Eurobank net profits from continued operations fall by 12.2 pct in 2018
BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
Piraeus eyes major NPE deal as banks remain focused on bad loans
Alpha Bank and Eurobank start new year with further bad loan sales
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
Banks focus on defining challenge of reducing NPEs
Having breathed a sigh of relief following the conclusion of the stress test exercise, which did not indicate any need for raising significant additional capital, Greek banks can now continue without any distractions to tackle the major challenge of de-risking their balance sheets by reducing the number of non-performing exposures (NPEs).
According to the latest available data from Bank of Greece (BoG) and the banks’ financial statements, 2017 was a successful year in meeting the NPE reduction targets but the reduction plan is backloaded and targets are steeper this year and next.
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