Tags
Banking
RSS-
EconomyBanking
The race to reduce Greece's bad loans Ahead of this week’s Eurogroup, the bad loans plaguing Greece’s banks are once again coming into focus.
-
EconomyMacroeconomy
Eurosystem funding falls by 716 mln in May Greek banks’ Eurosystem funding fell by 716 million euros in May, the Bank of Greece's (BoG) monthly financial statement has revealed.
-
EconomyMacroeconomy
Banks meet NPE targets in Q1 but mortgage reductions remain slow Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the first quarter (Q1) of 2018 according to the seventh quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) on Wednesday afternoon.
-
EconomyBanking
NBG makes profit of 20 mln in Q1, NPE stock falls again National Bank of Greece (NBG) reported a net profit of 20 million euros from continued operations in the first quarter (Q1), reversing the loss of 60 million euros in Q4.
-
EconomyBanking
Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter Alpha Bank reported net profits of 65.2 million euros for the first quarter (Q1) of 2018, reversing the loss of 64 million in Q4 2017.
-
EconomyMacroeconomy
Capital controls eased, allowing larger withdrawals and doubling limit on business transfers abroad Greece’s Finance Ministry (MoF) announced on Thursday that the capital controls introduced in the summer of 2015 will be further relaxed from Monday as part of an effort to fully abolish them not long after the end of the programme.
-
EconomyBanking
Eurobank net profits at 34.5 mln in Q1 Eurobank recorded net profits of 34.5 million euros in the first quarter (Q1) of 2018, representing a year-on-year (YoY) decline of 5.5 percent versus net profits of 36.5 million euros in Q1 2017.
-
EconomyBanking
Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln Piraeus Bank has agreed the sale of a corporate NPE portfolio worth 1.95 billion euros as part of its ongoing strategy to reduce the volume of bad loans on its books.
-
EconomyMacroeconomy
Credit contraction deepens to 1.9 pct in April, balance at 179.13 bln Credit contraction in the Greek market deepened to 1.9 percent in April compared to a contraction of 1 percent in March, according to Bank of Greece (BoG) figures released on Tuesday.
-
EconomyProgramme
Focus of banking sector commitments shift to NPL reduction, debt restructuring framework The safeguarding of financial stability is one of the pillars of Greece’s third programme and the Supplemental Memorandum of Understanding (sMoU) has a section dedicated to the banking sector, with the focus on the secondary market for Non-Performing Loans (NPLs), debt restructuring and insolvency procedures and the overall governance of Hellenic Financial Stability Fund (HFSF) and the banks.