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Banking
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EconomyBanking
Greek banks eye positive market appetite for bad loan sales Ahead of the EU’s stress tests and improving sentiment, Greece’s banks have begun making further inroads into their plans for reducing bad loans on their books.
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EconomyBanking
Banks gear up for 2020 stress tests as evaluation begins The European Central Bank (ECB) announced last Friday the beginning of the stress test process for 2020, an EU-wide exercise that will be led by the European Banking Authority (EBA) and will examine 35 significant euro area banks, which are directly supervised by the ECB and cover 70 percent of banking sector assets in the eurozone.
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EconomyMacroeconomy
Credit contraction of 0.5 pct in Dec, balance at 154.29 bln Credit contraction in the Greek market came to 0.5 percent in December from 0.2 percent in November, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyProgramme
Lenders conclude 'productive' talks on fifth review but issues remain as Athens targets fiscal space The fifth post-programme surveillance review was completed on Friday following three days of talks between the Greek authorities and the heads of the institutions in Athens that were preceded by a week of discussions with the technical teams during the previous week.
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Economy
Deadline looms for troubled home protection scheme as insolvency law is lined up The sensitive issue of protecting primary residences from foreclosures, which over the last decade was dealt with by the so-called Katseli law that was introduced very early in the crisis and then extended by subsequent administrations, is starting to move up the agenda of key stakeholders.
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EconomyBanking
Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme Alpha Bank announced that it has started the process to execute one of the largest bad loan securitisations by a Greek bank.
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EconomyMacroeconomy
Credit contraction at 0.3 pct in November, balance at 155.53 bln Credit contraction in the Greek market came to 0.3 percent in November from 0.2 percent in October, Bank of Greece (BoG) figures showed on Friday.
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EconomyMacroeconomy
Deposits drop by 206 mln in November Net deposit movement in the Greek banking system were negative by 206 million euros in November, following inflows of 643 million in October, Bank of Greece (BoG) figures revealed on Friday.
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Economy
BoG sets out positives and next steps for economy, forecasts 2.4 pct growth in 2020 The Bank of Greece (BoG) submitted to Parliament on Friday its interim monetary policy report for 2019 in which it outlines a range of areas that Greek authorities should take encouragement from, while stressing others that require focus and pose challenges in the near and longer terms future.
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EconomyBanking
Q3 sees loans managed by servicers rise by 10.8 pct QoQ to reach 20.11 bln The Bank of Greece (BoG) released a new quarterly bulletin last week detailing statistics regarding the operations of Credit Servicing Firms (CSFs).