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EconomyProgramme
Further measures to protect and strengthen financial stability foreseen in sMoU One of the pillars in the reform agenda that shaped Greece’s agreement with its lenders in the context of the third programme review is safeguarding of financial stability, which is also addressed in the supplemental Memorandum of Understanding (sMoU).
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EconomyMacroeconomy
Banks meet NPE reduction targets in Q3, adjust targets for next two years Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the third quarter (Q3) of 2017 according to the fifth quarterly report on operational targets for NPEs published by the Bank of Greece.
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EconomyBanking
Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline Alpha Bank’s reported net profits stood at 35.5 million in the third quarter (Q3) of 2017, attributable entirely from profits originating from continued operations.
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EconomyBanking
Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall Piraeus Bank’s third quarter (Q3) results showed a net loss of 19 million euros, undoing the net profit of 7 million euros seen in Q2.
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EconomyMacroeconomy
Credit contraction deepens slightly to 0.9 pct in October Credit contraction in the Greek market increased slightly by 0.9 percent in October, compared to a contraction of 0.8 percent in September, Bank of Greece (BoG) figures showed on Tuesday.
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EconomyProgramme
Institutions, Athens start new round of review talks as e-auctions get green light Talks between the institutions and the Greek government are due to resume on Tuesday with hopes of a staff-level agreement (SLA) being reached by the end of the year growing after notaries decided to end their strike so that electronic auctions can start on Wednesday.
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EconomyProgramme
Institutions head back to Athens in search of SLA by end of week The institutions are returning to Athens this week with the aim of having a staff-level agreement (SLA) in place before Monday’s Eurogroup.
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EconomyBanking
NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter National Bank of Greece (NBG) reported a net loss of 35 million euros in the third quarter (Q3) of 2017, slowing from a loss of 156 million euros in Q2.
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EconomyBanking
Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter Eurobank’s results for the third quarter (Q3) of the year showed net profits after income tax at 61.2 million euros compared to net profits of 37.3 million euros in Q2, a rise of 64.1 percent.
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EconomyProgramme
Coalition appears to reach common ground with notaries over property auctions The government believes that it has reached an understanding with Greece’s notaries that will lead to them calling off their strike and allowing electronic auctions to begin at the end of the month.