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NPLs
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EconomyBanking
Eurobank sells NPL package in attempt to reduce bad debt pile Eurobank became the first Greek systemic bank to sell a package of non-performing loans (NPLs) as Greek credit institutions attempt to tackle non-performing exposures (NPEs) in excess of 100 billion euros in their balance sheets.
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EconomyMacroeconomy
Credit contraction eases to 0.9 pct in August The pace of credit contraction in the Greek market slowed slightly in August, easing to 0.9 percent, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyBanking
Greek banks meet NPE reduction targets in Q2, write-offs remain primary source of reduction Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the second quarter (Q2) of 2017 according to the fourth quarterly report on operational targets for NPEs by Bank of Greece.
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EconomyBanking
Alpha Bank remains profitable in Q2, NPEs reduced further Alpha Bank’s reported net profit stood at 1 million in the second quarter (Q2) of 2017 including profits of 71 million from continued operations offset by losses of 68.5 million from discontinued operations, mainly related to recycling of FX differences following the sale of its subsidiary in Serbia.
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EconomyBanking
NBG reports net losses in Q2, NPEs down for fifth straight quarter National Bank of Greece (NBG) reported net losses of 13 million euros in the second quarter (Q2) of 2017 reversing the profits of 13 million in Q1, which resulted in a break-even bottom-line result for the first half (H1) of the year.
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EconomyBanking
Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter Piraeus Bank reversed its first-quarter (Q1) net losses of 7 million to profit of 7 million in Q2, resulting in a break-even bottom-line result in the first half (H1) of 2017.
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EconomyBanking Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation Eurobank remained profitable in the second quarter (Q2) of 2017, with net profits slightly increasing to 39.7 million euros Q2 from 36.5 million in the previous quarter.
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EconomyMacroeconomy
Credit contraction accelerates to 1.3 pct in June on loan deductions of 206 mln The pace of credit contraction in the Greek market accelerated for the second successive month in June, reaching 1.3 percent, Bank of Greece (BoG) figures showed on Thursday.
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EconomyBanking
Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details Bank of Greece (BoG) released on Tuesday the third second issue of its semi-annual overview of the Greek financial sector presenting an analysis of the latest loan quality figures.
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EconomyMacroeconomy
Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln The pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from 0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday.