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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingto around 70 million in Q1, after a negative figure of 100 million in the previous quarter. However, NPE... and liquidations (4.5 billion). Selected sales are seen at 2 billion. P&L Net interest income (NII... increased by 2 billion QoQ to 8 billion in March, at a cost of -7 bps. The bank said it participated
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European Commission keeps DSA broadly same, stresses need for relief
EconomyProgrammedevelopments. Inflation is seen at approximately 2 percent from 2014, which brings the nominal long-term..., with Greece already having paid back 2 billion euros from the sale of Finansbank by National Bank... percent in 2020. The ratio deescalates further to 127.2 percent in 2030 and below 100 to 96.4 percent
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBanking, the figure declined by 0.9 percent for the group and by 2 percent for Greece. As a result, the cost... percent to 750 million, with a cost of risk of 2 percent versus 1.96 percent in 2016. As management noted... by 100 million euros. Greek deposits increased by around 300 million QoQ to 24.6 billion, while
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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBanking(-2 million). Overall, the NPE ratio stood at 45.5 percent at a group level, with the NPE coverage... operating expenses rose by 1.1 percent QoQ to 270 million, declining by 2 percent YoY to stand... billion euros QoQ. Loan balances in Greece stood at 42.1 billion euros, declining by 2 billion QoQ
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingYoY. In the 9M period, NII came to 1.07 billion euros, higher by 2 percent YoY. Management noted..., reflecting a fall of 2 percent YoY and 3 percent QoQ. The cost-to-income ratio stood at 51 percent... at 800 million at the end of Q3 2019, down by 2 billion YoY. The bank fully eliminated ELA funding
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New pension system, lower primary surpluses among govt targets for 2020
PoliticsGreek Politicsfor supplementary pensions will be 100 euros per month. A senior ministry source told Ta Nea... creditors to reduce the fiscal target from 3.5 pct of GDP to between 2 and 2.5 pct. The government... forecast which put it at 2 percent, and the institutions and foreign banks which put it at 1.8-1.9
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Newsletter 273 -13/11/2020
. On Wednesday, Health Minister Vassilis Kikilias announced that 100 more ICU beds would be added... in the third quarter and for an amount of up to 300 euros. 2 Employment balance negative by 33,356...-on-year (YoY) in October compared to a decline of 2 percent seen in September, Hellenic Statistical
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Productivity developments in the Greek public and private sector
Agoratheir own productivity based on GVA produced per government employee.[2] These data can... numbers of real GVA per employee are shown in Figure 1 (index Q1 2001 = 100), together... to the same quarter of a year earlier (to avoid seasonality). Figure 2 shows the growth rates for the economy
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Newsletter 44 - 25/09/2015
on the new fiscal measures that will be in the 2015 budget and liberalising the product market. Given... for a milder recession in 2015 of between 1.5 and 2 percent, compared to the official forecast of 2.3 percent.... Surplus up, revenues short Greece’s budget primary surplus rose to 3.8 billion in the 8-month
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General government primary cash surplus widens notably to 5.14 bln at end of Nov
EconomyMacroeconomyin the state budget primary surplus, which almost doubled to 3.6 billion this year. Local governments recorded... stock. The outstanding balance stood at 715 million euros at the end of November, with state budget... period. The government has initially indicated that a part of the last two sub-tranches of 2 and 1
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