Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
Banks enhance steps to deal with NPLs ahead of stress test
Eurobank raises 500 mln with covered bond issue
Trust in Greek banking system shaky, survey suggests
NBG steps back into markets with 750 mln covered bond issue
Eurobank sells NPL package in attempt to reduce bad debt pile
Moody’s changes outlook for Greek banks from negative to stable
In a report released on Tuesday, Moody’s upgraded Greek banks’ outlook to stable from negative on the back of improving profitability and funding, which are expected to normalise from a very weak base.
Greek bank’s capital ratios remain sound, with the Common Equity Tier 1 (CET1) ratio at around 17 percent, but half of it is in the form of deferred tax assets (DTAs), which is considered to be lower quality capital, according to Moody’s.
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