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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
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H1 bank results show performance stabilising, laying ground for further improvement
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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
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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