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Economy
BoG highlights how Covid-19 compounds legacy issues and structural challenges The Bank of Greece (BoG) published its Monetary Policy Report for 2020 on Monday, outlining the numerous challenges that the pandemic will pose on the Greek economy, public finances and the banking system.
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EconomyMacroeconomy
Apartment prices rise by 6.9 pct in Q1 The rise in the nominal value of apartments in Greece came to 6.9 percent year-on-year (YoY) in the first quarter (Q1) of 2020 from a revised increase of 7.6 percent in Q4 2019, Bank of Greece (BoG) data showed on Thursday.
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EconomyBanking
Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact Piraeus Bank’s first quarter (Q1) results revealed a net loss of 232 million euros compared to a net profit of 189 million euros in Q4 2019.
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EconomyBanking
Eurobank net profits at 56.8 mln in Q1 Eurobank recorded net profits of 56.8 million euros in the first quarter (Q1) of 2020 compared to net profits of 32.6 million in Q4.
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EconomyMacroeconomy
Deposits rise by 1.43 bln in April Net deposit movements in the Greek banking system were positive by 1.43 billion euros in April, dropping from inflows of 1.43 billion in March, Bank of Greece (BoG) figures revealed on Friday.
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EconomyBanking
Alpha Bank posts net loss of 10.9 mln in Q1 Alpha Bank reported a net loss of 10.9 million euros for the first quarter (Q1) of 2020 compared to net profits of 5.4 million euros in Q4 2019.
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EconomyBanking
NBG results show net profits of 409 mln euros on strong trading income in Q1 National Bank of Greece (NBG) reported a net profit of 409 million euros from continued operations in the fιrst quarter (Q1) of 2020, compared to 18 million euros in Q4.
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EconomyBanking
BoG governor renews calls for launch of bad bank and ESM use Bank of Greece governor Yannis Stournaras has reiterated calls for the immediate implementation of Greece’s bad bank to deal with the reduction of NPEs.
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EconomyBanking
Exposure to tourism sector a concern for banks despite effort to save season As Greece moves to reopen its tourism season, the implications for Greece’s banking sector could be widespread thanks to the loan exposure that Greek banks have to this sector.
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EconomyBanking
Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation Eurobank announced last week that it was submitting the securitisation of the final arm of their Cairo portfolio to the government’s Hercules scheme.