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Economy
BoG insists on need for bad bank, sees EU funds boosting recovery from 2021 The Bank of Greece tabled its interim monetary policy report for 2020 on Monday, shedding light on how it expects the Greek economy and banking system to develop next year.
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EconomyBanking
NBG results show net profits of 602 mln euros in 9M National Bank of Greece (NBG) reported net profits of 602 million euros from continued operations in the fιrst nine months (9M) of 2020, compared to 452 million euros in 9M 2019.
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EconomyBanking
Piraeus Bank posts pre-tax losses of 133 mln in 9M Piraeus Bank’s nine-month (9M) results revealed pre-tax losses of 133 million euros compared to pre tax profits of 110 million euros in the relevant period in 2019.
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EconomyBanking
Eurobank net results show loss of 1.08 bln in 9M Eurobank recorded net results of a loss of 1.08 billion euros in the nine-month period (9M) of 2020 compared to net profits of 94.3 million in 9M 2019.
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EconomyBanking
Bridge scheme activated as banks look to avoid second-wave NPL increase The ‘Bridge’ scheme for mortgage subsidies, which will subside up to 90 percent of payments from eligible individuals, has been activated as part of a number of mechanisms to relieve pressure on borrowers hit by the coronavirus pandemic.
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EconomyBanking
All eyes on Piraeus as share price tumbles amid coupon payment concerns The banking sector, particularly Piraeus Bank, was at the centre of attention last week, experiencing significant price turbulence as a result of concerns about coupon payments linked to the recapitalisation carried out five years ago.
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EconomyBanking Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing With Greece’s coronavirus numbers still climbing, Greece’s banking system is continuing with its bad loan reduction plans and an eventual return to normal operations.
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EconomyMacroeconomy
Credit growth in August up by 1.9 pct Credit movement in the Greek private sector rose by 1.9 percent in August after an increase of 1.5 percent in July, Bank of Greece (BoG) figures showed on Friday.
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Economy
BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually Speaking at an online event organised by a local think-tank, Bank of Greece governor Yannis Stournaras presented the central bank’s updated estimates regarding the impact of the pandemic on the economy.
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EconomyBanking
Banks remain largely profitable in Q2, with focus on NPL reductions Greece’s four systemic banks completed the second quarter of the year with relatively stable performance results amid the pandemic.