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Banking
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EconomyBanking
Banks discover stress test assumptions, results due in July The European Banking Authority (EBA) announced this week the assumptions for this year’s stress tests. The process is expected to be completed in early summer, followed by the announcement of the results.
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EconomyBanking HFSF sets out bank divestment strategy, marking final chapter in turbulent story The Greek authorities moved a step closer last week to their objective of divesting the state’s share in the systemic banks through the Hellenic Financial Stability Fund (HFSF) after the publication of the divestment strategy that was compiled by Rothschild and was approved by the Finance Ministry at the end of last year.
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EconomyMacroeconomy
Average loan rate rises to 4.86 pct in Oct The Bank of Greece released on Friday the latest rates information for deposits and loans for October, which showed that the average rates for new loans are 4.86 percent, from 4.6 percent in the previous months.
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EconomyBanking
Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 bln Piraeus Bank posted a net profit of 729 million euros in the nine months (9M) of 2022, from losses of 3.09 billion euros last year, due to 3.75 billion euros in clean-up impairments in 9M 2021.
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EconomyBanking
NBG reports 652 mln profit in 9M, core PPI up 14 pct National Bank of Greece (NBG) reported a profit after tax of 652 million euros from continued operations in 9M 2022, compared to a profit of 732 million euros in the same quarter of 2021, a drop of 11 percent.
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EconomyBanking
Business transformation paying off as Eurobank records 932.3 mln profit in 9M Eurobank posted an adjusted net income of 932.3 million euros in the nine months of 2022 (9M), compared to a profit of 297.5 million euros last year.
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EconomyBanking
Alpha Bank profits of 92.7 mln in Q3 raise 9M income to 335.4 mln Alpha Bank reported a net profit of 335.4 million euros in 9M 2022, compared to a loss of 2.5 billion euros in the same period of 2021.
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EconomyBanking
Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021 Piraeus Bank posted a net profit of 614 million euros in the first Half (H1) of 2022, from losses of 2.45 billion euros last year, due to 3 billion euros in clean-up impairments in H1 2021.
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EconomyBanking
Business transformation brings profit of 243 mln euros for Alpha Bank in H1 Alpha Bank reported a net profit of 243 million euros in H1 2022, compared to a loss of 2.33 billion euros in the same period of 2021.
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EconomyBanking
Lower trading income for NBG keeps net profits at 490 mln in H1 National Bank of Greece (NBG) reported a profit after tax of 490 million euros from continued operations in H1 2022, compared to a profit of 645 million euros in the same quarter of 2021, a drop of 24 pct.