Banking
NBG boosts capital base by selling total stake in Finansbank
National Bank of Greece (NBG) announced early on Tuesday that it has entered into a definitive agreement with Qatar National Bank (QNB) for the sale of a 99.8 percent stake in its Turkish arm Finansbank for a total consideration of 2.75 billion euros.
NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
National Bank (NBG) released its third-quarter (Q3) financial results on Monday, which showed net losses eased to 401 million euros from 1.61 billion in Q2.
Eurobank presents 2.12 bln equity raising plan to cover capital needs
Eurobank presented on Tuesday its recapitalisation plan to cover the capital needs that were announced by the ECB on Saturday.
National Bank reveals capital plan, which includes sale of whole Finansbank stake
National Bank (NBG) revealed on Tuesday its capital plan to address the shortfall that emerged from the comprehensive assessment conducted by the ECB's Single Supervisory Mechanism (SSM).
Piraeus Bank reveals mitigating actions aimed at reducing size of capital increase
Piraeus Bank revealed on Monday the capital actions that it intends to submit to the ECB’s Single Supervisory Mechanism (SSM) to cover the capital shortfall that resulted from the comprehensive assessment.
Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
Following the publication of their capital needs resulting from the comprehensive assessment conducted by the ECB’s Single Supervisory Mechanism (SSM), Greek banks released on Saturday evening their second quarter (Q2) financial results.
Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
Eurobank became on Thursday the third Greek bank to announce a Liability Management Exercise (LME) involving a voluntary exchange offer for a total nominal value of 877 million euros in outstanding bank bonds.
Alpha makes 1.09 bln bond swap offer to boost capital
Following Piraeus Bank a few days ago, Alpha Bank announced on Wednesday a voluntary exchange of 1.09 billion euros (nominal value) outstanding bonds.
NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
Following Eurobank and Piraeus, National Bank of Greece (NBG) published on Wednesday its trading update for the second quarter (Q2), providing the evolution of the key P&L and balance sheet items, excluding those related to loan provisions, after tax earnings and capital.
Piraeus Q3 trading update shows significant acceleration in NPL formation
Following a more detailed trading update for the second quarter (Q2) published last week, Piraeus Bank released on Monday a condensed trading update for Q3 outlining the evolution of the key balance sheet items.