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EconomyBanking
Greek banks push for return to normality Greece’s banks form a crucial element in the country’s road to economic recovery, and recent indicators point to signs of a delicate improvement.
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EconomyMacroeconomy
Credit contraction at 1.2 pct in June, balance at 178.87 bln Credit contraction in the Greek market softened to 1.2 percent in June from a contraction of 1.9 percent in May, Bank of Greece (BoG) figures released on Wednesday showed.
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EconomyBanking
Piraeus enters agreement for sale of 2.2 bln loan portfolio Piraeus Bank took another step towards reducing its pile of bad loans when it announced on Monday that it had entered into a binding agreement with APS Investments S.a.r.l. (APS) for the sale of a loan portfolio.
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EconomyMacroeconomy
Credit contraction unchanged at 1.9 pct in May, balance at 179.34 bln Credit contraction in the Greek market remained at 1.9 percent in May, unchanged from April, according to Bank of Greece (BoG) figures released on Wednesday.
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EconomyBanking
The race to reduce Greece's bad loans Ahead of this week’s Eurogroup, the bad loans plaguing Greece’s banks are once again coming into focus.
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EconomyMacroeconomy
Banks meet NPE targets in Q1 but mortgage reductions remain slow Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the first quarter (Q1) of 2018 according to the seventh quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) on Wednesday afternoon.
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EconomyBanking
Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter Alpha Bank reported net profits of 65.2 million euros for the first quarter (Q1) of 2018, reversing the loss of 64 million in Q4 2017.
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EconomyBanking
Eurobank net profits at 34.5 mln in Q1 Eurobank recorded net profits of 34.5 million euros in the first quarter (Q1) of 2018, representing a year-on-year (YoY) decline of 5.5 percent versus net profits of 36.5 million euros in Q1 2017.
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EconomyBanking
Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln Piraeus Bank has agreed the sale of a corporate NPE portfolio worth 1.95 billion euros as part of its ongoing strategy to reduce the volume of bad loans on its books.
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EconomyMacroeconomy
Credit contraction deepens to 1.9 pct in April, balance at 179.13 bln Credit contraction in the Greek market deepened to 1.9 percent in April compared to a contraction of 1 percent in March, according to Bank of Greece (BoG) figures released on Tuesday.