Mortgage loans a key piece of NPL reduction puzzle
Card transactions in Greece experience boost due to capital controls
Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
NBG remains profitable in Q2 with net results of 21 mln
Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
Rating agency Standard & Poors announced on Friday that it had upgraded bonds issued by Piraeus Bank and the National Bank of Greece (NBG) to “investment grade”. This is the first time since 2011 that Greece’s bonds have returned to investment grade status. The upgrade relates to NBG’s portfolio of covered bonds, which were upgraded to BBB-, and Piraeus Bank’s securitised bonds.
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