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NPLs
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EconomyProgramme
Focus of banking sector commitments shift to NPL reduction, debt restructuring framework The safeguarding of financial stability is one of the pillars of Greece’s third programme and the Supplemental Memorandum of Understanding (sMoU) has a section dedicated to the banking sector, with the focus on the secondary market for Non-Performing Loans (NPLs), debt restructuring and insolvency procedures and the overall governance of Hellenic Financial Stability Fund (HFSF) and the banks.
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EconomyMacroeconomy
Credit contraction at 1 pct in March, balance at 180.34 bln Credit contraction in the Greek market came to 1 percent in March compared to a contraction of 0.9 percent in February according to Bank of Greece (BoG) figures released on Monday.
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EconomyMacroeconomy
Banks meet NPE targets in Q4, reduction at highest rate since start of crisis Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the fourth quarter (Q4) of 2017 according to the sixth quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) on Thursday afternoon.
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EconomyBanking
NBG reports net loss of 163 mln in 2017, bad loans continue to fall National Bank of Greece (NBG) reported a net loss of 60 million euros in the fourth quarter (Q4) of 2017 from continued operations, deepening from the loss of 44 million in Q3.
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EconomyMacroeconomy
Credit contraction at 1 pct in February on lower household, and corporate lending Credit contraction in the Greek market deepened by 1 percent in February from a contraction of 0.8 percent in January according to Bank of Greece (BoG) figures released on Tuesday.
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EconomyBanking
Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss Alpha Bank reported net profits of 21.1 million euros for the full year of 2017. Net profits from 2016 stood at 42.1 million, resulting in an annual decline of 50.1 percent.
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EconomyBanking
Greek banks' NPL selloff gathers speed Amid the final stretch for Greece ahead of exiting its programme in August, there is one point of discussion that negotiations keep returning to, that of the bad loans plaguing the country’s banking system.
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EconomyBanking
Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target Eurobank recorded net profits of 53.3 million euros in the fourth quarter (Q4) of 2017 from 61.2 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 12.6 percent.
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EconomyMacroeconomy Credit contraction at 0.8 pct in January as household, corporate lending falls Credit contraction in the Greek market remained unchanged at 0.8 percent in January, staying static for a fourth month, Bank of Greece (BoG) figures showed on Tuesday.
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PoliticsGreek Politics
Novartis bribery claims to be examined by parliamentary inquiry SYRIZA has decided to ask for Parliament to investigate the allegations that as many as 10 former Greek politicians were bribed by pharmaceutical giant Novartis, in what is becoming the most dominant issue in Greek politics at the moment.