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EconomyBanking
Value of HFSF's shareholdings in core Greek banks sinks to 18.5 bln The recent publication of financial statements for the first quarter of 2014 by Greece's bank rescue fund, the Hellenic Financial Stability Fund (HFSF), revealed a profit of 1.45 billion euros for the period in question. However, the value of HFSF's shareholdings in Greece's core lenders has dropped dramatically.
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EconomyMacroeconomy
Loan and deposit rates edge down in May but remain above euro area average Following a drop by 10 basis points (bps) in April, the interest rate on households’ new time deposits fell further by 18 bps 2.53 percent in May, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln The year on year (YoY) credit contraction in the Greek market further decelerated to 3.5 percent in May from 3.7 percent in April, with balances easing to 214.35 billion euros, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Deposits rise for third straight month in May, reaching 162.1 bln Greek private sector deposits rose 0.4 percent month on month (MoM) in May, with balances reaching 162.1 billion euros, according to the Bank of Greece (BoG).
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EconomyBanking
Ιnterest in exercising Alpha's warrants remains rather limited The results of the second exercise period of Alpha Bank’s warrants showed that 60.9 million warrants were exercised at the predefined price of 0.4576 euros.
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EconomyBanking
HFSF 2013 annual report unveils accumulated losses of 15.1 bln and potential recovery value of 34.4 bln The Hellenic Financial Stability Fund (HFSF) issued its 2013 annual report, which revealed some important financial information related to the Fund’s activities throughout last year.
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EconomyBanking Alpha Bank acquires Citigroup's retail banking unit in Greece Alpha Bank announced today it signed an agreement for the acquisition of Citigroup’s Greek retail banking business, also including Diners Club of Greece. This is the second major Μ&Α transaction for Alpha after the acquisition of Emporiki Bank by Credit Agricole in 2012.
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EconomyMacroeconomy
Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out Greek banks’ Eurosystem funding fell by 11.3 billion euros in May, the highest monthly drop since January 2013, according to the Bank of Greece's (BoG) monthly financial statement.
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EconomyMacroeconomy
Cost of Greek corporate loans rises in April, remains well above euro average After remaining stable for the past five months, the interest rate on households’ new time deposits eased by 10 basis points (bps) to 2.71 percent in April, according to the Bank of Greece (BoG).
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EconomyBanking
Piraeus Bank reports loss of 247 mln for Q1 Piraeus Bank concluded the first quarter (Q1) reporting season for Greek banks by posting a net loss of 247 million from 700 million in Q4.