Banking
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.
Assessing the health of Greek banks' loan portfolios
The Asset Quality Review (AQR) that is currently being conducted by the Single Supervisory Mechanism (SSM) of the ECB along with a stress test exercise will determine the capital needs of Greek banks that are due to be published in the second half of October.
Eurobank acquires Alpha network in Bulgaria, kicking off round of consolidation abroad
In a joint statement released by Alpha and Eurobank on Friday evening, the two banks announced the acquisition of Alpha’s branch network in Bulgaria by Eurobank’s subsidiary in Bulgaria, Postbank.
National Bank posts losses of 159 mln in Q1 2015
National Bank (NBG) posted net losses of 159 million euros in the first quarter (Q1) of 2015 from 1.11 billion in Q4 2014, which were entirely due to one-offs.
Alpha Bank reports lower losses of 115.8 mln in Q1 2015
Alpha Bank reported lower quarter on quarter (QoQ) net losses of 115.8 million euros in the first quarter (Q1) of 2015, from 440.2 million in Q4 2014. The improving bottom-line result mainly reflects lower operating expenses and impairment losses.
Piraeus Bank brings Q1 2015 losses down to 69 mln
Piraeus Bank posted net losses of 69 million euros in the first quarter (Q1) of 2015 significantly lower than those reported in Q4 2014 of 332 million and in Q1 2014 of 247 million.
Market value of HFSF's bank holdings plummets by 11 bln in 2014
The Hellenic Financial Stability Fund (HFSF) reported extended losses of 9.92 billion euros last year from 9.61 billion in 2013, according to its 2014 annual report.
National Bank posts net loss of 1.1 bln in Q4
National Bank (NBG) posted a net loss of 1.11 billion in the fourth quarter (Q4) of 2014 from profit of 30 million in Q3.
Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
Piraeus Bank reported net losses of 332 million euros the fourth quarter (Q4) of 2014 from 1.56 billion in Q3, which were exceptionally high due to a sharp rise in impairment losses to 2.24 billion.
Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
Alpha Bank posted an increase in net losses to 440.2 million euros in the fourth quarter (Q4) of 2014 from 156.9 million in Q3.