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Banking
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EconomyMacroeconomy
Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct Greek households’ new time deposit rate eased for the third straight month, albeit modestly, by 3 basis points (bps) to 0.88 percent in March, Bank of Greece (BoG) data displayed on Wednesday.
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EconomyBanking
Piraeus first Greek bank to repay Pillar II bonds, others to follow Piraeus Bank said on Thursday that its remaining Pillar II bonds will be redeemed on Friday, which will make it the first Greek bank with zero reliance on any of the three pillars of the capital and liquidity support programme (Law 3723/2008) that was initiated in 2008.
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EconomyMacroeconomy
Credit contraction slows to 2.1 pct in March, loan deductions fall to 146 mln Greek bank credit contraction decelerated to 2.1 percent in March after a short-lived acceleration to 2.3 percent in February, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyMacroeconomy
Marginal deposit inflows of 55 mln in March Greek private sector deposits recorded marginal inflows of 55 million euros in March from outflows of 548 million in February, Bank of Greece (BoG) data displayed on Wednesday.
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EconomyProgramme
Compromise emerges on liberalisation of NPL market Beyond the convergence between Greece and its lenders on the basic package of austerity measures worth 3 percent of GDP, the government and the institutions appear to have clinched an agreement on the sale of non-performing loan (NPLs).
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Economy
Demand for hospitals' reserves raises concerns about govt's liquidity position Fresh concern about the government’s liquidity position have been raised after the Health Ministry sent a letter to hospitals on April 21 demanding that they transfer their cash reserves to a special account at the Bank of Greece (BoG).
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EconomyMacroeconomy
Stable credit standards for loans in Q1, small uptick in demand for SME and housing lending Credit standards for both corporate and household loans remained broadly unchanged quarter on quarter (QoQ) in Q1 of 2016, according to the Bank of Greece’s (BoG) bank lending survey.
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EconomyMacroeconomy
Eurosystem funding drops by another 2.8 bln to 101.4 bln in March Greek banks’ Eurosystem funding fell for the ninth successive month in March at an accelerating pace of 2.78 billion euros after dropping by 1.86 billion in February, Bank of Greece's (BoG) monthly financial statement showed on Wednesday.
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EconomyMacroeconomy Greek corporate lending rates up to 250 bps higher than eurozone average Greek households’ new time deposit rate fell by 10 basis points (bps) to 0.91 percent in February after remaining broadly stable in the preceding two months, Bank of Greece (BoG) figures showed on Monday.
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EconomyMacroeconomy
Deposit outflows for second straight month in February, at 548 mln Greek private sector deposits headed south for the second straight month in February, with outflows easing to 548 million euros from 1.12 billion in January, Bank of Greece (BoG) data showed on Tuesday.