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NPLs
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EconomyBanking
Watchdog raid strains testy relationship between banks and govt Another chapter in the unexpectedly turbulent relationship between the new Greek administration and the country’s banks was written on Thursday when the Competition Commission raided the headquarters of the four systemic banks, Attica bank and the Hellenic Banking Association.
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EconomyFeatures
Changes to primary residence protection proposed in bid to draw more applications A bill bringing changes to the framework for the protection of primary residences was submitted to Parliament yesterday by the Finance Ministry, which is hoping to boost the number of applications.
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EconomyBanking
Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations The deal between Piraeus Bank and Intrum which concluded in October will create the largest independent loan servicer in Greece, executives from both firms said in comments to the press late last week.
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Economy
S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls S&P raised on Friday its credit rating for Greece by one notch, taking it to ‘BB-’, and kept its positive outlook for the country.
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EconomyBanking
Banks enter final quarter with high hopes for bad loan reduction while challenges remain Greece’s banks entered the final quarter of the year with several key developments on the front of reducing their bad loan pile.
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EconomyBanking
Banks highlight areas of concern in talks on NPL scheme The Finance Ministry has redoubled its efforts to get over the line the Asset Protection Scheme (APS), codenamed Hercules, that is meant to help Greek systemic lenders reduce the stock of NPEs on their books by up to 30 billion euros through state guarantees on securitisations.
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EconomyBanking Loans under credit servicing firms drop 0.7 pct QoQ to 17.45 bln The Bank of Greece (BoG) released a new quarterly bulletin last week detailing statistics regarding the operations of Credit Servicing Firms (CSFs).
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EconomyProgramme
Fourth review talks conclude with fiscal differences remaining The talks between the Greek authorities and the heads of institutions concluded on Wednesday as the fourth post-programme moves on to the next stage.
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EconomyProgramme
Second day of review yields progress, work needed on fiscal front The Greek authorities and the heads of the institutions completed the second day of talks in Athens that left fiscal issues for 2020 still open, although it was not anticipated that the matter would have been settled on this trip, ahead of the draft budget that is due to be tabled to Parliament on October 7.
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EconomyBanking
Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets The Greek government appears to have submitted to the European Commission its final proposal for an Asset Purchase Scheme (APS), which it hopes will help local banks substantially reduce their stock of non-performing loans.