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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agorapercent of the total NPE reduction respectively Core revenues On the core revenue front, net interest..., which showed improving trends in core revenues as well as encouraging signs on the loan quality... issue of asset quality, Piraeus recorded a negative non-performing loan (NPL) formation for the second
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Economic diversification vital to Greece's post-coronavirus future
Agoraunnoticed that Greece remains a net importer in monetary times at a ratio of roughly 2:1 in balance..., and quality standards lend themselves to a both capable of being an export-led, just as Cuba has across... from consumers and firms about the origin and quality of products they buy– a consequence
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Scope leaves rating at 'BBB' and outlook unchanged at stable
Economywith external imbalances. Despite gradual improvement, its net international investment position stood... moderate capital buffers, lingering asset-quality issues, and a close sovereign-bank linkage.... The banking sector has improved in capital adequacy, profitability, asset quality, and governance
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBankingAlpha Bank reported first half (H1) net profit of 267.4 million euros from 3.41 billion last year... one-off items. Excluding DTA, the bank posted net loss of 146.6 million in H1, which was 8.4 percent better than the consensus. The financial performance this year showed net loss was trimmed to 57.4
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Among euro area SMEs, Greeks face most problems with access to finance
Economynet responses remained negative in Greece, albeit the current figure of -8 percent is much lower than... reporting a negative figure in banks’ willingness to lend but the net percentage improved to -22... percent) in the net percentage of SMEs that reported fear of rejection as a factor discouraging
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Current account balance shows a surplus for third straight month, at 2.09 bln in August
EconomyMacroeconomybillion respectively. The services’ surplus dropped by 3.9 percent primarily due to lower net transport...’ surplus by 2.3 percent in the 8-month period stems from lower net transport and other services’ receipts... million. Under the portfolio investment, a net drop by 228 million was posted in residents’ external
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Greek stocks up for second straight week, rising by 5.5 pct
Economyof modest and gradual improvement in their funding. CCH posted a rise in 2015 net sales by 2.5 percent to 6.35 billion, while net profit fell by 5 percent to 280 million. The BoD will propose a dividend per share of 0.40 euros. Hellenic Telecom (OTE) net profit came in at 36.8 million in Q4 down by almost
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Credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln
EconomyMacroeconomypercent from 2.1 percent in January, Bank of Greece (BoG) figures showed on Tuesday. The net lending flow remained negative for the second straight month, with net deductions easing to 399 million...’ loan balances dropped to 93.74 billion euros, with monthly net deductions at 227 million slightly
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Current account deficit narrows by 45 pct to 804.3 mln in Feb
EconomyMacroeconomy. Stripping out oil and ships, exports were kept almost stable, while imports decreased by 1.4 percent. Net... transaction in February. For the 2-month period, residents’ net assets from direct investment abroad... the portfolio investment, residents’ external assets posted a net increase of 1.2 billion euros in February
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Credit contraction slows to 2.1 pct in March, loan deductions fall to 146 mln
EconomyMacroeconomyto 2.3 percent in February, Bank of Greece (BoG) figures showed on Wednesday. The net lending flow... lending deductions of 361 million, while corporate lending recorded net additions of 224 million... fell to 93.33 billion euros, with monthly net deductions reaching their highest level since last July
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