Banking
BoG stresses more work needed on NPE reduction, pushes bad bank idea
The Bank of Greece (BoG) issued on Thursday its latest financial stability report, which includes data from the first quarter of 2020.
Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
Alpha Bank announced on Wednesday that it had entered into a binding agreement for the disposal of a mixed pool of NPEs to Greek SMEs secured by real estate assets, code named Neptune.
Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
Piraeus Bank’s first quarter (Q1) results revealed a net loss of 232 million euros compared to a net profit of 189 million euros in Q4 2019.
Eurobank net profits at 56.8 mln in Q1
Eurobank recorded net profits of 56.8 million euros in the first quarter (Q1) of 2020 compared to net profits of 32.6 million in Q4.
Alpha Bank posts net loss of 10.9 mln in Q1
Alpha Bank reported a net loss of 10.9 million euros for the first quarter (Q1) of 2020 compared to net profits of 5.4 million euros in Q4 2019.
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.
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.
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.
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.
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.