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EconomyMacroeconomy
Credit contraction remains at 0.9 pct in December Credit contraction in the Greek market remained unchanged at 0.9 percent in December, staying static for a third month, Bank of Greece (BoG) figures showed on Friday.
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EconomyProgramme
Lenders set ambitious e-auction targets for Athens Greece’s lenders have made it clear that they will keep a close eye on the unhindered conduct of auctions throughout Greece by attaching it as a condition for the second disbursement from the 6.7 billion tranche that was approved at yesterday’s Eurogroup.
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EconomyBanking
BoG sees ample capital space for banks to sell bad loans The Bank of Greece (BoG) presents in its semiannual overview of the Greek financial system a sensitivity analysis on active NPE management by Greek financial institutions in relation to the operational targets of reducing their stock to 64.6 billion euros, from 101.8 billion, by the end of 2019.
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EconomyMacroeconomy
Credit contraction unchanged at 0.9 pct in November Credit contraction in the Greek market remained stable at 0.9 percent in November, unchanged from October, Bank of Greece (BoG) figures showed on Friday.
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EconomyMacroeconomy
Banks meet NPE reduction targets in Q3, adjust targets for next two years Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the third quarter (Q3) of 2017 according to the fifth quarterly report on operational targets for NPEs published by the Bank of Greece.
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EconomyProgramme
Strike legislation, auctions present Athens with challenges in wake of SLA Despite reaching a staff-level agreement (SLA) with its lenders a few days ago, the Greek government continues to face challenges in implementing some of the commitments it made to the institutions.
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EconomyBanking
Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline Alpha Bank’s reported net profits stood at 35.5 million in the third quarter (Q3) of 2017, attributable entirely from profits originating from continued operations.
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EconomyBanking
Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall Piraeus Bank’s third quarter (Q3) results showed a net loss of 19 million euros, undoing the net profit of 7 million euros seen in Q2.
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EconomyMacroeconomy
OECD sees growth picking up, warns about society and financial sector The Organisation for Economic Co-operation and Development (OECD) became the latest body to confirm Greece’s return to solid growth next year, although it issued a conservative forecast for economic activity this year.
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EconomyMacroeconomy
Credit contraction deepens slightly to 0.9 pct in October Credit contraction in the Greek market increased slightly by 0.9 percent in October, compared to a contraction of 0.8 percent in September, Bank of Greece (BoG) figures showed on Tuesday.