Piraeus eyes major NPE deal as banks remain focused on bad loans
Alpha Bank and Eurobank start new year with further bad loan sales
Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
NBG net profits decline to 8 mln in Q3, NPLs continue to fall
Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
BoG highlights areas of concern in underlying NPE data
Greek banks brace for recapitalisation, with Piraeus initiating a bond swap offer
Following meetings held with the Single Supervisory Mechanism (SSM) of the ECB in Frankfurt on Wednesday and Thursday, media reports indicate that Greek bankers appear more optimistic on the final outcome of the ongoing assessment noting that capital needs could be manageable.
The comprehensive assessment includes an Asset Quality Review (AQR) and a stress test under a baseline and an adverse scenario. Until now, very few details have been leaked and they mainly relate to the macro assumptions of the baseline scenario. These ...
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