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Central government debt edges down to 321 bln in Q1
Economy1 billion QoQ to 11.03 billion accounting for 3.4 percent of central government debt. The debt...-term (up to 1 year) and medium-term (1 to 5 years) debt. It is worth noting that Greece’s cash
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingin the previous quarter. The management reiterated its target for a negative NPL formation of 1... to loans and other (15 billion), while the cash value of the used pillar II bonds stood at 1 billion... to see deposit inflows of around 3 billion. The phased-in Common Equity Tier 1 (Tier1) ratio eased
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Net profit of 87 mln for NBG in Q1
EconomyBankingand reduced operating expenses. In more detail, net interest income (NII) rebounded 1 percent QoQ... by 1 billion in 2017, while the NPL ratio is seen down to mid-teens in the medium-term... Equity Tier 1 (CET1) ratio slipped to 17.2 percent in Q1 from 17.5 percent in Q4, while the fully
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Government tables amendments with aim of securing bailout tranche within days
EconomyProgrammewill apply as of June 1 instead of January 1. This means that there is no issue any more... savings are legislated until September 30, 2016 and implemented as of January 1, 2017. The multi-bill
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Adult skills in Greece lacking, indicates OECD survey
Societyadults (26.5 percent) in Greece are proficient at or below level 1 in literacy (compared to the OECD average of 18.9 percent) and almost 28.5 percent score at or below level 1 in numeracy (6 percentage... in 24 countries. The adult skills survey was conducted in Greece from 1 April 2014 to 31 March 2015
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Minor changes in Greek deposit and lending interest rates in May
EconomyMacroeconomymixed trends with that for amounts between 250,000 and 1 million euros slipping by 6 bps to 5.17... by 1 bp to 4.84 percent. The minor changes in the average deposit and lending rates led the average spread of the Greek banking market edging up by 1 bp to 4.41 percent in May.
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingby a rise in core expenses by 3 percent. Net interest income (NII) edged up by 1 percent QoQ to 484 million..., while has been trimmed by 1 billion since Q3 2015, of which 0.7 billion stems from corporate... percent a quarter ago. The phased-in Common Equity Tier 1 (Tier1) ratio slipped to 17.5 percent in Q2
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Newsletter 92 - 14/10/2016
by the Hellenic Statistical Authority (ELSTAT) on Monday showing that the Consumer Price Index (CPI) fell by 1... the previous month in August after decreasing by 1 percent in July. Overall, despite the modest decline... in electricity production. Consumer price index falls Greece’s Consumer Price Index (CPI) dropped by 1
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Newsletter 94 - 04/11/2016
the tax credit to 1,600 euros (from its current 1,900 euros) with estimated savings of 1 billion euros... of around 1.8 billion in the last three months, the backlog has decreased by 1 billion, indicating.... In the corporate sector the interest rate for loans for amounts over 1 million euros decreased by 76 bps
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CPI drops at a slower pace of 0.5 pct in October
EconomyMacroeconomya drop of 1 percent in September, according to data published by the Hellenic Statistical Authority... to a fall in the goods’ index by 1 percent, while the services index edged up 0.2 percent. Meanwhile... reflecting an increase in housing and transport prices by 2.4 and 1 percent respectively, while all
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