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Deposits stay positive with 870.1 mln inflow in April
EconomyMacroeconomyNet deposit movement in the Greek banking system remained positive and showed inflows of 870.1 million in April compared to inflows of 1.14 billion in March, Bank of Greece (BoG) figures revealed on Tuesday.
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Technical talks progress but debt relief, credit line continue to grate
EconomyProgrammeTechnical discussions between the creditors and the Greek government began in Athens on Monday against a backdrop of continuing disagreements over debt relief and whether Greece needs a precautionary credit line after the programme ends in August.
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Banks focus on defining challenge of reducing NPEs
EconomyBankingHaving breathed a sigh of relief following the conclusion of the stress test exercise, which did not indicate any need for raising significant additional capital, Greek banks can now continue without any distractions to tackle the major challenge of de-risking their balance sheets by reducing the number of non-performing exposures (NPEs).
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Lenders return to Athens with much work ahead to reach SLA by May 24
EconomyProgrammeThe effort to reach a staff-level agreement (SLA) by the May 24 Eurogroup resumes in Athens on Monday with the return of the institution’s technical teams, who will be followed by the mission chiefs.
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Eurosystem funding decline picks up pace to 3.26 bln in April
EconomyMacroeconomyGreek banks’ Eurosystem funding fell notably by 3.26 billion euros in April, Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
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Bank stress tests find no capital needs, clearing path for MoU exit
EconomyBankingThe European Central Bank’s (ECB) Banking Supervision announced on Saturday the results of the 2018 stress tests for Greece’s four systemic banks following the same methodology and approach as the EU-wide EBA exercise.
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Strong deposit growth of 1.14 bln noted in March
EconomyMacroeconomyNet deposit movement in the Greek banking system turned strongly positive in March, with inflows of 1.14 billion compared to inflows of 59 million in February, Bank of Greece (BoG) figures revealed on Monday.
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Institutions prepare for Athens return, completion of fourth review
EconomyProgrammeThe institutions will return to Athens on May 14 with a view to securing a staff-level agreement (SLA) to bring the fourth review to a close later in the month, the Eurogroup decided on Friday.
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Eurosystem funding drops by 1.45 bln in March as ELA reduction offsets ECB rise
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by around 1.45 billion euros in March, the Bank of Greece's (BoG) monthly financial statement revealed on Friday.
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Debt, fiscal path still divide lenders ahead of Washington Group meeting
EconomyProgrammeAll eyes will be on Friday’s meeting of the so-called Washington Group at the sidelines of the International Monetary Fund’s Spring Meetings, with Athens hoping that the gathering of some of its lenders will provide greater clarity about the upcoming programme exit.