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Credit contraction stays at 1.4 pct in November, loans to enterprises turn positive
EconomyMacroeconomyCredit contraction in the Greek market remained at 1.4 percent in November, unchanged from October, Bank of Greece (BoG) figures showed on Thursday.
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Alpha Bank and Eurobank start new year with further bad loan sales
EconomyBankingTwo of Greece’s systemic banks moved into 2019 with increased activity on their disposal of their pile of bad loans as the new year heralds a host of ambitious loan reduction targets.
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingPiraeus Bank’s third quarter (Q3) results showed that net profits from continued operations came to 94 million euros, picking up from profits of 24 million in the previous quarter.
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 8 million euros from continued operations in the third quarter (Q3), declining from the figure of 21 million posted in Q2.
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingAlpha Bank reported a net profit of 41 million euros in the third quarter (Q3) of the year, attributable entirely to profits originating from continued operations.
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Credit contraction deepens 1.4 pct in October, balance at 174.90 bln
EconomyMacroeconomyCredit contraction in the Greek market came to 1.4 percent in October, increasing from a contraction of 1.2 percent in September, Bank of Greece (BoG) figures showed on Wednesday.
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BoG highlights areas of concern in underlying NPE data
EconomyBankingIn the overview of the financial system that the Bank of Greece (BoG) published last week, the central bank goes into detail about the issue of non-performing exposures (NPE), the composition and dynamics of the most challenging legacy that the crisis has left for the country’s credit institutions.
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingOne of Greece’s four systemic banks, Eurobank, has announced shortly after releasing its third-quarter results that the bank is forming its own special purpose vehicle (SPV) for handling its pile of bad loans.
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BoG provides details of ambitious plans to slash NPLs via SPV
EconomyBankingIn the overview of the Greek financial system that was published late on Thursday, the Bank of Greece (BoG) outlines its proposal for the systemic management of non-performing exposures (NPEs).
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Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
EconomyBankingEurobank recorded net profits of 45.1 million euros in the third quarter (Q3) of 2018 compared to profits of 1.1 million in the previous quarter.