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
Loans under credit servicing firms rise 17.1 pct QoQ to 23.54 bln
Eurobank net profits at 256.7 mln in 2019
Hercules NPL reduction scheme receives first application from Eurobank
Ministry urges borrowers to apply for home protection before scheme expires
Covid-19 presents new, significant challenge in banks' effort to reduce NPLs
The Greek banking system entered the new year with positive momentum for tackling the stock of non-performing exposures (NPE) after the Hercules asset protection scheme (APS) was launched, but the four weeks since the outbreak of the virus in Greece have brought the economy to a standstill and raised concerns about a new generation of bad loans.
In the annual governor’s report published last week, the Bank of Greece (BoG) takes stock of the situation in 2019, when NPEs settled at 68 billion euros in December, reduced annually by close to 14 billion euros, and more than 39 billion since the Marc...
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