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Banking
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EconomyMacroeconomy
Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent Greek households’ new time deposit rate dropped for the second straight month, albeit at a slower pace, by 3 basis points (bps) to 0.76 percent in October, after a decline by 8 bps in September, Bank of Greece (BoG) data displayed on Friday.
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EconomyBanking
Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets Alpha Bank concluded the reporting period of the four systemic Greek banks releasing its third-quarter (Q3) results on the last day of November.
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EconomyMacroeconomy
Bank of Greece reveals lenders' NPE challenge and sets out path to recovery The Bank of Greece (BoG) published on Wednesday its first report on the operational targets for non-performing exposures (NPEs).
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EconomyMacroeconomy
Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln The rate of credit contraction in the Greek market slowed slightly to 1.6 percent in October from 1.7 percent in September, Bank of Greece (BoG) figures displayed on Monday.
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EconomyMacroeconomy
Deposits rise to 124.6 bln in Oct on inflows of 1 bln The Greek market posted deposit inflows of 1.02 billion euros in October after outflows of 379 million in September, Bank of Greece (BoG) figures showed on Monday.
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Legal
Out-of-court settlement: An important tool to regulate debts to banks and public sector The Greek government intends to pass a law concerning the out-of-court settlement of debts of entities with trading licenses in an effort to regulate the so called “red loans” owed to banks, funds and the government.
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EconomyBanking
NBG turns profitable in Q3, NPE stock drops further by 1 billion National Bank of Greece (NBG) turned profitable again in the third quarter (Q3) of 2016 with a positive bottom-line result of 16 million from losses of 3.06 billion in Q2, which fully reflected a one-off loss of 3.1 billion related to the recycling of Finansbank’s losses that were previously recognised in other comprehensive income.
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EconomyBanking
Moody’s changes outlook for Greek banks from negative to stable In a report released on Tuesday, Moody’s upgraded Greek banks’ outlook to stable from negative on the back of improving profitability and funding, which are expected to normalise from a very weak base.
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EconomyBanking
Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets Eurobank posted an improvement in net profits to 85.4 million in the third quarter (Q3) of 2016 from 46.2 million in the previous quarter.
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EconomyBanking
Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends Piraeus Bank reported a positive bottom-line result for the second straight quarter, with net profits rising to 31 million euros in the third quarter (Q3) of 2016 from 20 million in the previous quarter.