Greek banks met their non-performing exposure (NPE) and non-performing loan (NPL) reduction targets in the fourth quarter (Q4) of 2016, the second quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) revealed on Wednesday afternoon.
Piraeus Bank concluded the release of Greek banks’ fourth quarter (Q4) results on Friday evening by announcing that it posted net losses of 17.7 million euros in Q4 from profits of 30.6 million in the previous quarter.
National Bank of Greece (NBG) remained profitable in the fourth quarter (Q4) of 2016, with net profits of 73 million euros from 6 million in the previous quarter.
Alpha Bank remained profitable for the second straight quarter in Q4 2016, with net profits of 20.1 million euros from 41.1 million in the previous quarter.
Eurobank recorded net profits of 38.3 million euros in the fourth quarter (Q4) of 2016 from 85.4 million in the previous quarter, which included a one-off gain of 55 million from the disposal of its insurance unit, Eurolife ERB.
In an interview with Skai TV on Wednesday, the head of the Single Supervisory Mechanism (SSM) Daniele Nouy confirmed that the first two months of the year were “a little bit disappointing” regarding both the deposit flow and the evolution of non-performing exposures (NPEs) of Greek banks.
Piraeus Bank announced on Wednesday evening that Christos Megalou was unanimously elected as CEO by the bank’s Board of Directors.
In its annual report published on Friday, the Bank of Greece (BoG) provided more details on the evolution of Greek banks’ deposits since the imposition of capital controls at the end of June 2015.
Greek banks stepped up the number of write-offs in 2016 compared to the previous years, the Bank of Greece (BoG) revealed.
The impact from the restructuring of the Greek banking system during the crisis years was depicted in the figures provided by the Hellenic Bank Association (HBA) on Friday.