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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingNational Bank’s reported net profit reached 1.15 billion euros in the first half (H1) of the year... to the recognition of additional deferred tax asset (DTA) of 994 million. Excluding one-offs, net profit landed at 109 million in H1 from 311 last year, down 65 percent. On a quarterly basis though, Q2 net profit
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Credit in Greece contracts by 3.5 pct in August
EconomyMacroeconomypercent month on month (MoM) to 213.53 billion. Monthly net deductions fell to 478 million euros in August, which is the second lowest reading so far this year. In July, net deductions stood at 1.16... straight month. Net deductions eased to 263 million euros in August from 322 million in July
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Contraction in Greek credit eases slightly to 3 percent in November
EconomyMacroeconomymonth by just 109 million month on month (MoM) to 212.42 billion. Monthly net deductions also dropped... in November is primarily due to household lending net deductions of 159 million, while there were net... to 97.32 billion euros. Net deductions more than halved to 159 million in November from 355 million
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Greek bank credit contracts by 2.5 pct in March
EconomyMacroeconomyreading since November 2011. However, the monthly flow turned negative with extended net deductions of 639 million euros from modest net additions of 74 million in February. The negative flow in March is almost equally split between household and corporate net deductions of 328 and 303 million
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Greek credit contracts by 2.4 pct in April for slowest drop since 2011
EconomyMacroeconomyOctober 2011. The monthly flow remained negative for the second straight month with net deductions easing... fell at a decelerating pace by 2 percent to 101.73 billion. Net deductions slipped to 261 million..., the year to date net flow shows net additions of 198 million. The contraction of loans to sole proprietors
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Bank credit eases 1.6 pct in August on slightly accelerating negative flow
EconomyMacroeconomy) with household lending net deductions at 267 million. The segmental breakdown displayed corporate lending rate... reading in the 8-month period with the year to date figure remaining slightly positive pointing to net.... Since the beginning of the year, net deductions in this segment reached 77 million with an overall
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Greek stocks slip 0.4 pct during week
EconomyPiraeus reported net loss of 37 million in the first quarter (Q1), while core pre-provision income (PPI) improved by 14 percent quarter on quarter (QoQ) on the back of net interest income (NII) rebound and cost containment. In contrast, NBG posted net profit of 81 million in Q1 with core PPI rising by 21
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Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
EconomyMacroeconomyfrom 2.1 percent in March, Bank of Greece (BoG) figures showed on Tuesday. Net deductions eased to 117 million in April, from 146 million in March, reflecting corporate net additions of 118 million more than offset by household net deductions of 189 million. Since the beginning of the year, the net
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Current account deficit widens to 412 mln in May
EconomyMacroeconomypercent and total exports 4.5 percent. The decline in the services’ surplus mainly results from lower net... coupled with lower net payments for purchases of ships mainly due to capital controls. The marked drop in the services’ surplus largely reflects a nosedive in net transport receipts, also attributed
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Greek stocks climb 3 pct on week, banks post double-digit gains
Economyfrom 22 million in the previous week. Corporate news Alpha Bank posted net losses of 16.8 million... reported a positive bottom-line result for the second straight quarter with net profits at 46.2... this extraordinary item, the bank posted net losses of 26 million in Q2 from profits of 26 million in Q1. Core
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