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  1. Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
    Image via www.eurobank.gr

    EconomyBanking

    , also staying negative for a fifth quarter, while in consumer loans, NPE formation was -5 million. NPL.... P&L NII rose by 1 percent QoQ, slowing from an increase of 1.3 percent in Q3, and stood at 373... the total impact for the first year is expected at 16 bps. Capital The phased-in Common Equity Tier 1

    7%
  2. Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
    Image via www.alpha.gr

    EconomyBanking

    , impairment losses also declined by 13.9 percent to 1 billion, while the cost of risk fell to 172 bps from..., to 14.4 billion euros leading to an increase of the NPE coverage for the group by 5 percentage points to around 50 percent. Capital The Common Equity Tier 1 (CET1) ratio stood at 18.3 percent, up by 51

    7%
  3. Primary cash surplus at 7.72 bln in March on strong underspend
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    for the month fell by 566 million to 4.65 billion. Interest payments registered a small increase of 5... quarter of the year declined by over 1 billion euros and came to 11.91 billion. Discounting arrears.... The Public Investment Budget (PIB) balance surplus grew to 210 million from a very slight surplus of 1

    7%
  4. Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
    Photo by MacroPolis

    EconomyBanking

    in credit card debt and unsecured overdrafts which have not been serviced for around 5 years, coming to a total of 1 billion which the bank aims to sell by October 2018. Towards the end of 2018..., totalling roughly 1 billion euros, which are collateralised. This would bring the total sales of NPLs

    7%
  5. Unemployment rate stable at 21.2 pct in Q1
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    of unemployed fell below the 1 million mark for the first time since Q3 2011 in Q3 2017, but has since gone... of 5 pp to 55.2 percent. This was followed by those aged 25-29, where unemployment fell by 2.5 pp... unemployed (over 1 year) declined for a fifth continuous quarter to 684,600. Out of the total, long-term

    7%
  6. The race to reduce Greece's bad loans

    EconomyBanking

    and unsecured overdrafts which have not been serviced for around 5 years, coming to a total of 1 billion..., totalling roughly 1 billion euros, which are collateralised. With strong interest in all bad loan sales so

    7%
  7. Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
    Photo by MacroPolis

    EconomyBanking

    for the first half (H1) of the year came to 12.3 million euros. Core pre-provision profit (PPI) rose by 5... the 1 billion euro Jupiter portfolio of SME loans secured by real estate and the Mercury portfolio... Equity Tier 1 (CET1) ratio stood at 18.5 percent, up slightly from the previous quarter’s figure

    7%
  8. NBG remains profitable in Q2 with net results of 21 mln
    Photo by MacroPolis

    EconomyBanking

    of small enterprises, totalling roughly 1 billion euros, which are collateralised. P&L Net interest income... bps from 377 bps in Q1. Fee income fell by 5 percent QoQ to 59 million, rising by 3 percent... covered bonds. Capital The Common Equity Tier 1 (CET1) ratio stood at 16.2 percent in Q2 from 16.5

    7%
  9. Travel balance up by 1.4 pct in August as EU arrivals jump by 17 pct
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    , receipts rose by 5 percent to 1.78 billion. Receipts from travellers within the EU but not euro... percent YoY to 10.35 billion euros. Average expenditure per trip edged down by 1 euro, or 0.2 percent... fell by nearly a quarter to 261.1 million. Receipts from cruises increased by just under 1 percent

    7%
  10. Coalition optimistic about pension cuts deal as it readies reduction to contributions
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    party’s spokesman said on Tuesday that the conservatives would stick to the 5:1 departures... suggests that the figure may even reach more than 1 billion euros, without giving further details

    7%