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Piraeus Bank issues Tier II bond to strong demand
NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
Following weeks of uncertainty and pressure on the banking sector, which climaxed in a big drop in bank share prices on Wednesday, there have been reports of efforts to provide the Greek lenders with assistance.
The Greek authorities along with Bank of Greece, the Hellenic Financial Stability Fund (HFSF) and European institutions are reportedly working on plans to accelerate the reduction of bad loans from the banks’ books by assuming part of the non-performing...
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