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Piraeus NII exceeds 1 bln in H1, commissions income at 325 mln
EconomyBankinghalf in H1 to 0.5 percent, down from 1 percent a year ago. P&L Net interest income (NII) came to 1.05... in H1 2023. Eurosystem funding dropped further to 1 billion euros of TLTRO III, with the remaining 1
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingincome (PPI) fell 12 percent quarter on quarter (QoQ) to 363 million in Q4 reflecting a 2 percent drop... percent QoQ) largely due to a further contraction in the time deposit spread by 8 basis points (bps... was slashed by 12 percent mainly attributed to a double digit drop in personnel (-14 percent) and general
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammerates. We present below the key interventions of the government’s 170-page final plan: 1... replacement rate. This rate stands at 12 percent for 15 working years, at 37.5 percent for 35 working years... compared to the current pension system. 8) The upper pension limit is set at 2,300 euros and at 3,070
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBankingbillion, almost 1 billion above the respective figure a year ago and mostly relate to denounced loans... percent over the last 12 months. These type of settlements in the housing lending sector soared 145... expenses) by 8 percent per annum from mid-2016 until the end of 2019 and a cost of risk (provisions over
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingto stand at 8 billion. P&L NII stood at 346 million euros in Q3, down by 1 percent, and declining by 16... declining by 39 percent to 513 million euros. Net interest income (NII) edged down slightly by 1 percent... by around 800 million QoQ and came to 28.5 billion in Q3. The latest quarter marks 12 straight quarters
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Newsletter 337 - 13/05/2022
in the 12 months or so left until the next elections, dismissing talk of snap polls later this year... in elections “12 months from now.” He did, however, express concern that some voters might take a relaxed... generators and retail suppliers – made a little short of 1 billion euros of additional profits during
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingloan provisions eased by 1 percent to 475.7 million. Top-line results mainly incorporate... 441 branches (26 percent of total) have been shut down over the past 12 months. The bank says it has... at 6.2 billion euros (8 percent of total loans), of which 63 percent is performing and 37 percent
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgrammeof 1 billion. Eurogroup President Jeroen Dijsselbloem said that the pension reform has been moved... percent of GDP in 2015 and around 1 percent in 2016. Almost half of cost savings for 2016 have been...) for employers by up to 1 percentage point. At the same time an overhaul of the pension system has
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Newsletter 86 - 02/09/2016
percent increase indicated by ELSTAT in its flash estimate on August 12. In addition, Q2 GDP..., investments came in higher on 1 percent QoQ and 7 percent YoY. On the flipside, household consumption fell 0.2 percent QoQ and 1.7 percent YoY. In the first half (H1) of the year, GDP decreased by 1 percent
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Newsletter 277 -11/12/2020
for the rolling 12 months fell by 1 percent. Month-on-month, the CPI for November edged down by 0.9... slight 1 million. 2 Unemployment rate at 16.1 pct in Sept Rate for same period in 2019 stood at 16.9... by 1.04 bln month-on-month as debtors rise New tax debt totalled 4.94 billion, lower than the figure
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