Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
Banks focus on reducing NPLs linked to property
NBG reports net profits of 131 mln in Q1, accelerating profitability
BoG provides details of ambitious plans to slash NPLs via SPV
BoG governor Yiannis Stournaras has been active recently in presenting the aspects of the plan to Greek bankers and other banking stakeholders, including the finance ministry and the Hellenic Financial Stability Fund (HFSF).
The Greek Finance Ministry and HFSF are also working on a NPE management solution based on the Italian model of an Asset Protection Scheme (APS).
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