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OECD advocates closer look at health and capital quality of Greek banks
EconomyBankingIn its latest survey for Greece, published on Wednesday, the OECD draws attention to the Greek banking system and the importance of improving banks’ balance sheets so the lenders can resume their critical role of financing the economy, particularly due to the difficulties caused by the pandemic.
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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingThe Bank of Greece (BoG) issued on Thursday its latest financial stability report, which includes data from the first quarter of 2020.
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BoG highlights how Covid-19 compounds legacy issues and structural challenges
EconomyThe Bank of Greece (BoG) published its Monetary Policy Report for 2020 on Monday, outlining the numerous challenges that the pandemic will pose on the Greek economy, public finances and the banking system.
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Apartment prices rise by 6.9 pct in Q1
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece came to 6.9 percent year-on-year (YoY) in the first quarter (Q1) of 2020 from a revised increase of 7.6 percent in Q4 2019, Bank of Greece (BoG) data showed on Thursday.
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingPiraeus Bank’s first quarter (Q1) results revealed a net loss of 232 million euros compared to a net profit of 189 million euros in Q4 2019.
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Eurobank net profits at 56.8 mln in Q1
EconomyBankingEurobank recorded net profits of 56.8 million euros in the first quarter (Q1) of 2020 compared to net profits of 32.6 million in Q4.
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Deposits rise by 1.43 bln in April
EconomyMacroeconomyNet deposit movements in the Greek banking system were positive by 1.43 billion euros in April, dropping from inflows of 1.43 billion in March, Bank of Greece (BoG) figures revealed on Friday.
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Alpha Bank posts net loss of 10.9 mln in Q1
EconomyBankingAlpha Bank reported a net loss of 10.9 million euros for the first quarter (Q1) of 2020 compared to net profits of 5.4 million euros in Q4 2019.
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 409 million euros from continued operations in the fιrst quarter (Q1) of 2020, compared to 18 million euros in Q4.
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BoG governor renews calls for launch of bad bank and ESM use
EconomyBankingBank of Greece governor Yannis Stournaras has reiterated calls for the immediate implementation of Greece’s bad bank to deal with the reduction of NPEs.