Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
Eurobank net profits at 56.8 mln in Q1
Alpha Bank posts net loss of 10.9 mln in Q1
NBG results show net profits of 409 mln euros on strong trading income in Q1
BoG governor renews calls for launch of bad bank and ESM use
APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
Greece’s much-anticipated Asset Protection Scheme (APS), nicknamed Hercules, that aims to help banks clean up their balance sheets is a few steps away from coming into effect after the Finance Ministry submitted the draft law to Parliament on Tuesday under the emergency procedure.
Approximately a year ago, share prices of Greek banks went through a period of turbulence that saw the value of the banking index in the Athens Stock Exchange essentially halve within a handful of months. Investors were alarmed by the domestic lenders’ ...
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