Piraeus Bank posts net loss of 80 mln in Q1
Bank stress tests find no capital needs, clearing path for MoU exit
Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
NBG reports net loss of 163 mln in 2017, bad loans continue to fall
Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
Greek banks' NPL selloff gathers speed
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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