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EconomyProgramme
Greece and lenders far apart on foreclosures as housing NPLs keep rising The protection of primary homes from foreclosures emerged as one of the key areas of significant difference between the Greek government and the institutions during the 3-day visit of the quadriga mission chiefs to Athens last week.
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EconomyMacroeconomy
Credit contraction slows to 1.5 pct in Sept on marked drop in corporate loan deductions Bank credit contraction slightly decelerated to 1.5 percent in September from 1.6 percent in August, Bank of Greece (BoG) figures displayed on Tuesday.
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EconomyMacroeconomy
Banking system showed deposit inflows for second straight month, at 531 mln in Sept Greek private sector deposit flow remained positive for the second successive month with inflows at 531 million in September 2015 from 449 million in August, Bank of Greece (BoG) data displayed on Tuesday.
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EconomyBanking
NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation Following Eurobank and Piraeus, National Bank of Greece (NBG) published on Wednesday its trading update for the second quarter (Q2), providing the evolution of the key P&L and balance sheet items, excluding those related to loan provisions, after tax earnings and capital.
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EconomyMacroeconomy
Credit standards for corporate loans tightened again in Q3 Credit standards for corporate loans tightened quarter on quarter (QoQ) for the second successive quarter, Bank of Greece (BoG) bank lending survey (BLS) data showed for the third quarter (Q3) of 2015.
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EconomyBanking
Piraeus Q3 trading update shows significant acceleration in NPL formation Following a more detailed trading update for the second quarter (Q2) published last week, Piraeus Bank released on Monday a condensed trading update for Q3 outlining the evolution of the key balance sheet items.
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EconomyBanking
Greek banks brace for recapitalisation, with Piraeus initiating a bond swap offer Following meetings held with the Single Supervisory Mechanism (SSM) of the ECB in Frankfurt on Wednesday and Thursday, media reports indicate that Greek bankers appear more optimistic on the final outcome of the ongoing assessment noting that capital needs could be manageable.
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EconomyMacroeconomy
ELA funding drops by 1.58 bln in Sept for third straight fall Greek banks’ Eurosystem funding slipped for the third straight month in September, when it fell by 1.58 billion euros, the Bank of Greece's (BoG) monthly financial statement showed on Thursday.
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Economy
Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation Changing its previous announcement to publish its second quarter (Q2) financial results on Wednesday, Piraeus Bank released today a trading update providing the evolution of the key balance and P&L items excluding loan provisions and profits.
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EconomyMacroeconomy
Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions The Emergency Liquidity Assistance (ELA) ceiling for Greek banks further lowered by 1 billion to 87.9 billion, Bank of Greece (BoG) said on Wednesday.