Banking
Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
Following weeks of uncertainty and pressure on the banking sector, which climaxed in a big drop in bank share prices on Wednesday, there have been reports of efforts to provide the Greek lenders with assistance.
Banks submit new NPL targets to SSM, with sales leading way in reduction drive
Greece’s four systemic banks have submitted new Single Support Mechanism (SSM) guidelines on Friday, under which the banks’ bad loans will be tackled.
Mortgage loans a key piece of NPL reduction puzzle
The persisting issue of non-performing loans (NPLs) was one of the key items discussed last week by the government and the institutions.
Card transactions in Greece experience boost due to capital controls
Payment statistics by the European Central Bank released last week have revealed that card payments in Greece experienced notable growth in recent years.
Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
Piraeus Bank’s second quarter (Q2) results showed that net profits from continued operations came to 24 million, recovering from a loss of 80 million euros in Q1.
NBG remains profitable in Q2 with net results of 21 mln
National Bank of Greece (NBG) reported a net profit of 21 million euros from continued operations in the second quarter (Q2), very slightly improving on net profits of 20 million in Q1.
Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
Eurobank recorded net profits of 1.1 million euros in the second quarter (Q2) of 2018 compared to profits of 34.5 million in the previous quarter.
Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
Alpha Bank reported a net loss of 52.9 million euros in the second quarter (Q2) of the year, attributable entirely from profits originating from continued operations. The results reverse profits of 65.2 million euros noted in the first quarter of the year.
Greek banks push for return to normality
Greece’s banks form a crucial element in the country’s road to economic recovery, and recent indicators point to signs of a delicate improvement.
Banks try to build on growing confidence
With the programme exit now just around the corner and as credit rating agencies and investors start to view Greece’s banks through a more positive lens, the country’s lenders are taking steps to make the most of the current sentiment.