Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
NBG net profits decline to 8 mln in Q3, NPLs continue to fall
Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
BoG highlights areas of concern in underlying NPE data
Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
BoG provides details of ambitious plans to slash NPLs via SPV
Clearer picture emerging ahead of stress tests, banks appear confident
As Greece’s banks gear up for the stress tests at the start of next year, a clearer picture is emerging as the Troubled Assets Review (TAR) is underway and banks are firming up their assessments about the implementation of the new provisioning standards in IFRS 9.
According to sources, Greek bankers estimate that by the time the stress tests, which were brought forward to satisfy the International Monetary Fund’s request to have a full picture of the Greek lenders capital needs before the end of the programme, is...
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