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Banking
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EconomyBanking
Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets Having weathered a tumultuous October, Greece’s domestic banking system and relevant stakeholders that include Bank of Greece and HFSF are looking into ways that will help banks reduce the risk on their books and bring down their non-performing exposures.
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EconomyMacroeconomy
Eurosystem funding rises to 13.2 bln in October, banknotes up for third month Greek banks’ Eurosystem funding increased by 974 million euros month-on-month (MoM) in October, the Bank of Greece's (BoG) monthly financial statement has revealed.
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EconomyBanking
APS option to help banks with bad loans seen gaining ground Greek authorities appear to be edging towards the option of creating an Asset Protection Scheme (APS) to help banks reduce their stock of bad loans, developments this week suggest.
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EconomyMacroeconomy
Credit contraction slows to 1.3 pct in Sept, balance at 176.83 bln Credit contraction in the Greek market came to 1.3 percent in September compared to a contraction of 1.5 percent in August, Bank of Greece (BoG) figures showed on Thursday.
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EconomyMacroeconomy
Eurosystem funding down to 12.23 bln in September, banknotes rise for second month Greek banks’ Eurosystem funding declined by 404 million euros month-on-month (MoM) in September, the Bank of Greece's (BoG) monthly financial statement has revealed.
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EconomyBanking
Amid market turbulence, Greece searches for scheme to help banks reduce bad loans Following weeks of uncertainty and pressure on the banking sector, which climaxed in a big drop in bank share prices on Wednesday, there have been reports of efforts to provide the Greek lenders with assistance.
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PoliticsGreek Politics
Falling bank shares prompt coalition to take closer look Prime Minister Alexis Tsipras chaired a hastily-arranged meeting of top government officials on Wednesday after a sharp decline in bank shares on the Athens Stock Exchange led to Greek lenders and their difficulties coming under scrutiny.
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EconomyBanking
Banks submit new NPL targets to SSM, with sales leading way in reduction drive Greece’s four systemic banks have submitted new Single Support Mechanism (SSM) guidelines on Friday, under which the banks’ bad loans will be tackled.
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EconomyMacroeconomy Greece moves closer to lifting all capital controls as limits on cash withdrawals removed Greece’s Finance Ministry (MoF) announced late on Thursday that further relaxations were being applied to the capital controls imposed in the summer of 2015 as the government pushes to abolish them completely in the coming months.
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EconomyMacroeconomy
Credit contraction stays at 1.5 pct in August, balance reaches 177.44 bln Credit contraction in the Greek market came to 1.5 percent in August, unchanged from July, Bank of Greece (BoG) figures showed on Thursday.