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Greek credit contracts by 4 pct in Jan, NPLs rise to 31.2 pct in Sept
EconomyMacroeconomyfor the tenth consecutive month on increasing net deductions of 576 million, from 173 million in December. January’s negative flow mainly reflects household and corporate lending net deductions of 306 and 268... in January with balances easing to 100.46 billion. Monthly net deductions rose to 306 million from 139
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Greek credit contracts again in April but at slightly lower rate of 3.7 pct
EconomyMacroeconomyof Greece (BoG). Monthly net deductions slightly slipped to 674 million in April from 729 million in March.... Monthly net deductions dropped to 182 million from 322 million in March. In particular, housing loan balances fell 3.3 percent to 70.82 billion with monthly net deductions at 145 million. Similarly
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Greek primary cash surplus reaches 1.8 bln in H1 2014
EconomyMacroeconomy. Since the beginning of the year, state arrears have posted a net increase of 591 million, of which 444... are following suit at 790 and 666 million respectively. The year to date net increase of 591 million... a net drop of 71 and 40 million year to date. The bulk of social security funds’ arrears stems from
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National Bank posts 9-month profits of 1.18 bln
EconomyBankingNational Bank (NBG) posted nine-month (9M) net profits of 1.18 billion euros, from 262 million last... (DTA) in the second quarter (Q2). Excluding one-offs for both periods, net profits stood at 220 million from losses of 178 million last year. In addition, comparable quarterly net profits landed at 91
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Monthly credit flow turns positive in Feb for first time since June 2012
EconomyMacroeconomy2011. Monthly flow turned slightly positive for the first time since June 2012 recording net additions... percent year to date to 102.85 billion euros in February, with net additions totalling 762 million.... Balances slipped to 13.6 billion with monthly net deductions increasing to 57 million from just 3 million
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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgrammedetails a series of reforms that are expected to have a minimum net fiscal impact of 3.54 billion (1.9 percent of GDP). This stems from net fiscal revenues of 4.68 billion (2.6 percent of GDP) and net... outcome, the MoF expects the net fiscal impact could reach 4.96 billion (2.7 percent of GDP) fully
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBanking, which is slightly lower than that recorded in Q2 (293.9 million) and Q1 (296 million). Net interest.... As a result, Alpha recorded a net loss of 1.14 billion euros in Q2 from 116 million in Q1, yet the bottom-line result for Q3 was positive with a net profit of 413.6 million, due to the much lower loan
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Credit contraction further accelerates to 2.2 pct in November
EconomyMacroeconomy2 percent in October, Bank of Greece (BoG) figures displayed on Wednesday. The net lending flow... corporate lending slipped to 96.54 billion in November. Net deductions eased to 176 million... with the net lending flow remaining at extremely low levels. Net deductions stood at 25 million
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Current account deficit at 1.22 bln in Nov, down 18.6 pct
EconomyMacroeconomypercent, with exports recording a double-digit drop of 11.3 percent. The BoG said that the net oil... attributed to lower net transport receipts, while travel receipts posted a marked rise of 16 percent... in the 11-month period is attributed to lower net transport receipts. In contrast, travel receipts grew
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Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015
EconomyMacroeconomyimports decreased by 5 percent. The decline in the services’ surplus is primarily attributed to lower net...’ surplus by 6.9 percent in 2015 is attributed to lower net transport receipts amid capital controls... in 2015. The financial account under direct investment recorded a net rise by 154 million in December
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