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Banking
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EconomyBanking
Alpha Bank reports net losses of 16.8 mln in Q2 Alpha reported net losses of 16.8 million euros in the second quarter (Q2) of 2016 from 2.2 million in the previous quarter.
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EconomyBanking
Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2 Piraeus Bank turned net losses of 37 million euros in the first quarter (Q1) of 2016 to profits of 20 million in Q2, which include a one-off trading gain of 77 million from the acquisition of Visa Europe from Visa Inc.
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EconomyMacroeconomy
Credit contraction slows to 1.6 pct in July, loan deductions jump to 638 mln Credit contraction in the Greek banking market decelerated to 1.6 percent in July from 2 percent in June, Bank of Greece (BoG) figures showed on Friday.
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EconomyMacroeconomy
Deposit flow turns negative, outflows of 153 mln in July Deposit outflows of 153 million were recorded in the Greek banking market after inflows of 1.07 billion in the previous month, Bank of Greece (BoG) figures displayed on Friday.
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Economy
Lower bad loan provisions and increased write-offs for Greek banks in Q2 Ahead of the release of Greek banks’ second quarter (Q2) results, which are due next week, the aggregate balance-sheet figures published by the Bank of Greece (BoG) provide some colour on the evolution of bad loan provisions and write-offs during Q2.
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EconomyMacroeconomy
Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance Greek banks’ Eurosystem funding continued heading south for the thirteenth month in a row in July, when it decreased by 4.3 billion in July after a drop of 8.57 billion in June, the Bank of Greece's (BoG) monthly financial statement showed on Thursday.
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EconomyBanking
HFSF General Council appoints interim CEO and Deputy CEO The Hellenic Financial Stability Fund’s (HFSF) General Council, which convened on Tuesday, appointed Christoforos Stratos and Michael Haralabidis as Executive Board CEO and Deputy CEO respectively for an interim period until the selection of the new board members.
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EconomyBanking
NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007 National Bank (NBG) said on Monday it completed a securitisation of SME loans, the first such transaction by a Greek bank since 2007.
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EconomyProgramme
After calm summer, hectic September lies ahead for Greek government Although August appears to be a relatively quiet month for the government, particularly compared to the previous months and last year, there is a list of 15 prior actions the government is supposed to implement by mid-September to receive the next aid tranche of 2.8 billion euros.
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EconomyMacroeconomy
Bank of Greece publishes revised Code of Conduct for management of NPLs Bank of Greece published on Tuesday evening the revised Code of Conduct for the management of non-performing loans (NPLs) held by individuals and very small businesses (with turnover less than 1 million euros).