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EconomyMacroeconomy
Credit contraction eases to 0.9 pct in August The pace of credit contraction in the Greek market slowed slightly in August, easing to 0.9 percent, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyProgramme
Early banks stress tests offered as Greek programme compromise It appears that European lenders are trying to remove one of the potential stumbling blocks to Greece’s programme, which was the dispute over whether Greek banks need another round of asset quality reviews (AQRs) or not.
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EconomyBanking
Review demands put spotlight on Greek banks Greek banks have been a topic of discussion over the last few days after eurozone official highlighted last week the need for the management of NPLs and amid pressure from the International Monetary Fund for new asset quality reviews (AQRs) to be carried out.
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Legal
Out-of-court workout holds promise for firms in debt For the first time in Greek legislation, Law 4469/2017 introduces an integrated procedure of Extrajudicial Debt Settlement for viable entities of commercial status with outstanding debts to the private and public sector.
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EconomyMacroeconomy
Eurosystem funding drops by 5.1 bln in Aug driven by ELA fall Greek banks’ Eurosystem funding fell for 26 successive months in August when it fell by a further 5.1 billion euros, Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
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EconomyBanking
Greek banks meet NPE reduction targets in Q2, write-offs remain primary source of reduction Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the second quarter (Q2) of 2017 according to the fourth quarterly report on operational targets for NPEs by Bank of Greece.
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EconomyBanking
Alpha Bank remains profitable in Q2, NPEs reduced further Alpha Bank’s reported net profit stood at 1 million in the second quarter (Q2) of 2017 including profits of 71 million from continued operations offset by losses of 68.5 million from discontinued operations, mainly related to recycling of FX differences following the sale of its subsidiary in Serbia.
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EconomyBanking
NBG reports net losses in Q2, NPEs down for fifth straight quarter National Bank of Greece (NBG) reported net losses of 13 million euros in the second quarter (Q2) of 2017 reversing the profits of 13 million in Q1, which resulted in a break-even bottom-line result for the first half (H1) of the year.
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EconomyBanking
Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter Piraeus Bank reversed its first-quarter (Q1) net losses of 7 million to profit of 7 million in Q2, resulting in a break-even bottom-line result in the first half (H1) of 2017.
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EconomyBanking
Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation Eurobank remained profitable in the second quarter (Q2) of 2017, with net profits slightly increasing to 39.7 million euros Q2 from 36.5 million in the previous quarter.