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NPLs
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EconomyProgramme
Fresh reminder about pending reforms for Athens, which remains confident on goals Speaking at the Capital Link Forum in New York on Tuesday, a day after European Commission official Declan Costello had issued another reminder that Athens must ensure it completes its pending reforms on time, Finance Minister Euclid Tsakalotos appeared confident that there would not be any delays.
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EconomyBanking
NBG net profits decline to 8 mln in Q3, NPLs continue to fall National Bank of Greece (NBG) reported a net profit of 8 million euros from continued operations in the third quarter (Q3), declining from the figure of 21 million posted in Q2.
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EconomyBanking
Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M Alpha Bank reported a net profit of 41 million euros in the third quarter (Q3) of the year, attributable entirely to profits originating from continued operations.
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EconomyBanking
BoG highlights areas of concern in underlying NPE data In the overview of the financial system that the Bank of Greece (BoG) published last week, the central bank goes into detail about the issue of non-performing exposures (NPE), the composition and dynamics of the most challenging legacy that the crisis has left for the country’s credit institutions.
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EconomyBanking
Eurobank to merge with Grivalia Properties and create SPV to cut bad loans One of Greece’s four systemic banks, Eurobank, has announced shortly after releasing its third-quarter results that the bank is forming its own special purpose vehicle (SPV) for handling its pile of bad loans.
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EconomyBanking
BoG provides details of ambitious plans to slash NPLs via SPV In the overview of the Greek financial system that was published late on Thursday, the Bank of Greece (BoG) outlines its proposal for the systemic management of non-performing exposures (NPEs).
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EconomyBanking
Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time Eurobank recorded net profits of 45.1 million euros in the third quarter (Q3) of 2018 compared to profits of 1.1 million in the previous quarter.
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EconomyMacroeconomy
OECD sees 2.2 pct growth in 2019, stressing importance of reform adherence The Organisation for Economic Co-operation and Development (OECD) issued its expectations for how the Greek economy will grow in the near future with the release of its economic outlook, and stressed the importance of Greece sticking to its reform programmes.
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EconomyBanking
Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets Having weathered a tumultuous October, Greece’s domestic banking system and relevant stakeholders that include Bank of Greece and HFSF are looking into ways that will help banks reduce the risk on their books and bring down their non-performing exposures.
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EconomyBanking
APS option to help banks with bad loans seen gaining ground Greek authorities appear to be edging towards the option of creating an Asset Protection Scheme (APS) to help banks reduce their stock of bad loans, developments this week suggest.