Bank of Greece
ELA declines by 2.4 bln euros
Emergency central bank funding to Greek lenders dropped by 2.4 billion euros, or 13.5 percent, in February compared to the previous month, Bank of Greece data showed on Monday.
Emergency funding, which is more costly than borrowing from the European Central Bank, dropped to 15.05 billion euros from 17.4 billion euros at the end of January, the data showed.
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Ethniki Insurance deal to be funded by giants?
Exin Financial Group has pledged that by end-January it will have submitted the details of the funding needed to acquire Ethniki Insurance. So far the group is said to have informed the monitoring authorities and National Bank of Greece that Pimco and Berkshire Hathaway will participate in the deal's financing.
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Piraeus Bank says it will respond to BoG audit
Piraeus Bank said on Monday it will respond to a draft report of a Bank of Greece audit that found regulatory violations during 2014-16 and that a final report by the central bank would follow thereafter.
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NBG turns profitable in third quarter of year
National Bank of Greece (NBG) turned profitable in the third quarter, helped by improving core income and lower bad debt provisions.
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Greek banker who sheltered in London during Greek crisis takes legal action
Greek banker Omiros Millas, a former National Bank of Greece executive, said he was harassed for warning that his firm risked breaching regulations on valuations, confidentiality and money laundering.
ELA cash grows, but till when?
Next week?s ECB meeting will be crucial as it may decide to slash the value of Greek banks? collateral
By Yiannis Papadoyiannis
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Piraeus confirms absorption of Panellinia Bank
Piraeus Bank announced late on Friday that it is absorbing the healthy part of Panellinia, a small cooperative bank that failed to complete its required share capital increase.
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