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Bank branches fall in 2016, degree of concentration highest in EU
EconomyBankingCredit Agricole and Citigroup’s retail banking unit in Greece, Eurobank Hellenic Postbank (TT
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Athens forced to consider shelving market access plans for now
PoliticsGreek Politicswill reassess the situation next week, taking into account also a possible credit rating upgrade by Standard
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Fitch upgrades Greek rating to B-, sees debt sustainability improving
EconomyFitch on Friday became the latest agency to upgrade Greece’s long-term credit rating, raising it to B- from CCC with a positive outlook. Fitch believes that Greece’s debt sustainability will steadily improve as the country continues to comply with the terms of the ESM programme, which reduces
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBankingstayed almost stable QoQ at 7.6 billion in Q4 with the deferred tax credit (DTC) edging down QoQ to 4
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBankingEurobank 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. Eurobank sold a pool of unsecured consumer loans with a nominal value
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Banks enhance steps to deal with NPLs ahead of stress test
EconomyBankingto grant new loans at lower rates, thus minimising the credit risk that has left funding stagnant
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Greece drops six places in global ease of doing business report
EconomyFeaturesdeveloped countries. Securing credit also appeared to be a major challenge, with Greece falling from 82
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IMF adds to calls for no further delays to e-auctions
EconomyProgrammesupport the resumption of credit and growth in Greece over the medium run. “We, therefore, encourage
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingthe deferred tax credit (DTC) remained at 4 billion, of which 1.3 billion stems from PSI and 2.7
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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturesreported having access to a card payment method such as a debit or credit card. However, among all
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