Banking
Eurobank net profits from continued operations fall by 12.2 pct in 2018
Eurobank recorded net profits of 29 million euros in the fourth quarter (Q4) of 2018 from 58.8 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 50.7 percent.
BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
Banks continue to make progress on reducing their bad loans, with the Bank of Greece (BoG) presenting its strategy for reducing bad loans to the European Commission at the end of last week.
Alpha Bank and Eurobank start new year with further bad loan sales
Two of Greece’s systemic banks moved into 2019 with increased activity on their disposal of their pile of bad loans as the new year heralds a host of ambitious loan reduction targets.
Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
Piraeus Bank’s third quarter (Q3) results showed that net profits from continued operations came to 94 million euros, picking up from profits of 24 million in the previous quarter.
NBG net profits decline to 8 mln in Q3, NPLs continue to fall
National Bank of Greece (NBG) reported a net profit of 8 million euros from continued operations in the third quarter (Q3), declining from the figure of 21 million posted in Q2.
Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
Alpha Bank reported a net profit of 41 million euros in the third quarter (Q3) of the year, attributable entirely to profits originating from continued operations.
BoG highlights areas of concern in underlying NPE data
In the overview of the financial system that the Bank of Greece (BoG) published last week, the central bank goes into detail about the issue of non-performing exposures (NPE), the composition and dynamics of the most challenging legacy that the crisis has left for the country’s credit institutions.
Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
One of Greece’s four systemic banks, Eurobank, has announced shortly after releasing its third-quarter results that the bank is forming its own special purpose vehicle (SPV) for handling its pile of bad loans.
BoG provides details of ambitious plans to slash NPLs via SPV
In the overview of the Greek financial system that was published late on Thursday, the Bank of Greece (BoG) outlines its proposal for the systemic management of non-performing exposures (NPEs).
Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
Eurobank recorded net profits of 45.1 million euros in the third quarter (Q3) of 2018 compared to profits of 1.1 million in the previous quarter.