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EconomyMacroeconomy
Credit contracts by 4.1 pct in March, loans down by 3.4 pct The year on year (YoY) credit contraction in the Greek market slightly accelerated to 4.1 percent in March from 4 percent in the preceding two months, with balances reaching 215.88 billion euros, according to the BoG.
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EconomyMacroeconomy
Slight rise in deposits for March but outflows at 2.2 bln for 2014 Greek private sector deposits rose 0.3 percent month on month (MoM) in March, with balances reaching 161.05 billion euros, according to the Bank of Greece (BoG).
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EconomyBanking
National Bank follows other Greek lenders' by opting for capital increase As had been rumoured, National Bank of Greece’s board (NBG) decided on April 16 to call an Extraordinary General Meeting for May 10 to approve a capital increase of up to 2.5 billion euros.
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EconomyBanking
Eurobank gears up for crucial but contentious capital increase Eurobank, Greece’s fourth largest lender, is preparing to carry out before the end of this month a share capital increase that will ensure its capital adequacy but which has many opponents due to the controversial nature of the method that has been chosen.
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EconomyMacroeconomy
Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010 Greek banks’ Eurosystem funding dropped in March at the fastest pace since May 2013. It fell by 7.3 billion in what was the third successive month that funding declined, according to the Bank of Greece's (BoG) monthly financial statement.
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EconomyBanking
Bank framework paves way for Eurobank capital increase, gives HFSF flexibility Alpha and Piraeus banks successfully completed at the beginning of the week their capital increases of 1.2 and 1.75 billion respectively via private placements conducted through book-building processes with foreign investors.
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EconomyMacroeconomy
Greek deposits down 0.3 pct in Feb, credit contraction stable Greek private sector deposits fell 0.3 percent month on month (MoM) in February, with balances reaching 160.54 billion euros, according to the Bank of Greece (BoG).
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EconomyMacroeconomy Greek banks' Eurosystem funding down for second month in a row in Feb Greek banks’ Eurosystem funding eased for the second straight month by 2.85 billion in February, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure settled at 67.99 billion, below the 70-billion mark for the first time since March 2010.
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EconomyMacroeconomy
Eurosystem funding for Greek banks eases by 2.18 bln in January Following a brief rise in December, Greek banks’ Eurosystem funding resumed its downward trend in January easing by 2.18 billion euros, according to the Bank of Greece (BoG) monthly financial statement.
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EconomyMacroeconomy Greek deposits fell by 1.4 pct in January amid outflows of 2.3 bln Greek private sector deposits fell 1.4 percent month on month (mom) in January with balances reaching 161.03 billion euros, according to the Bank of Greece (BoG).