Exposure to tourism sector a concern for banks despite effort to save season
Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
Alpha Bank posts net profits of 97.1 mln in 2019
Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
The Greek government appears to have submitted to the European Commission its final proposal for an Asset Purchase Scheme (APS), which it hopes will help local banks substantially reduce their stock of non-performing loans.
According to a report in Kathimerini newspaper on Thursday, Deputy Finance Minister Giorgos Zavvos handed the plan, dubbed the Hercules Project, over to officials in Brussels on Friday. The European Commission will now have to check the details to ensur...
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