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EconomyProgramme
Greece and creditors feel their way into new round of talks in Athens The third round of discussions between the institutions’ mission chiefs and Greek ministers in the context of the second programme review kicked off on Tuesday with an introductory meeting.
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EconomyProgramme
The key elements of the draft agreement between Greece and lenders During the second round of meetings between the institutions’ mission chiefs and the Greek government, a draft supplemental memorandum of understanding (sMoU) was prepared.
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EconomyBanking
Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets Alpha Bank concluded the reporting period of the four systemic Greek banks releasing its third-quarter (Q3) results on the last day of November.
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EconomyMacroeconomy
Bank of Greece reveals lenders' NPE challenge and sets out path to recovery The Bank of Greece (BoG) published on Wednesday its first report on the operational targets for non-performing exposures (NPEs).
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EconomyMacroeconomy
Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln The rate of credit contraction in the Greek market slowed slightly to 1.6 percent in October from 1.7 percent in September, Bank of Greece (BoG) figures displayed on Monday.
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EconomyProgramme
Having failed to resolve differences, Greece and lenders enter new week of talks Ahead of the Eurogroup Working Group due to convene on Monday, the Greek authorities held a teleconference on Saturday afternoon with the institutions’ mission chiefs on the second programme review.
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EconomyBanking
NBG turns profitable in Q3, NPE stock drops further by 1 billion National Bank of Greece (NBG) turned profitable again in the third quarter (Q3) of 2016 with a positive bottom-line result of 16 million from losses of 3.06 billion in Q2, which fully reflected a one-off loss of 3.1 billion related to the recycling of Finansbank’s losses that were previously recognised in other comprehensive income.
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EconomyProgramme
Second round of review talks concludes without breakthrough on labour reforms Despite lengthy meetings that started on Monday morning and continued overnight until 5.30 am on Tuesday, Greek officials and institutions mission chiefs did not clinch an agreement on the key issues of the second programme review.
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EconomyProgramme
Greece and lenders make headway on review but labour reforms remain biggest obstacle After a three-day break, discussions between Greek ministers and the mission chiefs resumed on Sunday, when the key focus was on labour and fiscal issues.
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EconomyProgramme
Talks on bailout review head for crucial weekend After a temporary break on Thursday, when discussions between the Greek authorities and lenders continued at technical level, negotiations are expected to intensify over the weekend ahead of the tabling of the 2017 budget on Monday.