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Banking
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EconomyBanking
Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter Piraeus Bank reversed its first-quarter (Q1) net losses of 7 million to profit of 7 million in Q2, resulting in a break-even bottom-line result in the first half (H1) of 2017.
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EconomyBanking
Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation Eurobank remained profitable in the second quarter (Q2) of 2017, with net profits slightly increasing to 39.7 million euros Q2 from 36.5 million in the previous quarter.
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EconomyMacroeconomy
Eurosystem funding drops by 3.9 bln in July on big decline in ELA Greek banks’ Eurosystem funding fell for the 25th successive month in July when it declined by a further 3.89 billion euros, Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
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EconomyMacroeconomy
Capital controls to ease further from the beginning of September Individuals will be able to withdraw a lump sum of up to 1,800 euros per calendar month from September 1 as part of government moves to further relax the capital controls in place since 2015.
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EconomyFeatures
Mandatory e-payments come into force as Greece seeks to boost card use further Electronic payment options have become mandatory for a wider range of businesses and professions as a move to combat tax evasion and boost VAT revenues.
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EconomyMacroeconomy
Deposit inflows increase to 1.1 bln in June The deposit flow in the Greek banking system remained positive for the second straight month in June with inflows increasing to 1.09 billion from 638 million in May, Bank of Greece (BoG) figures revealed on Thursday.
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EconomyMacroeconomy
Credit contraction accelerates to 1.3 pct in June on loan deductions of 206 mln The pace of credit contraction in the Greek market accelerated for the second successive month in June, reaching 1.3 percent, Bank of Greece (BoG) figures showed on Thursday.
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EconomyMacroeconomy
Credit standards and demand for corporate, household loans stay stable in Q2 Credit standards for both corporate and household loans stayed unchanged from the previous quarter in Q2 of 2017, in line with earlier expectations, the Bank of Greece (BoG) bank lending survey showed on Tuesday.
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EconomyMacroeconomy
Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity Greek banks’ Eurosystem funding fell for the 24th successive month in June, when it dropped by another 2.67 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
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EconomyBanking
Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details Bank of Greece (BoG) released on Tuesday the third second issue of its semi-annual overview of the Greek financial sector presenting an analysis of the latest loan quality figures.