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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
EconomyBankingand 7 billion euros from Sunrise 1. Piraeus intends to have 3.6 billion euros of NPEs in early 2022... forma for share capital increase of 1.4 billion euros carried out in Q2. Tier 1 ratio was 12.5 pct
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Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
EconomyBankingit was on course to bring the NPE ratio down to 7 percent in mid-2022. To achieve this, Alpha Bank’s... came to 91.3 million euros. Recurring operating expenses rose 1 percent QoQ to 260.9 million in Q2... percent in Q1. At the end of June, the Common Equity Tier 1 (CET1) ratio stood at 14.8 percent, a drop
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Newsletter 314 - 29/10/2021
of new bond issues and 2.2 billion euros of new share capital raises. Alpha Bank and Eurobank issued 1... to 7 billion euros, when Piraeus’s 1.4-billion-euro capital raise and 800 million euros of Alpha Bank are included. For next year, scheduled new bond issues include 1 billion euros through two issues
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Newsletter 323 - 14/01/2022
his TV interview that the second increase to the minimum wage would come on May 1. The minimum wage was raised by 2 pct on January 1 and the conservatives had promised a second increase at some point... primary deficits of over 7 pct of GDP due to the pandemic impact and support spending, Greece has
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SYRIZA zooms in on inflation, pandemic weaknesses to boost popularity
PoliticsGreek Politicslast week that a second increase to the minimum wage would be adopted on May 1, SYRIZA seems to think... wage to be raised to 800 euros. The 2 pct increase on January 1 took the basic gross monthly salary.... These two were followed by wages and working conditions in a distant third on 28 pct. Only 7 pct
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Newsletter 324 - 21/01/2022
to the minimum wage would be adopted on May 1, SYRIZA believes a public backlash against the increasing cost..., they have called for the minimum wage to be raised to 800 euros. The 2 pct increase on January 1... conditions in a distant third on 28 pct. Only 7 pct of respondents said they can pay their energy
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Alpha books net loss of 2.91 bln in 2021 as balance sheet clean-up intensifies
EconomyBanking-provision income (PPI) for 2021 was 800.1 million euros, from 859.7 million in 2020, down by nearly 7... expenses dropped by 1.5 percent in 2021 to 1 billion euros. Loan loss impairments dropped by 62.1... of the bank’s TLTRO III borrowing allowance. Capital The Common Equity Tier 1 (CET1) ratio for 2021
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Newsletter 337 - 13/05/2022
generators and retail suppliers – made a little short of 1 billion euros of additional profits during.... There was a sizable drop of more than 7 points in April. Consumer confidence continues to deteriorate, falling... that was introduced on May 1. The latest industrial production data for February shows that production
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Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
EconomyMacroeconomyinitial expectations for 2022, exceeding the target by roughly 7 billion euros, mostly on the back... the primary balance to a surplus of 1.62 billion euros, or 0.7 pct of GDP, below the goal of 1 pct of GDP and the total deficit to 4.51 billion euros, or 2 pct of GDP. Interest payments are seen 1
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Newsletter 360 - 25/11/2022
, the conservatives’ 33 pct puts them 7 points ahead of the left-wing opposition, which is on 26 pct. Third... is reflected in the budget in the more modest growth of private consumption and exports, by only 1 pct..., the European Commission also takes a more modest outlook, with growth seen at 1 pct next year
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