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New measures to ease capital controls, lift restrictions on opening bank accounts
EconomyMacroeconomyAdditional measures to ease the capital controls in place in Greece since 2015 were announced by the Ministry of Finance (MoF) on Wednesday.
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Credit contraction at 0.8 pct in January as household, corporate lending falls
EconomyMacroeconomyCredit contraction in the Greek market remained unchanged at 0.8 percent in January, staying static for a fourth month, Bank of Greece (BoG) figures showed on Tuesday.
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Banks gear up for stress tests, with results due in May
EconomyBankingA clearer picture of the stress tests for Greek banks emerged over the past few days as the various stages and dates involved in the process were finalised.
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Stress test assumptions cause few concerns for Greek banks
EconomyBankingThe European Banking Authority (EBA) formally launched on Wednesday the 2018 EU-wide stress test exercise by releasing the scenarios that will be applied to the methodology published last November.
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Greek banks complete first round of covered bond issues
EconomyBankingAlpha Bank has become the latest among Greece’s four systemic banks to carry out a successful covered bond issue with the public auction of a 500-million euro bond last week.
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Credit contraction remains at 0.9 pct in December
EconomyMacroeconomyCredit contraction in the Greek market remained unchanged at 0.9 percent in December, staying static for a third month, Bank of Greece (BoG) figures showed on Friday.
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Eurosystem funding rises by 786 mln in December, banknotes in circulation rise
EconomyMacroeconomyGreek banks’ Eurosystem funding rose by around 786 million euros in December, Bank of Greece's (BoG) monthly financial statement revealed on Monday.
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BoG sees ample capital space for banks to sell bad loans
EconomyBankingThe Bank of Greece (BoG) presents in its semiannual overview of the Greek financial system a sensitivity analysis on active NPE management by Greek financial institutions in relation to the operational targets of reducing their stock to 64.6 billion euros, from 101.8 billion, by the end of 2019.
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Credit contraction unchanged at 0.9 pct in November
EconomyMacroeconomyCredit contraction in the Greek market remained stable at 0.9 percent in November, unchanged from October, Bank of Greece (BoG) figures showed on Friday.
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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturesA survey by the European Central Bank (ECB) looking into the purchasing habits of Europeans has found that cash is still the preferred method of payment for most Greeks despite efforts to encourage card and electronic payments.