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Capital controls to ease further from the beginning of September
EconomyMacroeconomySeptember 1 as part of government moves to further relax the capital controls in place since 2015..., or 1,680 across a total of 28 days. Additionally, from September 1, it will be possible to withdraw up... ceiling for Greek banks by a further 1.6 billion to 38.9 billion until September 7. However, a BoG
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBanking) and to a lesser extent in consumer loans (-7 million), while positive formation was recorded... the domestic core banks. Capital The Common Equity Tier 1 (CET1) ratio stood at 16.5 percent in Q2, while... and liquidity by around 80 bps and 1 billion respectively. The positive impact on capital stems
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EC upbeat on reforms paying off, as long as they continue
EconomyProgramme-free threshold closer to the European average. The package intends to deliver 1 percent of GDP savings... to up to 750,000 people, 7 percent of the Greek population. It costs 750 million euros annually... to the recapitalisation in late 2015, banks are now capitalised with an average Core Equity Tier 1 ratio of 17 percent
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBanking, impairment losses also declined by 13.9 percent to 1 billion, while the cost of risk fell to 172 bps from... Assistance (ELA) funding was reduced by a total of 6.2 billion since December 2016 to 7 billion in December... to around 50 percent. Capital The Common Equity Tier 1 (CET1) ratio stood at 18.3 percent, up by 51
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Newsletter 162 -18/05/2018
laid out for the coming years would be applied as initially intended, which means that the 1 percent... to pensioners just before the pension cuts take effect on January 1. According to Energy Minister...’ repayment of 464 million euros, of which 7 million were paid in April. The overall cash balance posted
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Newsletter 169 -06/07/2018
, 30 or October 7. Then, his government will have to get parliamentary approval for the changes... of not having to implement the cuts, which aim to reduce pension spending by 1 percent of GDP, might... by 2020 and a marginal deficit of 0.1 percent of GDP in 2019. Prices will grow on average by 1
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General govt primary cash surplus at 2.82 bln in July, arrears unchanged
EconomyMacroeconomyperiod, rising by 443 million (1 percent) to 43.03 billion in the first seven months of the year... 7 percent of the total. In the year-to-date, repos have risen by 8.54 billion euros. Bank of Greece lending was largely unchanged and came to 2.38 billion euros, or under 1 percent of the total
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Travel balance up by 1.4 pct in August as EU arrivals jump by 17 pct
EconomyMacroeconomypercent YoY to 10.35 billion euros. Average expenditure per trip edged down by 1 euro, or 0.2 percent... under 7 million. Arrivals from outside the EU rose by just 0.1 percent to 6.1 million. In total... fell by nearly a quarter to 261.1 million. Receipts from cruises increased by just under 1 percent
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Retail turnover rises by 0.5 pct in Dec, with 2018 average increase at 2.1 pct
EconomyMacroeconomyfuel (+2.7 percent) and supermarkets (+1 percent). Drops were seen in pharmaceutical products and cosmetics (-7 percent) and books, stationery and other goods (-5.1 percent). The volume increase...). The monthly seasonally adjusted (SA) retail sales index in December fell by 1 percent and came to 101.3
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PDMA releases details of 10-year bond, highlighting strong interest
Economywell during its first month of trading and since issuance the yield has dropped by nearly 1 percentage point, 80 basis points. The Greek authorities, following Moody’s upgrade by two notches on March 1... executed roughly 70 percent of its annual issuance strategy with a goal of 7 billion euros
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