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Banking
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EconomyBanking
NBG reports net loss of 163 mln in 2017, bad loans continue to fall National Bank of Greece (NBG) reported a net loss of 60 million euros in the fourth quarter (Q4) of 2017 from continued operations, deepening from the loss of 44 million in Q3.
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EconomyMacroeconomy
Credit contraction at 1 pct in February on lower household, and corporate lending Credit contraction in the Greek market deepened by 1 percent in February from a contraction of 0.8 percent in January according to Bank of Greece (BoG) figures released on Tuesday.
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EconomyMacroeconomy
Eurosystem funding drops by 2.80 bln in February, led by ELA reduction Greek banks’ Eurosystem funding fell by around 2.80 billion euros in February, Bank of Greece's (BoG) monthly financial statement revealed on Tuesday.
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EconomyBanking
Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss Alpha Bank reported net profits of 21.1 million euros for the full year of 2017. Net profits from 2016 stood at 42.1 million, resulting in an annual decline of 50.1 percent.
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EconomyBanking
Greek banks' NPL selloff gathers speed Amid the final stretch for Greece ahead of exiting its programme in August, there is one point of discussion that negotiations keep returning to, that of the bad loans plaguing the country’s banking system.
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EconomyProgramme
Finance Ministry waits for new property values as talk of bad bank gathers pace The government is hoping to move closer to the completion of a key prior action this week, when evaluators submit the results of their work on the new “objective” property values that will be used by the Finance Ministry to calculate this year’s ENFIA real estate tax.
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EconomyBanking
IFRS 9 provisions required by banks in line with expectations Another box was ticked this week in the process that began last month, when the European Banking Authority officially launched the stress tests for Greek banks, which are due to be completed in May.
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EconomyMacroeconomy Eurosystem funding drops by 4.58 bln in January, banknotes in circulation fall Greek banks’ Eurosystem funding fell by around 4.58 billion euros in January, Bank of Greece's (BoG) monthly financial statement revealed on Monday.
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EconomyBanking
Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target Eurobank recorded net profits of 53.3 million euros in the fourth quarter (Q4) of 2017 from 61.2 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 12.6 percent.
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EconomyMacroeconomy New measures to ease capital controls, lift restrictions on opening bank accounts Additional measures to ease the capital controls in place in Greece since 2015 were announced by the Ministry of Finance (MoF) on Wednesday.