National Bank (NBG) said on Monday it completed a securitisation of SME loans, the first such transaction by a Greek bank since 2007.
The Hellenic Financial Stability Fund’s (HFSF) equity plummeted to 8.84 billion euros at the end of 2015 from 24.51 billion a year ago, according to its annual report, which was published on Friday.
The Bank of Greece (BoG) published on Tuesday an overview of the Greek financial sector, providing an update on the key developments and data over the past five years regarding banks’ profitability, loan quality and cards’ transactions.
Michalis Sallas, the non-executive chairman of Piraeus Bank, resigned during a Board of Directors (BoD) meeting on Wednesday afternoon, marking the end of an era in the Greek banking sector.
The Hellenic Financial Stability Fund (HFSF) said on Wednesday that all three of its executive board members - Aris Xenofos, CEO, George Koutsos, Deputy CEO and Anastasios Gagales, member - have resigned.
As expected, the European Central Bank’s governing council decided on Wednesday evening to reinstate the waiver on Greek government securities, which was lifted on February 4, 2015.
NBG announced on Wednesday afternoon the transfer of its 99.81 percent stake in the Turkish Finansbank to Qatar National Bank (QNB).
Alpha was the last of the four core Greek banks that released its first quarter (Q1) results this week, showing a marginally negative bottom line of 2.2 million euros from 115.8 million in the corresponding period last year.
National Bank of Greece (NBG) posted net profit of 87 million euros in the first quarter (Q1) of 2016 from a loss of 2.05 billion in Q4 and 159 million a year ago.
Piraeus Bank posted a net loss of 37 million euros in the first quarter (Q1) of 2016 from 1.24 billion in the previous quarter, primarily burdened by exceptionally high loan provisions, and 67 million a year ago.