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Banking
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EconomyBanking
Marginal net losses of 2 mln for Alpha in Q1 Alpha was the last of the four core Greek banks that released its first quarter (Q1) results this week, showing a marginally negative bottom line of 2.2 million euros from 115.8 million in the corresponding period last year.
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EconomyMacroeconomy
Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln Greek bank credit contraction slowed down for the second straight month to 1.9 percent in April from 2.1 percent in March, Bank of Greece (BoG) figures showed on Tuesday.
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EconomyMacroeconomy
Marginal deposit flow in April for second straight month Greek private sector deposit flow remained minimal for the second straight month with the system recording outflows of just 40 million in April from inflows of 55 million in March, Bank of Greece (BoG) data showed on Tuesday.
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EconomyBanking
Net profit of 87 mln for NBG in Q1 National Bank of Greece (NBG) posted net profit of 87 million euros in the first quarter (Q1) of 2016 from a loss of 2.05 billion in Q4 and 159 million a year ago.
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EconomyBanking
Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008 Piraeus Bank posted a net loss of 37 million euros in the first quarter (Q1) of 2016 from 1.24 billion in the previous quarter, primarily burdened by exceptionally high loan provisions, and 67 million a year ago.
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EconomyProgramme
New rules on sale of NPLs come into play after approval of omnibus bill The multi-bill approved by Parliament on Sunday evening details, among others, the legal framework for the management and sale of performing or non-performing loans (NPLs).
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EconomyBanking
HFSF presents action plan on large corporate loan restructuring, says NPEs reached 103 bln in 2015 Greek banks’ non-performing exposures (NPEs) in Greece reached 103 billion at the end of 2015, Aris Xenofos, CEO at the Hellenic Financial Stability Fund (HFSF), revealed on Tuesday.
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EconomyBanking
Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln Eurobank reported net profit of 60.2 million euros in the first quarter (Q1) of 2016 from a loss of 94.4 million in the previous one.
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EconomyBanking
Alpha, Eurobank sign agreement with KKR for management of NPLs In a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected Greek corporates into a platform managed by Pillarstone.
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EconomyMacroeconomy
Eurosystem funding falls below 100-bln mark for first time since Jan 2015 Greek banks’ Eurosystem funding dropped for the tenth straight month in April, albeit at the decelerating pace of 1.88 billion euros after a decrease of 2.78 billion in March, according to the Bank of Greece's (BoG) monthly financial statement on Thursday.