016) (218 million) and higher contributions
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