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NPLs
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EconomyBanking
NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter National Bank of Greece (NBG) reported a net loss of 35 million euros in the third quarter (Q3) of 2017, slowing from a loss of 156 million euros in Q2.
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EconomyBanking
Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter Eurobank’s results for the third quarter (Q3) of the year showed net profits after income tax at 61.2 million euros compared to net profits of 37.3 million euros in Q2, a rise of 64.1 percent.
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EconomyProgramme
Coalition appears to reach common ground with notaries over property auctions The government believes that it has reached an understanding with Greece’s notaries that will lead to them calling off their strike and allowing electronic auctions to begin at the end of the month.
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EconomyProgramme
IMF adds to calls for no further delays to e-auctions The International Monetary Fund has added its voice to those on the lenders’ side calling for the Greek government to ensure that electronic auctions are up and running as soon as possible, with the issue gradually becoming one of the defining aspects of the third review.
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EconomyProgramme
Minister proposes way forward for auctions as pressure mounts from banks, creditors After discussions with notaries on Wednesday, the Greek government has proposed a way of overcoming concerns about their safety during auctions of properties that have been repossessed by banks.
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EconomyProgramme
Eurogroup sees review conclusion in sight, warns over property auctions Monday’s Eurogroup appeared to send an upbeat message regarding the prospects of the third review being completed before the end of the year but also came with a warning regarding possible further delays in launching electronic auctions.
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EconomyBanking
Banks enhance steps to deal with NPLs ahead of stress test Greek banks will be able to bolster their protective measures against the large number of non-performing loans (NPLs) on their books under planned changes to the Code of Civil Procedure.
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EconomyProgramme
Sub-tranche released but PPC poses key challenge in review The European Stability Mechanism (ESM) disbursed the 800-million-euro sub-tranche from the Greek programme on Monday as Athens focusses on completing dozens of prior actions in the hope of concluding the third review before the end of the year.
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EconomyMacroeconomy
Credit contraction eases to 0.8 pct in Sept The pace of credit contraction in the Greek market eased to 0.8 percent in September from 0.9 percent in August, Bank of Greece (BoG) figures showed on Thursday.
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EconomyBanking NBG steps back into markets with 750 mln covered bond issue The National Bank of Greece (NBG) has become the first Greek bank to venture back into the international bond market with the successful issue of a covered bond which raised 750 million euros.