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ECB's negative opinion on foreclosure bill creates another obstacle in bailout talks
EconomyProgrammefuture credit supply. The ECB stresses that the draft law is likely to incentivize debtors... to dampening of demand of new credit and overall economic activity. The ECB notes that the insufficiently
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Alpha Bank reports lower losses of 115.8 mln in Q1 2015
EconomyBankingcredit legislation impact on risk weighted assets (RWAs), the quarterly losses and valuation losses..., while excluding the positive impact from 2.7 billion of tax credit and 0.5 billion of other deferred tax
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National Bank posts losses of 159 mln in Q1 2015
EconomyBankingthe lowest among the core Greek banks also reflecting the significantly better credit quality. In absolute... credit legislation impact. The Basel III full loaded CET1 showed a slower drop to 8.7 percent in Q1
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OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
EconomyMacroeconomystresses that consumption and investment growth in 2015 will be undermined by deteriorating credit... sector. The OECD argues that if they are not addressed, credit conditions could deteriorate further
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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economyof 12 percent would help Greek banks to restore confidence enabling them to provide credit to the real...) are eligible for deferred tax credit (DTC), according to a tax framework passed by the Greek
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New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls
EconomyMacroeconomy. On the consumer credit front, the interest rate on loans without a fixed maturity (mostly credit
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBanking. The highest NPE ratios were posted in small business loans (71 percent) and consumer credit (67... deferred tax credit (DTC) of 510 million, while the goodwill impairment did not affect capital
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Regling and Wieser: The key points
Agorathat by resolving issues such as the NPL framework and recapitalising the banks, credit will start flowing... and [then] credit can flow back to the economy. It’s necessary to, one, recap the banks and, two, to clear
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Last round of Greek banks' recapitalisation drastically shifts shareholder structures
Economyprocess include: Credit Agricole and John Paulson, which control 8.78 and 6.52 percent of Alpha shares... with a 9.14 percent stake. In addition, Alpha’s Cypriot subsidiary Alpha Credit now controls 4.66
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Leaving Greece's annus horribilis behind
Agorainclude domestic commercial banks that are in a position to extend affordable credit to the real economy... quality of Greece’s major banks’ portfolios remains shaky at best. Credit risks on lenders’ balance
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