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
Commission gives go-ahead for APS to reduce NPL pile
The European Commission (EC) announced on Thursday that it approved the Greek plan, codenamed “Hercules,” for helping Greek banks remove up to 30 billion euros in non-performing loans from their books.
The Commission concluded that under the proposed Asset Protection Scheme (APS), the Greek state will be remunerated in line with market conditions for the risk that it assumes. As such, the proposal submitted by Athens does not entail any state aid.
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