Banking
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.
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.
Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
Piraeus Bank’s final quarter (Q4) results showed profits of 189 million euros compared to a net profit of 49 million euros in Q3 2019.
Alpha Bank posts net profits of 97.1 mln in 2019
Alpha Bank reported net profits of 5.6 million euros for the fourth quarter (Q4) of 2019 compared to net profits of 4.7 million euros in Q3.
Covid-19 presents new, significant challenge in banks' effort to reduce NPLs
The Greek banking system entered the new year with positive momentum for tackling the stock of non-performing exposures (NPE) after the Hercules asset protection scheme (APS) was launched, but the four weeks since the outbreak of the virus in Greece have brought the economy to a standstill and raised concerns about a new generation of bad loans.
Loans under credit servicing firms rise 17.1 pct QoQ to 23.54 bln
The Bank of Greece’s (BoG) released statistics for the fourth quarter (Q4) of 2019 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
Eurobank net profits at 256.7 mln in 2019
Eurobank recorded net profits of 107.6 million euros in the fourth quarter (Q4) of 2019 compared to net profits of 59 million in Q3.
Hercules NPL reduction scheme receives first application from Eurobank
The Greek government’s Hercules scheme for reducing bad loans on the books of the country’s four systemic banks received its first application on Tuesday from Eurobank.
Ministry urges borrowers to apply for home protection before scheme expires
In an effort led by Finance Minister Christos Staikouras, the government is intensifying efforts to have as many borrowers covered before the current primary residence protection scheme expires on April 30.
Greek banks eye positive market appetite for bad loan sales
Ahead of the EU’s stress tests and improving sentiment, Greece’s banks have begun making further inroads into their plans for reducing bad loans on their books.