Stress test assumptions cause few concerns for Greek banks
Greek banks complete first round of covered bond issues
Clearer picture emerging ahead of stress tests, banks appear confident
Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
BoG sees ample capital space for banks to sell bad loans
With the effective management of the stock of Non-Performing Exposures (NPE) having been identified as one of the main challenges for the Greek banking system and the wider economy, the Bank of Greece (BoG) presents in its semiannual overview of the Greek financial system a sensitivity analysis on active NPE management by Greek financial institutions in relation to the operational targets of reducing their stock to 64.6 billion euros, from 101.8 billion, by the end of 2019.
Sales of parts of the NPE portfolio represent 11.6 billion euros, 11.6 percent of the existing stock, of the reduction goals. In its analysis, the BoG examines the level of flexibility that Greek lenders have in managing sales of bad loans based on the ...
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