Banking
H1 bank results show performance stabilising, laying ground for further improvement
Greece’s systemic banks reached the end of the first half of 2019 with relatively strong performance and the further derisking of their balance sheets as efforts continued to offload bad loans.
Eurobank net profits at 6 mln in Q2 amid increasing securitisations
Eurobank recorded net profits of 6 million euros in the second quarter (Q2) of 2019 compared to net profits of 19.7 million in Q1.
Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
Alpha Bank reported net profits of 59.4 million euros for the second quarter (Q2) of 2019, growing from net profits of 27.5 million posted in Q1.
NBG reports net profits of 122 mln in Q2, highlights successful bond sale
National Bank of Greece (NBG) reported a net profit of 122 million euros from continued operations in the second quarter (Q2) of 2019, down from profits of 131 million euros reported in Q1.
Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
Piraeus Bank’s second quarter (Q2) results revealed net results from continued operations showing a profit of 20 million euros compared to a net profit of 14 million in Q1 2019.
Capital controls to be abolished ahead of schedule
Prime Minister Kyriakos Mitsotakis announced on Monday that the government was moving ahead with the full lifting of the capital controls that have been in place in Greece since the summer of 2015.
BoG awaits go-ahead from DG Comp over NPL scheme
The Bank of Greece (BoG) has reportedly finalised, in collaboration with Rothschild & Co, its plan for the reduction of bad loans on the books of the country’s systemic banks.
Eurobank’s NPL sales take major step with two transactions
Eurobank announced on Thursday that it had entered into a binding agreement with PIMCO’s Celidoria SARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non-performing residential mortgage loans.
Greek banks maintain focus on key areas as elections approach
Greece’s systemic banks are continuing tackling several key issues as the summer sets in and against the general tide of a pre-election slowdown.
Card usage gains traction with debit cards leading the way, BoG finds
The Bank of Greece’s (BoG) latest overview of the Greek financial system has shown that the rate of card use among businesses and individuals has steadily increased over recent years.