Banks focus on reducing NPLs linked to property
NBG reports net profits of 131 mln in Q1, accelerating profitability
Piraeus Bank posts net profit of 185 mln in 2018
Alpha Bank posts net profits of 53 mln in 2018
NBG reports full year net profits of 50 million euros from continued operations
Eurobank net profits from continued operations fall by 12.2 pct in 2018
Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
It was confirmed earlier this year that upon Greece's exit from its final bailout programme, the waiver in place on Greece's government bonds would expire, making them ineligible for the ECB's QE programme. Alpha Bank noted that it was able to maintain its ECB reliance at 3.1 billion euros. As at the end of August, ECB funding reliance was down by around 100 million in the year to date, ELA funding by 5.9 billion, while deposits had increased by 3.2 billion, repos by 2.6 billion along with 500 million euros which stemmed from a covered bond issuance.
Overall, the waiver effect had an impact of 1.2 billion on the bank's ECB collateral pool.
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