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EconomyBanking
NBG results show net profits of 409 mln euros on strong trading income in Q1 National Bank of Greece (NBG) reported a net profit of 409 million euros from continued operations in the fιrst quarter (Q1) of 2020, compared to 18 million euros in Q4.
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EconomyBanking
BoG governor renews calls for launch of bad bank and ESM use Bank of Greece governor Yannis Stournaras has reiterated calls for the immediate implementation of Greece’s bad bank to deal with the reduction of NPEs.
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EconomyBanking
Exposure to tourism sector a concern for banks despite effort to save season As Greece moves to reopen its tourism season, the implications for Greece’s banking sector could be widespread thanks to the loan exposure that Greek banks have to this sector.
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EconomyBanking
Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation Eurobank announced last week that it was submitting the securitisation of the final arm of their Cairo portfolio to the government’s Hercules scheme.
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EconomyBanking
Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses The government has indicated that it is looking for further cooperation from the banking sector to inject liquidity into the country’s business landscape.
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EconomyMacroeconomy
Overall loan interest drops to series low of 4.06 pct in March The overall weighted average interest rate on all new loans to households and non-financial corporations fell by 24 percentage points to 4.06 percent in March from 4.30 percent in February, data from the Bank of Greece (BoG) showed on Wednesday.
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EconomyFeatures
Study proposes higher public spending to counter expected rise in NPLs The Centre of Planning and Economic Research (KEPE) has released an analysis of the impact of the coronavirus on Greece’s non-performing loan market.
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EconomyBanking
Banks look for way forward as economic shutdown takes its toll Greeks banks are facing a complicated challenge in the face of coronavirus as their efforts to reduce NPLs have come to a standstill.
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EconomyFeatures
BoG highlights strong year for property in 2019 but warns of Covid-19 impact in 2020 The Bank of Greece (BoG) has made its first estimate of the impact of the coronavirus on the property market in Greece while outlining the positive year enjoyed by the sector in 2019.
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EconomyBanking NBG results show net profits of 18 mln in Q4 and 484 mln in 2019 National Bank of Greece (NBG) reported a net profit of 18 million euros from continued operations in the fourth quarter (Q4) of 2019, compared to 210 million euros in Q3.