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Banking
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EconomyBanking
Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets The Greek government appears to have submitted to the European Commission its final proposal for an Asset Purchase Scheme (APS), which it hopes will help local banks substantially reduce their stock of non-performing loans.
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EconomyBanking
H1 bank results show performance stabilising, laying ground for further improvement Greece’s systemic banks reached the end of the first half of 2019 with relatively strong performance and the further derisking of their balance sheets as efforts continued to offload bad loans.
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EconomyBanking
Eurobank net profits at 6 mln in Q2 amid increasing securitisations Eurobank recorded net profits of 6 million euros in the second quarter (Q2) of 2019 compared to net profits of 19.7 million in Q1.
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EconomyBanking
Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year Alpha Bank reported net profits of 59.4 million euros for the second quarter (Q2) of 2019, growing from net profits of 27.5 million posted in Q1.
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EconomyBanking
NBG reports net profits of 122 mln in Q2, highlights successful bond sale National Bank of Greece (NBG) reported a net profit of 122 million euros from continued operations in the second quarter (Q2) of 2019, down from profits of 131 million euros reported in Q1.
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EconomyBanking
Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up Piraeus Bank’s second quarter (Q2) results revealed net results from continued operations showing a profit of 20 million euros compared to a net profit of 14 million in Q1 2019.
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EconomyMacroeconomy
Credit contraction at 0.1 pct in Jul, balance at 160.33 bln Credit contraction in the Greek market edged down to 0.1 percent in July from 0.2 percent in June, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyBanking
Capital controls to be abolished ahead of schedule Prime Minister Kyriakos Mitsotakis announced on Monday that the government was moving ahead with the full lifting of the capital controls that have been in place in Greece since the summer of 2015.
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EconomyBanking
BoG awaits go-ahead from DG Comp over NPL scheme The Bank of Greece (BoG) has reportedly finalised, in collaboration with Rothschild & Co, its plan for the reduction of bad loans on the books of the country’s systemic banks.
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PoliticsGreek Politics
Third bill on way as Athens looks to autumn reforms, negotiations with creditors The third of three bills New Democracy wants to pass before Parliament’s summer recess is due to be submitted to the House on Friday as the government looks towards the challenges it faces in the autumn, particularly in terms of its negotiations with the institutions.