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NPLs
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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.
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EconomyBanking
H1 bank results show performance stabilising, laying ground for further improvement Greece’s systemic banks reached the end of the first half of 2019 with relatively strong performance and the further derisking of their balance sheets as efforts continued to offload bad loans.
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EconomyBanking
Eurobank net profits at 6 mln in Q2 amid increasing securitisations Eurobank recorded net profits of 6 million euros in the second quarter (Q2) of 2019 compared to net profits of 19.7 million in Q1.
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EconomyBanking
NBG reports net profits of 122 mln in Q2, highlights successful bond sale National Bank of Greece (NBG) reported a net profit of 122 million euros from continued operations in the second quarter (Q2) of 2019, down from profits of 131 million euros reported in Q1.
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EconomyBanking
BoG awaits go-ahead from DG Comp over NPL scheme The Bank of Greece (BoG) has reportedly finalised, in collaboration with Rothschild & Co, its plan for the reduction of bad loans on the books of the country’s systemic banks.