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EconomyMacroeconomy
OECD sees recovery slowing, urges fiscal discipline OECD secretary-general Mathias Cormann visited Greece on Tuesday for a meeting with Prime Minister Kyriakos Mitsotakis as the think-tank published its latest economic report about the Greek economy.
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EconomyMacroeconomy
Loans managed by servicers stabilise near 87 bln in Q3 as securitisations conclude The universe of loans managed by Credit Servicing Firms (CSF) has stabilised since Q1 this year and in Q3 it stood at 86.8 billion euros, according to data released by the Bank of Greece (BoG) on Friday.
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EconomyBanking
Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021 Piraeus Bank posted a net profit of 614 million euros in the first Half (H1) of 2022, from losses of 2.45 billion euros last year, due to 3 billion euros in clean-up impairments in H1 2021.
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EconomyBanking
Business transformation brings profit of 243 mln euros for Alpha Bank in H1 Alpha Bank reported a net profit of 243 million euros in H1 2022, compared to a loss of 2.33 billion euros in the same period of 2021.
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EconomyBanking
Lower trading income for NBG keeps net profits at 490 mln in H1 National Bank of Greece (NBG) reported a profit after tax of 490 million euros from continued operations in H1 2022, compared to a profit of 645 million euros in the same quarter of 2021, a drop of 24 pct.
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EconomyBanking
Assisted by trading gains and cleaner balance sheet, Eurobank books 760 mln profit in H1 Eurobank posted an adjusted net income of 759.7 million euros in the first half of 2022 (H1), compared to a profit of 195.1 million euros last year.
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EconomyMacroeconomy
BoG revises growth forecast down to 3.2 pct amid growing uncertainty The uncertain times across the global economy were captured in the latest monetary policy report by the Bank of Greece, which revised down its Greek growth forecast to 3.2 pct for 2022, from the 3.8 pct expected in April.
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EconomyBanking NBG profits narrow to 208 mln in Q1 National Bank of Greece (NBG) reported a profit after tax of 208 million euros from continued operations in Q1 2022, compared to a profit of 583 million euros in the same quarter of 2021, a drop of 64 pct.
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EconomyBanking
Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off Alpha Bank reported a net profit of 125 million euros in Q1 2022, compared to a loss of 282 million euros in the same quarter of 2021.
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EconomyBanking
Helped by trading gains, Eurobank posts 305 mln in Q1 profits Eurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year.