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Deadline for liberalisation of household and SME NPLs looms closer
EconomyApart from pension reform, one of the most socially and politically sensitive issues of the first programme review is the full liberalisation of the non-performing loan (NPL) market.
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Stable credit standards and mixed trends in demand for Greek loans in Q4
EconomyMacroeconomyCredit standards for both corporate and household loans were kept broadly unchanged in the last quarter (Q4) of 2015, Bank of Greece (BoG) bank lending survey (BLS) data displayed on Tuesday.
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ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomyGreek banks’ Eurosystem funding continued heading south for the sixth straight month dropping by 5.89 billion in December after a 5.98 billion fall in November, Bank of Greece's (BoG) 2015 balance sheet showed on Monday.
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Time deposit rate eases by another 5 bps in Nov, average loan rate drops 16 bps
EconomyMacroeconomyGreek households’ new time deposit rate eased by 5 another basis points (bps) to just above the 1-percent mark in November, Bank of Greece (BoG) figures showed on Friday.
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Credit contraction further accelerates to 2.2 pct in November
EconomyMacroeconomyGreek bank credit contraction further accelerated to 2.2 percent in November from an upward revised 2 percent in October, Bank of Greece (BoG) figures displayed on Wednesday.
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Deposit flow remains negative for the second straight month with outflows of 390 mln in November
EconomyMacroeconomyThe Greek banking system recorded deposit outflows for the second successive month of 390 million in November from 681 million in October, Bank of Greece (BoG) figures displayed on Wednesday.
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Eurobank sells insurance arm to Fairfax for 316 mln
EconomyBankingEurobank announced on Tuesday that it has reached an agreement with its shareholder Fairfax for the sale of an 80 percent stake in the bank’s insurance subsidiary Eurolife.
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NBG boosts capital base by selling total stake in Finansbank
EconomyBankingNational Bank of Greece (NBG) announced early on Tuesday that it has entered into a definitive agreement with Qatar National Bank (QNB) for the sale of a 99.8 percent stake in its Turkish arm Finansbank for a total consideration of 2.75 billion euros.
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Last round of Greek banks' recapitalisation drastically shifts shareholder structures
EconomyThe introduction of Greek banks’ new shares for trading officially completed their last recapitalisation process. These shares largely resulted from the international bookbuilding process and the voluntary bond swap offers (LME).
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Sharp drop of 5.3 bln for Greek ELA funding after completion of capital increases
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 5.98 billion euros in November following a drop by 2.01 billion in October, Bank of Greece's (BoG) monthly financial statement displayed on Monday.