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Greek primary cash surplus widens to 3.2 bln in 7-month
EconomyMacroeconomythe highest monthly decline so far in 2014. Following July performance, the net increase of arrears... from a net decrease in the long-terms bonds by 6.7 billion more than offset by a net increase of 2.4
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Eurobank reports loss of 186.6 mln in Q3
EconomyBankingEurobank reported a net loss of 186.6 million euros in the third quarter (Q3) from 301.1 million... expenses by 3.7 percent to 257.7 million. On the revenue front, net interest income (NII) slightly...’s performance reflects higher loan and deposit NII mitigated by lower bond NII. Net interest margin
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Greek public debt at 321.7 bln in Q3, average weighted maturity at 16.5 years
Economy. The quarterly evolution reflects net decreases in long-term bonds issued domestically (by 1.43 billion) and T-Bills (by 1.65 billion) more than offsetting net increases in repos (by 2.36 billion) and Financial... by the end of Q3 2014, the IMF net financing has been reduced accordingly to 25 billion and FSM
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Our most popular stories in 2014
Agorathe state. Also, until now, there has been no safety net for the self-employed, who make up about 25... net available to Greeks in difficulty is provided by family. The IME-GSEVEE survey suggests... fellow citizens. The safety net that has been unfurled by family members, volunteers and charities
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Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
EconomyMacroeconomya net increase in repos (by 3.09 billion) and T-Bills (1.21 billion) partly partially offset by a net decrease in Financial Support Mechanism (FSM) loans (by 2.2 million). The rise in T-Bills stems... net financing has been reduced accordingly to 22.8 billion and FSM outstanding financial aid
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Eurobank posts loss of 523.7 mln in Q4 2014
EconomyBankingEurobank posted a net loss of 523.7 million euros in the fourth quarter (Q4) of 2014 from 186.6... items. In particular, net interest income (NII) was up 4.1 percent QoQ mainly driven by lower... straight quarter. Net interest margin (NIM) rebounded by 7 basis points (bps) to 2.11 percent
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Newsletter 20 - 20/03/2015
that will meet with the Eurogroup’s approval is certain to prove a huge challenge over the next few days. Net... by three of Greece’s four systemic banks show that they posted net losses for the quarter as well... a quarter-on-quarter (QoQ) improvement in net interest income (NII), mainly driven by a further drop
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ECB's negative opinion on foreclosure bill creates another obstacle in bailout talks
EconomyProgrammenet for vulnerable home owners as a permanent solution. In addition, the ECB suggests that the Greek.... For tackling the humanitarian crisis, the ECB would favour the development of a social safety net..., this safety net could also involve prohibition of auctions targeted at vulnerable households
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyby announcing a net loss of 94.4 million from 207 million in Q1 2014 and 523.7 million in Q4. Note, though... at 463.2 million. However, net interest income (NII) fell 5.4 percent QoQ to 372.8 million on higher ELA... increasing within 2014, the net interest margin (NIM eased to 1.95 percent in Q1 from 2.11 percent in Q4
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Alpha Bank reports lower losses of 115.8 mln in Q1 2015
EconomyBankingAlpha Bank reported lower quarter on quarter (QoQ) net losses of 115.8 million euros in the first... to lower costs. As expected, net interest income (NII) fell 2.8 percent QoQ to 481.5 million primarily due... net interest margin (NIM) down by 9 bps QoQ to 2.64 percent after remaining stable in Q4. At the same
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