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Newsletter 150 -26/01/2018
spring 2014. It also marks the first long-term issue since April 2010 when Greece raised 5 billion... was noted versus the previous month, with the total for those employed standing at 3.8 million. On a year... since October 2011 where the total number of unemployed has stayed below the 1-million mark. The overall
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBanking, also staying negative for a fifth quarter, while in consumer loans, NPE formation was -5 million. NPL.... In total, the management noted that NPE stock fell by 2.5 billion year-on-year (YoY) to 20.1 billion... the total impact for the first year is expected at 16 bps. Capital The phased-in Common Equity Tier 1
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingAssistance (ELA) funding was reduced by a total of 6.2 billion since December 2016 to 7 billion in December... million QoQ to 29.3 billion, driven largely by private deposits (households). On an annual basis, total..., to 14.4 billion euros leading to an increase of the NPE coverage for the group by 5 percentage points
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Still facing pile of bailout tasks, Athens looks ahead to post-MoU actions
EconomyProgrammeSecurity Workers (POPOPK), the total number of pending main and supplementary pensions as well as lump-sum payments was more than 330,000, amounting to a total outlay in excess of 2.7 billion..., that the revenues recorded in the budget for this sale stand at 5 million euros.
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ECB report highlights sluggish Greek economic growth
Economycreated since mid-2013, offsetting the total number of jobs lost during the crisis.” However, crisis... of total loans in 2014 to 5.2 percent in the fourth quarter of 2017. Meanwhile in Greece, NPLs remain... average of 5 percent in 2017, though imports increased by 7.2 percent compared to a rise of 4.6 percent
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PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
Economyis scheduled for June 2024. Greece started repaying the EFF in 2016. Total obligations to the IMF next... years, the IMF is one of Greece’s most substantial creditors. Obligations to the Fund total 7... coupons of 5 to 6.5 percent. The main objective in the PDMA’s plans is to continue improving the terms
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBankingbillion euros’ worth of bad loans, according to reports in the Greek media. Of the total, 25 billion... at a combined total of around 47.6 percent of the loan books at the end of the second quarter, far higher than the European average of less than 5 percent. As Greece tries to woo back foreign investors
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After 2019 budget, lenders turn attention to Greek post-MoU reform tasks
EconomyProgramme-annually until June 2022. Greece expects to receive in total close to 5 billion over the period, meant... amount to just short of 2 billion euros. Out of the bonds total, close to 5.8 billion euros is bonds
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Foreclosure bill undergoing final adjustments to satisfy creditors
EconomyProgrammeis that the applicant’s total savings should be no more than 50 percent of the unpaid loan, which means... this to be brought down to 25 percent. Another condition is that the total value of other property held... will have to wait until the next Eurogroup on April 5 for a positive verdict from its partners. Arrears
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PBO sees fiscal target being reached despite expansionary measures
EconomyProgramme, reaching 4.4 percent of GDP, and the fifth highest overall fiscal performance with a total surplus... the committed fiscal target at risk. The General Accounting Office had estimated the total cost... to be published on June 5. There had been some speculation that the report might not be published due
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