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EconomyMacroeconomy
BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report The Bank of Greece’s (BoG) monetary policy report, submitted to the Parliament last Friday, outlined a downwardly revised 2017 GDP forecast of 1.6 percent from 2.5 percent previously.
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EconomyBanking
NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps National Bank of Greece (NBG) announced on Thursday it entered into an agreement with the Dutch EXIN Financial Services Holdings BV for the sale of a 75 percent stake in Ethniki Insurance, NBG’s insurance subsidiary in Greece.
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EconomyMacroeconomy
Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln The pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from 0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyMacroeconomy
Deposit flow in positive territory at 638 mln in May The deposit flow in the Greek banking system turned positive in May, with inflows of 638 million following outflows of 139 million in April, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyMacroeconomy
Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance Greek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped by another 2.22 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
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EconomyMacroeconomy
BoG reveals number of indebted borrowers, details business NPEs Following the most recent data on the qualitative characteristics of the non-performing exposures, BoG deputy governor Theodoros Mitrakos revealed important aspects of NPEs.
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EconomyMacroeconomy
Banks meet overall NPE reduction target in Q1 2017, largely on write-offs Greek banks continued meeting their NPE reduction target in Q1 2017, the third quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) revealed.
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EconomyBanking
Bank branches fall in 2016, degree of concentration highest in EU Greek banks reduced their branch network and employees in the domestic market further, according to the dataset of structural financial indicators for the EU banking sector which was published by the ECB.
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EconomyMacroeconomy
Deposit interest rates largely unchanged in April, average loan rate increases Greek households’ new time deposit rate edged up by 2 basis points (bps) to 0.68 percent in April, Bank of Greece (BoG) figures showed on Friday.
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EconomyBanking
Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs Alpha Bank concluded the release of Greek banks’ first quarter (Q1) results, remaining profitable for the third successive quarter with net profits more than doubling.