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BoG governor renews calls for launch of bad bank and ESM use
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Exposure to tourism sector a concern for banks despite effort to save season
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Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
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Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
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NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
Trust in Greek banking system shaky, survey suggests
The second intermediate step involves the full liberalisation of cash withdrawals for both individuals and companies in successive steps, along with an increase in the limit for overseas money transfers. The key conditions include faster improvement in all conditions described in the first intermediate step.
The milestones eventually leading to the full relaxation of capital controls involve strong confidence in the banking sector, reflected in an increase in deposits and bank access to markets for long-term financing. They also include continued NPE reduct...
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