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Moody’s changes outlook for Greek banks from negative to stable
EconomyBankingby the end of 2017 from around 45 percent in June 2016. However, the rating agency stresses... constrain credit expansion and banks’ revenue growth. In specific, contraction in the private sector credit is expected to slow in 2016 and then stabilise or marginally increase in 2017. The primary
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BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report
EconomyMacroeconomyand for debt to be manageable. The report stresses that the outlines given at the Eurogroup meeting of June... controls. The bank notes that the contraction of credit to nonfinancial entities appears to be bottoming out, while the annual rate of of decline in credit to households is almost zero. Capital adequacy
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S&P revises Greece outlook to positive, affirms 'B-' rating
Economyscheduled credit rating review published on Friday evening. The positive outlook indicates... months. It is noted that a month ago Moody’s upgraded Greece’s credit rating by one notch to ‘Caa2... official lenders to further improve debt sustainability. Following the agreement reached at June 15
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Fitch upgrades Greek rating to 'B,' sees hybrid MoU exit and 2.1 pct growth this year
EconomyFitch upgraded on Friday Greece’s long-term credit rating by one notch to ‘B’ from ‘B.... The forms of the debt relief are envisioned to be along the lines of the June 2017 Eurogroup...” exit from the programme that will not entail a precautionary credit line but significant conditionality
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Rating agencies up Greece's scores, adding to positive outlook
Economywith improved credit scores by all raters and sustained the positive outlook for the country’s prospects. S&P... that was outlined in the May 2016 and June 2017 Eurogroups. This will keep Greece’s gross financing... of the “clean exit” without a formal precautionary credit line but strong conditionality for the debt
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Capital controls eased, allowing larger withdrawals and doubling limit on business transfers abroad
EconomyMacroeconomyJune 4, starting with the monthly amount that Greeks will be allowed to withdraw from their bank... depositor and per credit institution. The amounts that can be transferred in cash per trip abroad also... abroad via credit institutions or transfer companies are also being relaxed. The amount is being raised
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Agora, from property to industrial equipment were severely impacted by a complete lack of credit and ongoing... was pushed up by abundant and cheap credit since the introduction of the euro. Property prices, though... of 2009 and June 2012 when close to 87 billion euros left the banking system and the second in the first
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Athens welcomes volume, form of Commission's pandemic recovery plan
Economy, the potential 200 billion loans from EIB that will be mostly directed to SMEs, and the ESM’s pandemic credit... that the government was wary of considering the option of the ESM credit line, despite being able to claim up... but accepts that the upcoming talks will be challenging in the run-up to the EU Council on June 18
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Alpha Bank posts net loss of 10.9 mln in Q1
EconomyBankingof forward - looking macro parameters used in the models to calculate expected credit losses, management... in the ECB’s LTRO facility, maturing June 2020. The repo balance increased by 200 million QoQ to 6.5... volatility and drawdown of untapped credit lines deposited in sight accounts. Breaking down Greek inflows
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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBanking, interest remained strong from investors. In June, the National Bank of Greece (NBG) entered into an agreement with Bain Capital Credit for the sale of a non-performing secured corporate loan portfolio code... of the portfolio to a loan and credit management company regulated by the Bank of Greece (BoG) under
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