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EconomyBanking
Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets Eurobank posted an improvement in net profits to 85.4 million in the third quarter (Q3) of 2016 from 46.2 million in the previous quarter.
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EconomyBanking
Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends Piraeus Bank reported a positive bottom-line result for the second straight quarter, with net profits rising to 31 million euros in the third quarter (Q3) of 2016 from 20 million in the previous quarter.
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EconomyMacroeconomy
In 16th successive fall, Eurosystem funding drops by 3.5 bln in Oct Greek banks’ Eurosystem funding dropped by another 3.53 billion euros in October after a decrease by 3.15 billion in September, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
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EconomyBanking
NBG elects chairman, HFSF calls time-out in dispute over management The turmoil at the National Bank of Greece (NBG) caused by the dispute between the NBG top management and the Hellenic Financial Stability Fund (HFSF) over the new chairman at the bank seems to have temporarily ended on Wednesday.
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EconomyBanking
Deadlock at NBG over chairman appointment While it is widely acknowledged that the key challenge for Greek banks going forward is tackling the huge stock of non-performing exposures (NPEs), a new complication emerged over the past few days regarding the appointment of a new chairman at National Bank (NBG).
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EconomyMacroeconomy
Average loan rate falls by 26 bps, time deposit rate down by 8 bps to new record low in September Greek households’ new time deposit rate fell by 8 basis points (bps) to 0.79 percent in September, after remaining broadly flat in the previous three months, Bank of Greece (BoG) data showed on Thursday.
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EconomyBanking
Alpha and NBG complete sales of hotels Two of the four core Greek banks, Alpha and NBG, announced the completion of the sale of their hotel subsidiaries at the end of last week. Both transactions are part of the banks’ restructuring plans, which include, among others, disposal of non-core assets.
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EconomyMacroeconomy
Bank credit contracts by 1.7 pct in September on loan deductions of 355 million The rate of credit contraction in the Greek market remained stable at 1.7 percent in September, Bank of Greece (BoG) figures showed on Thursday.
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EconomyMacroeconomy
Deposits edge down to 123.5 bln in September on outflows of 379 mln The Greek market recorded deposit outflows of 379 million euros in September, following inflows of 1.33 billion in August, Bank of Greece (BoG) figures displayed on Thursday.
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EconomyMacroeconomy
Credit standards and demand for Greek loans remain stable in Q3 As previously estimated, credit standards for Greek corporate and household loans remained broadly unchanged quarter on quarter (QoQ) in the third quarter (Q3) of 2016, Bank of Greece (BoG) bank lending survey (BLS) showed on Tuesday.