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Fraud probe at Hellenic Postbank a sign of bigger things to come?
PoliticsGreek Politicscollateral. Following a strategic assessment conducted by the Bank of Greece (BoG) in March 2012, Hellenic Postbank was identified as non-core bank. Later in January 2013, the BoG decided to split the bank... a license by BoG, fully capitalised by the Hellenic Financial Stability Fund (HFSF) being its sole
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Greek banks' reliance on Eurosystem funding rose in December for first time since April
EconomyMacroeconomyCentral Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, rose by 2.92 billion euros in December, according to the BoG’s 2013 annual accounts. The hike in December... as collateral by the ECB. Accordingly, the ECB funding was replaced by the liquidity provided by the BoG ELA
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economybillion according to the Bank of Greece (BoG). However, HFSF assumes a higher amount close to 11... troika sources point to a higher figure close to 14 billion. The BoG and HFSF favour retaining... Minister Yiannis Stournaras has recently stated he awaits the outcome of the BoG report on banks’ capital
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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomymonth in December with balances reaching 163.25 billion euros, according to the Bank of Greece (BoG..., with balances reaching 217.92 billion euros, according to the BoG. Loan balances eased 0.5 percent... percent at the end of June from 24.5 percent at the end of 2012, according to the BoG's latest
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EC sticks with 0.6 pct growth for Greece in 2014 but also sees C/A deficit
Economyto a recent Bank of Greece (BoG) release, which showed a Current Account (C/A) surplus of 1.24 billion... excluding the SMP income of 2.03 billion, the deviation between the BoG and EC numbers remains... and 1.6 percent of GDP respectively. In contrast, BoG forecasts point to an expansion of the C/A surplus
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Greek deposits down 0.3 pct in Feb, credit contraction stable
EconomyMacroeconomyreaching 160.54 billion euros, according to the Bank of Greece (BoG). Net flow remained negative... reaching 216.64 billion euros, according to the Bank of Greece (BoG). Loan balances eased 0.4... quarter, according to BoG latest data. As expected, the consumer credit sector excels with its NPL
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Greek banks' Eurosystem funding down for second month in a row in Feb
EconomyMacroeconomy, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure settled... released by the BoG, it is unclear at the moment whether lower Central Bank funding stems from... (67.6 billion) since its peak at 135.60 billion in June 2012. The ELA mechanism was launched by BoG
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Better income account helps squeeze Greek C/A deficit in January
EconomyMacroeconomymillion last year, according to the Bank of Greece (BoG). The 6.1 percent year on year (YoY) drop... and payable to Greece following a Eurogroup decision in November 2012. The BoG latest estimates point to a surplus of about 2 percent in 2014. The key risk to the BoG’s short-term projections lies
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Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010
EconomyMacroeconomyof Greece's (BoG) monthly financial statement. The headline figure landed at 60.69 billion, its lowest..., the lowest reading since December 2012. March deposit data is due to be released by the BoG... 2012. The year to date decrease stands at 12.3 billion. The ELA mechanism was launched by BoG back
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National Bank follows other Greek lenders' by opting for capital increase
EconomyBankingwas the only Greek bank initially stressing on March 6 – the day Bank of Greece (BoG) disclosed Greek... to institutional and other eligible investors. NBG also noted the BoG has already approved other capital... identified by the BoG as a result of the Blackrock diagnostic exercise under the baseline scenario
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