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Banks moving at pace on road to recovery
EconomyBankingThe momentum of positive developments in the Greek banking sector is growing as systemic lenders appear to be leaving behind them, with gradual but steady steps, the legacy issues of the decade-long debt crisis that damaged their balance sheets.
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Busy Q2 for securitisations sees rise in bad loans managed by servicers
EconomyMacroeconomyIn the second quarter of the year (Q2), loans managed by Credit Servicing Firms (CSF) stood at 61.75 billion euros, according to data released by the Bank of Greece (BoG) on Thursday.
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Hercules APS delivers largest ever quarterly NPE reduction as ratio drops to 21.3 pct in Q2
EconomyBankingThe Bank of Greece has released the latest data on non-performing loans for the second quarter of the year. It shows the NPE ratio standing at 21.3 pct - a level not seen in several years.
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Eurobank profitability accelerates in second quarter, at 190 mln in H1
EconomyBankingEurobank posted a net income of 190 million euros in the first half (H1) of the year, compared to a loss of 1.17 billion euros in the same period last year.
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Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
EconomyBankingAlpha Bank reported a net loss of 2.04 billion euros for the second quarter (Q2) of 2021, compared to a loss of 282.2 million euros in Q1, after booking losses from its Galaxy NPE portfolio securitization.
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NBG increases profits in H1 as it progresses with NPE clean up
EconomyBankingNational Bank of Greece (NBG) reported a profit after tax from continuing operations of 622 million euros in the first half (H1), compared with a profit of 465 million euros in the same period of 2020, a rise of 34 pct.
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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
EconomyBankingPiraeus Bank posted a loss of 2.45 billion euros in the first half (H1) of 2021 due to impairments related to Covid and the NPE clean-up from loan securitisations.
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ECB clears banks after stress tests, approves change to DTCs as momentum builds
EconomyBankingThe forward momentum in the Greek banking sector gathered pace on Friday when the results of the 2021 stress tests were announced.
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Alpha Bank buoyed by 800-mln-euro share capital raise
EconomyBankingAlpha Bank announced on Friday the successful completion of its 800-million-euro share capital raise, following a three-day book building process, with the price set at 1 euro per share.
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Govt calls on local businesses and banks to free up capital for investment
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has called on Greeceās entrepreneurs to invest in the country as his government seeks a decisive shift away from the travails of the pandemic, which look like they may linger for a little while longer at least.