Banking
Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
With Greece’s coronavirus numbers still climbing, Greece’s banking system is continuing with its bad loan reduction plans and an eventual return to normal operations.
Loans under credit servicing firms edges down by 0.4 pct QoQ to 30.90 bln in Q2
The Bank of Greece’s (BoG) released statistics for the second quarter (Q2) of 2020 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
Banks remain largely profitable in Q2, with focus on NPL reductions
Greece’s four systemic banks completed the second quarter of the year with relatively stable performance results amid the pandemic.
Property e-auctions resume after pandemic hiatus as banks focus on NPLs
Property e-auctions resumed last week after a six month hiatus due to the coronavirus pandemic as banks hoped to preserve prices for valuations.
Eurobank net results show profit of 176 mln in H1
Eurobank recorded net results of an adjusted profit of 176 million euros in the first half (H1) of 2020 compared to net profits of 96.7 million in H1 2019.
Alpha Bank posts net profits of 98 mln in Q2
Alpha Bank reported net profits of 98 million euros for the second quarter (Q2) of 2020 compared to a net loss of 11 million euros in Q1 2020.
NBG results show net profits of 465 mln euros on strong income
National Bank of Greece (NBG) reported a strong net profit of 465 million euros from continued operations in the fιrst half (H1) of 2020, compared to 245 million euros in H1 2019.
Banks step up securitisation drive following pandemic interruption
Having experienced a setback earlier in the year, when the pandemic broke out and led to reconfiguration of the plans on securitisations, Greek systemic banks are accelerating their efforts to catch up for lost time in restoring the health of their balance sheets.
Piraeus Bank posts pre-tax losses of 215 mln in H1
Piraeus Bank’s first half (H1) results revealed pre-tax losses of 215 million euros compared to pre-tax profits of 57 million euros in the relevant period in 2019.
OECD advocates closer look at health and capital quality of Greek banks
In its latest survey for Greece, published on Wednesday, the OECD draws attention to the Greek banking system and the importance of improving banks’ balance sheets so the lenders can resume their critical role of financing the economy, particularly due to the difficulties caused by the pandemic.