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Greece and Turkey move ahead with talks on Confidence Building Measures
PoliticsForeign PolicyDelegations from Greece and Turkey discussing Confidence Building Measures (CBMs) are due to meet at the Ministry of Defence in Athens on Monday. The delegations will be led by ambassador Theocharis Lalakos and Turkey’s deputy foreign minister Burak Aksapar, respectively. High-ranking military
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Athens wary of implications from Erdogan's cancelled trip to Washington
PoliticsForeign Policywith his counterpart, Burak Akcapar in İstanbul on April 26 for the 6th round of discussions
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After Q3 results, what next for Greek banks?
Agorawith the respective integration costs at 100-140 million and 420 million respectively. As expected, NPL ratio continued heading north mainly due to deleveraging (i.e. lower denominator), while NPL formation (the rate... written-off. The weighted-average Greek NPL ratio of the top four banks stood at 32.1 percent
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How Greek banks moved into a new era
AgoraNPLs rising The asset quality showed the non-performing loan (NPL) ratio rising to 37.9 percent... has benefitted from its Turkish subsidiary (Finansbank) having an NPL ratio of just 6 percent.... The highest quarterly NPL increase was posted by Eurobank, which saw a rise of 1.5 percentage
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This is the government's strategy on banks and NPLs as part of third bailout
EconomyOn the NPL front, the authorities will prepare a reliable strategy for dealing with NPLs aiming... on the segmentation of NPLs in banks’ balance sheets and the evaluation of their ability to address each NPL category... of NPL settlement, including the servicing and disposal of NPLs, protecting at the same time the most
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingrespectively. Unlike NPEs, the domestic NPL formation increased to 188 million in Q3, from just 2 million in Q2. This is entirely attributed to the corporate sector, where NPL formation rose to 280 million in Q3... classified as NPEs. In contrast, the retail NPL formation was kept negative in Q3 with small business
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingloan (NPL) formation in Greece remained negative for the third successive quarter, significantly... a positive formation of 67 million. As a result, the Greek NPL stock fell to 18.8 billion euros... in H2 for the bank to meet the end-year NPL target of 17.6 billion. The reduction in the NPL stock led
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingdeclined by around 3 billion euros. Broken down by segment, gross NPL formation in Greece showed... million). The reduction in the NPL stock led to an improvement in the NPL ratio to 34.3 percent in Greece and to 34.9 percent on a group level, with the NPL coverage ratio remaining largely unchanged at 66
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Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
EconomyMacroeconomyAppearing before Parliament’s economic affairs committee on Monday Bank of Greece (BoG) Governor Yannis Stournaras presented the organisation’s monetary policy report, which was released a month ago, and provided an update on Greek banks’ loan quality a...
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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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