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Bank of Greece report overviews lenders' profitability, urges drastic NPL management
EconomyBankingThe Bank of Greece (BoG) published on Tuesday an overview of the Greek financial sector, providing an update on the key developments and data over the past five years regarding banks’ profitability, loan quality and cards’ transactions. The report showe...
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Second post-MoU review hinges on NPL plan and protection for primary residences
EconomyProgrammeAn uncomfortable Euro Working Group meeting last week has left Athens with much to do in the coming days as it seeks to obtain the green light for the disbursement of the ANFA and SMP bond profits in March. According to reports, the institutions and eur...
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Banks highlight areas of concern in talks on NPL scheme
EconomyBankingThe Finance Ministry has redoubled its efforts to get over the line the Asset Protection Scheme (APS), codenamed Hercules, that is meant to help Greek systemic lenders reduce the stock of NPEs on their books by up to 30 billion euros through state guara...
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Commission gives go-ahead for APS to reduce NPL pile
EconomyBankingThe European Commission (EC) announced on Thursday that it approved the Greek plan, codenamed “Hercules,” for helping Greek banks remove up to 30 billion euros in non-performing loans from their books. The Commission concluded that under the proposed As...
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Bridge scheme activated as banks look to avoid second-wave NPL increase
EconomyBankingThe ‘Bridge’ scheme for mortgage subsidies, which will subside up to 90 percent of payments from eligible individuals, has been activated as part of a number of mechanisms to relieve pressure on borrowers hit by the coronavirus pandemic. The scheme begi...
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Probe into LAOS leader could spark contest for party's voters
PoliticsGreek Politicsa winding route over the last few years, from making the surprise move to join the interim government
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What are SYRIZA's plans for Greek banks if it comes to power?
Economyof share capital, merger, split-up or winding up of the bank, as well as sale of assets or group
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What is SYRIZA planning to do with Greek banks?
Economyrelated to increases or decreases of share capital, mergers, split-ups or winding up of banks
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Apart from bailout review, plenty to keep Tsipras busy in autumn
PoliticsGreek PoliticsWith the summer holidays winding down, focus in Greece is gradually shifting to the varied tasks that Prime Minister Alexis Tsipras will face this autumn, both domestically and on the European and international stages. Tsipras is due to attend a meeting of European socialist leaders in Paris
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Exclusion from QE confirmed, only ECB's reinvestment programme left
EconomyProgrammeprobably being the country that needed it the most. The ECB’s QE programme is already winding down
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