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EconomyMacroeconomy
Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall Greek banks’ Eurosystem funding fell by another 3.3 billion euros in November, after a broadly similar drop of 3.53 billion in October, Bank of Greece's (BoG) monthly financial statement showed on Tuesday.
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EconomyBanking
HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings The Hellenic Financial Stability Fund (HFSF) recorded net losses of 1.14 billion in the first half of 2016 from 4.15 billion in the corresponding period last year, according to the interim financial report published on Wednesday
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EconomyMacroeconomy
Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent Greek households’ new time deposit rate dropped for the second straight month, albeit at a slower pace, by 3 basis points (bps) to 0.76 percent in October, after a decline by 8 bps in September, Bank of Greece (BoG) data displayed on Friday.
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EconomyBanking
Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets Alpha Bank concluded the reporting period of the four systemic Greek banks releasing its third-quarter (Q3) results on the last day of November.
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EconomyMacroeconomy
Bank of Greece reveals lenders' NPE challenge and sets out path to recovery The Bank of Greece (BoG) published on Wednesday its first report on the operational targets for non-performing exposures (NPEs).
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EconomyMacroeconomy
Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln The rate of credit contraction in the Greek market slowed slightly to 1.6 percent in October from 1.7 percent in September, Bank of Greece (BoG) figures displayed on Monday.
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EconomyMacroeconomy
Deposits rise to 124.6 bln in Oct on inflows of 1 bln The Greek market posted deposit inflows of 1.02 billion euros in October after outflows of 379 million in September, Bank of Greece (BoG) figures showed on Monday.
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Legal
Out-of-court settlement: An important tool to regulate debts to banks and public sector The Greek government intends to pass a law concerning the out-of-court settlement of debts of entities with trading licenses in an effort to regulate the so called “red loans” owed to banks, funds and the government.
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EconomyBanking
NBG turns profitable in Q3, NPE stock drops further by 1 billion National Bank of Greece (NBG) turned profitable again in the third quarter (Q3) of 2016 with a positive bottom-line result of 16 million from losses of 3.06 billion in Q2, which fully reflected a one-off loss of 3.1 billion related to the recycling of Finansbank’s losses that were previously recognised in other comprehensive income.
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EconomyBanking
Moody’s changes outlook for Greek banks from negative to stable In a report released on Tuesday, Moody’s upgraded Greek banks’ outlook to stable from negative on the back of improving profitability and funding, which are expected to normalise from a very weak base.