BoG urges banks to improve quality of capital, re-doubles SPV efforts
Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
Eurobank net profits at 56.3 mln in Q3 from continued operations
NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
Alpha Bank posts net profits of 4.7 mln in Q3
IMF consultation report pinpoints health of Greek banks as central to growth
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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